BBC News 24
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Today for Lloyds, good news for the bank and for the shareholders, a 158% rise in profits, £4 billion. The cost of essential repairs to school buildings in England has already reached almost £7 billion, according to the National Audit Office. In a report published today, it warns that figure could double by 2020. But ministers have also spent money on creating places in new free schools, some of which are under-subscribed.
The Economic Times
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Take this! Shares of Eicher Motors, which enjoy a competitive advantage with its Bullet range of motorbikes, have surged over 7,721% in last 10 years.
ESPN Cricinfo - Live Scores
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MarketWatch Headlines
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ITV
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If you have other issues, do get in touch. In his first live TV interview since his wife Jo Cox was killed, Brendan Cox joins us next to reveal how the Royal family are now helping to continue the MP's legacy. Now let's get the news, travel and weather where you are. Just coming up to 7:15.
The Week
27 minutes
Company news, markets and financial talking points, available from 8am Monday to Friday Lloyds profits boosted by PPI drop Lloyds has reported a 158% increase in annual pre-tax profits to £4.24bn thanks to a reduction in payment protection insurance provisions from £4bn to £1bn. However, underlying profits fell to £7.9bn, down from £8.1bn. As the banks post their annual results, HSBC yesterday reported a $7.1bn5.7bn) pre-tax profit for 2016, down 62% on the $18.9bn reported a year earlier. Asda defiant as poor Christmas sales revealed Struggling Asda came out fighting yesterday after it was revealed as the biggest loser over Christmas, with its sales dropping nearly 3%. Its poor quarter pushed its overall sales for the year down by 5.7%. The chain – which is battling a price war with the discounters Aldi and Lidl and stronger performances from its big four rivalsclaimed there are signs its business is starting to recover.
The Iran Project
32 minutes
Previously, US President Donald Trump dubbed Iran the number one terrorist state. I don't know Putin, have no deals in Russia, and the haters are going crazy — yet Obama can make a deal with Iran, #1 in terror, no problem! — Donald J. Trump (@realDonaldTrump) February 7, 2017 ​In response, the Kremlin signaled that it does not agree with the US approach. We do not agree with this approach, Russian presidential spokesman Dmitry Peskov told reporters, We have cooperated on a range of issues [with Iran]. We value our trade and economic ties which, we hope, will further develop. Speaking to the broadcaster Al Mayadeen on Sunday, Iranian Parliament Chair Ali Larijani highlighted that Iran strives for a strategic partnership with Russia in the [Middle East]. According to Moghaddasi, this move on the part of Tehran is justified.
ITV
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It's seen as a bit of a referendum on the leadership of Jeremy Corbyn. It's also known as the capital of Brexit. 7/10 people voted to leave the EU. Paul models of the UKIP's has had voted to leave the EU. Paul models of the UKIP's has voted to leave the EU. Paul models of the UKIP's voted to leave the EU. Paul models of the voted to leave the EU. Paul models of voted to leave the EU. Paul models voted to leave the EU. Paul voted to leave the EU. Paul Nuttall has had some problems voted to leave the EU.
ESPN Cricinfo - Live Scores
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The Iran Project
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The Iran Project
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Tehran Times- The European Union’s trade with Iran amounted to €13.7 billion in 2016, a 78 percent rise compared to 2015, based on the latest figures released by the European Union’s statistics agency Eurostat. The figure was €7.68 billion in 2015, Tasnim news agency reported. Iran’s exports to the EU stood at €5.46 billion in 2016, with 4.5-fold rise from €1.23 billion in the preceding year. The noticeable increase is due to the EU’s resumption of oil imports from Iran. After the lifting of sanctions against the country in January 2016, Iran’s been trying to regain its traditional clients in countries like Greece and Italy as a priority. While the EU’s imports from Iran rose noticeably in 2016, its exports to the country increased just by 27 percent and reached8.24 billion from €6.45 billion in 2015. In April 2016, Iran and the EU issued a joint statement in Tehran setting the road map for cooperation.
Mashable
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Reuters
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MSNBC
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The Economic Times
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The Economic Times
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Top Speed
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Mercedes brought back the S-Class Coupe for the 2015 model year and with it came the best design, technology, and luxury features the German automaker had to offer at the time. It was heavily based on the S-Class Coupe Concept that debuted in Frankfurt back in 2014 and came with one of two engines: a 3.0-liter V-6 with 367 horsepower and 354 pound-feet of torque or a 4.7-liter V-8 with 449 horsepower and 516 pound-feet of torque. It’s only been a couple of years since the new S-Class entered the market, and Mercedes is now busy preparing the car’s first facelift – a venture that should manifest itself for the 2018 model year. Little is known about the facelift at this point but considering it’s Mercedes that we’re talking about, there isnt going to be much. Expect to see new exterior light units, new front and rear fascias, and a few minor changes inside – maybe even a new instrument cluster or steering wheel.
ESPN Cricinfo - Live Scores
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ESPN Cricinfo - Live Scores
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The Economic Times
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NEW DELHI: It's official now. Demonetization, announced by PM Narendra Modi on November 8, did not have any impact on international trips to and from India in the October-December, 2016, quarter. These three winter months - which happen to be the peak inbound months for travel to India - saw the maximum international travel in all the four quarters last year. Thanks to a robust inflow of 71.7 lakh international flyers, the overall foreign travel (arrivals plus departures) in the October-December quarter, 2016, was 1.38 crore - up 10.4% from 1.25 crore in the same quarter previous year (2015). "There was no impact of demonetization 40,000 feet above sea level. People who had to travel, travelled. The numbers show that there were no cancellations due to the November 8 announcement," said Manoj Chacko, CEO business travel at SOTC.Karan Anand of travel major Cox & Kings also said that people did not change their travel planes due to the demonetization.
The Economic Times
2 hours
AccorHotels said a plan to turn property unit HotelInvest - whose assets are worth $7 bn into a subsidiary in 2017 would give it significant headroom for expansion.
Japan Times
2 hours
The nation's department stores posted a record ¥21.7 billion in sales of duty-free goods to foreign visitors in January, according to industry data. Sales of ...
Daily Mail - USA
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The Economic Times
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65 lakh Interest rate: 9 per cent EMI: Rs 5,983 Total interest cost (over 20 years): Rs 7.70 lakh Net reduction in EMI: Rs 2,114 Net savings in interest: Rs 2, 72,445 III. Next, let's consider someone with an income up to Rs 18 lakh (Maximum subsidised loan of Rs 12 lakh; Subsidy: 3 per cent) Original loan amount: Rs 12 lakh Interest rate: 9 per cent EMI: Rs 10,796 Total interest cost (over 20 years): Rs 13.91 lakh At 6.5 per cent (subsidy), the NPV of the interest subsidy amount comes to Rs 2,30,000. Revised loan amount: Rs 9.7 lakh Interest rate: 9 per cent EMI: Rs 8,727 Total interest cost (over 20 years): Rs 11.24 lakh Net reduction in EMI: Rs 2,069 Net savings in interest: Rs 2, 66,649 Conclusion The actual interest rate may be different from the 9 per cent considered above. Currently, marginal cost of funds based lending rate (MCLR)-linked home loan rate is hovering around 8.