China: High-Speed Rail Network To Be Doubled

By Mark Stone, China Correspondent, in Beijing China has announced it will spend £60bn this year in an effort to almost double the size of its high-speed rail network. The investment forms part of a project which represents the largest and fastest...

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Miliband: 'We Must Tackle Middle Class Crisis'

By Sophy Ridge, Political Correspondent A crisis of confidence for the middle classes is the "greatest challenge for our generation," according to Ed Miliband. The Labour leader argues families believe their chances of getting good quality jobs,...

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Virgin Active Raids Birds Eye For New Chief

By Mark Kleinman, City Editor Sir Richard Branson's health and fitness chain is raiding a frozen food company to complete its senior management line-up as it gets fit for a stock market debut. Sky News understands that Virgin Active is close to...

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Microsoft: Windows 9 'Will Launch In 2015'

Microsoft is reportedly on course to ditch its troubled Windows 8 operating system in 2015. According to tech blogger Paul Thurrott, the world's biggest software maker will confirm at its Build conference in April that a project titled "Threshold" will...

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Asos Among Winners As Online 'Hurts High St'

The acceleration in the shift in consumer spending from the high street to online has been reflected in results from Asos, whose sales have leapt by 38%. The web-based fashion retailer said sales hit £335.7m in the four months to December 31 - with...

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Resurgent Game Pushes Button On £300m Float

By Mark Kleinman, City Editor The retailer Game Group will this week emerge as one of the high street's festive winners when it cements plans for a £300m flotation just a year after being bought out of administration. Sky News has learnt that the...

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Paul Flowers At Police Station To Answer Bail

Former Co-op Bank boss the Reverend Paul Flowers has appeared at a police station in Leeds to answer bail. The Methodist minister's appearance comes after he was arrested in November in connection with allegations that he bought and used Class-A drugs....

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Supermarket Discounters In Christmas Victory

Discount supermarket chains Aldi and Lidl, along with Waitrose, were the big winners in the battle for market share over Christmas. The latest grocery share figures from Kantar Worldpanel, published for the 12 weeks ending January 5, suggested the three...

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Inflation Hits Bank Of England Target Of 2%

Lower food prices helped inflation fall back to the Bank of England's target rate of 2% for the first time in over four years in December. The CPI measure eased by 0.1% month-on-month, according to the Office for National Statistics (ONS), with lower...

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Immigration Cap Bad For Economy, Govt Warned

A cap on immigration will make it harder for Britain to drive down the deficit, the Government's economic forecasters have warned. The chairman of the Office for Budget Responsibility said immigration had been good for the country and boosted the nation's...

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