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European Stocks Edge Lower as Rising UK Inflation Raises Prospects of Rate Hike in Britain

European Stocks Edge Lower as Rising UK Inflation Raises Prospects of Rate Hike in Britain

Finance
Shutterstock photoEuropean equity benchmarks were struggling for direction on Tuesday morning after a jump in the UK's inflation rate prompted speculation that the Bank of England may raise interest rates at its next meeting in November and as car-manufacturers shifted into reverse.Britain's consumer price index ( CPI ) posted annual growth of 3% in September, up from 2.9% in August, according to data published by the Office for National Statistics. The increase in consumer prices is broadly expected to influence discussions at the Bank of England ahead of of its next monetary policy decision. Rising inflation, which has been a key theme since Britain's surprise referendum decision to leave the European Union (EU) last June, is generally expected to heighten the probability of a rate hike...
Equifax raises the impact of US data breach

Equifax raises the impact of US data breach

Technology
Equifax has revealed 2.5 million more Americans than previously thought may have had information compromised in a huge cyber security breach at the firm. The credit report giant said on Monday about 145.5 million of its US customers might have been affected, up from a previous estimate of 143 million. The update came a day before former boss Richard Smith testifies in Congress about the attack.Mr Smith apologised ahead of the hearing for the firm's failings.Critics say the company failed to take proper steps to guard information - such as Social Security numbers, birth dates and addresses - and waited too long to inform the public.Equifax disclosed the attack last month, estimating that about 400,000 Britons and 100,000 Canadians may also have had data compromised.On Monday, the firm raise...
Tata Industries raises Rs 250 crore via corporate bonds to refinance debt

Tata Industries raises Rs 250 crore via corporate bonds to refinance debt

Finance
MUMBAI: Tata Industries, the holding company for new-age businesses at Tata Group, raised Rs 250 crore by selling corporate bonds to Birla Sunlife Mutual Fund, Aditya Birla Finance and Kotak Mutual Fund as it looks to refinance existing debt and spend on general business purposes. Tata Industries issued 2,500 nonconvertible debentures (NCDs) of the face value of Rs 10 lakh each, according to documents seen by ET. Kotak Mutual Fund and Birla Sunlife Mutual Fund subscribed to Rs 100 crore worth of NCDs each while Aditya Birla Finance subscribed to Rs 50 crore worth of NCDs. ICICI Bank was the sole arranger of the private placement. "We do not share information on such matters. Suffice it to say that, from time to time, Tata Industries raises funds as part of its ongoing activities," a Ta...
Trump raises hacking in 'robust' Putin talks

Trump raises hacking in 'robust' Putin talks

World
Donald Trump has finally met Vladimir Putin face to face - with mixed results. The US President robustly raised allegations that the Russians hacked last year's election, according to secretary of state Rex Tillerson.Mr Putin rejected the charges.Officials said they also disagreed over North Korea - but they did agree to a new ceasefire in southwest Syria that will see the US, Russia and Jordan end hostilities and allow humanitarian access.Their much-anticipated meeting, on the fringes of the G20 summit in Hamburg, was more than an hour and a half longer than scheduled.Image:Donald Trump's meeting with Vladimir Putin lasted more than two hoursDonald Trump may have made progress with Russia but with the rest of the G20 America has been at odds on one issue after another.He does not see eye ...
Snapchat map update raises child safety worries

Snapchat map update raises child safety worries

Technology
An update to Snapchat that shows publicly posted images on a searchable map has raised safety concerns among parents.Snap Map lets people search for places such as schools and see videos and pictures posted by children inside.It also lets people locate their "friends" on a map that is accurate enough to determine where people live.Snap, the company behind Snapchat, stressed to the BBC that location sharing was an opt-in feature.Exact locationSnap Map was launched on Wednesday and was promoted as a "new way to explore the world".Video clips and photos that members have posted publicly can be discovered on the map, while members who have chosen to share their location can also be seen on the map by those they have added as "friends".However, members can add people they have never met to thei...