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19 Jul 5:07pm Updated Covid: Two jabs needed to enter nightclubs from September
BBC
People will need to be fully vaccinated to enter venues where large crowds gather, the government says.
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MPs raise alarm as Chinese private equity sets its sights on UK tech 19 Jul 4:53pm MPs raise alarm as Chinese private equity sets its sights on UK tech
BBC
Buyout firms with links to Beijing have been quietly swooping on a string of science, technology and engineering firms. MPs claim some of the firms effectively act as proxies for China.
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Chinese giant Tencent wrestles for control of UK video games firm Sumo 19 Jul 4:52pm Chinese giant Tencent wrestles for control of UK video games firm Sumo
BBC
Tencent, founded by Chinese billionaire Pony Ma (pictured), swooped on Sumo Group with a £920m takeover bid, which was was backed by the British video games studio's management .
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19 Jul 4:51pm Updated Global shares slide amid Covid economic recovery fears
BBC
Stock markets in the UK, the US and Europe fall on concerns that rising cases may impede a recovery.
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19 Jul 3:02pm FTSE 100 wobble shows that escaping restricted economy is likely to be messy
The Guardian
Rising Covid cases, the ‘pingdemic’ and concerns over consumer caution are creating tension in stocks
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FTSE 100 slumps to its lowest level since May 19 Jul 2:22pm Updated FTSE 100 slumps to its lowest level since May
The Guardian
It fell 2.3 per cent to 6,844.4p on Monday as the overwhelming majority of firms registered on the blue-chip index saw their share price decline, with the biggest faller being Rolls-Royce Holdings.
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19 Jul 1:52pm UK bus privatisation breached basic rights, says ex-UN rapporteur
The Guardian
Report blasts ‘more expensive, unreliable’ routes outside London that have cut people off from communities and essential services Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapporteur on human rights. Many people in Britain had lost jobs and benefits, been forced to give up on education, or been cut off from communities and healthcare as bus services grew more expensive, unreliable, and dysfunctional after the 1985 reform, the inquiry found.
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19 Jul 1:44pm Updated Two jabs needed to enter nightclubs from September
BBC
People will need to be fully vaccinated to enter venues where large crowds gather, the government says.
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19 Jul 1:18pm ‘Step one to normality’: shoppers and workers test ‘freedom day’
The Guardian
From Stockport to Westminster, people in England ventured back out – masked or maskless – on the first day of reopening
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19 Jul 1:05pm UK bus privatisation beached basic rights, says ex-UN rapporteur
The Guardian
Report blasts ‘more expensive, unreliable’ routes outside London that have cut people off from communities and essential services Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapporteur on human rights. Many people in Britain had lost jobs and benefits, been forced to give up on education, or been cut off from communities and healthcare as bus services grew more expensive, unreliable, and dysfunctional after the 1985 reform, the inquiry found.
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19 Jul 1:04pm Updated FTSE 100 in £44bn tumble as Covid fears hit global markets – business live
The Guardian
Rolling coverage of the latest economic and financial news, as global selloff wipes £44bn off London’s blue-chip index
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19 Jul 12:44pm Zoom bets billions on home working continuing in Five9 deal
BBC
The firm announces a $14.7bn (£10.7bn) deal to buy Five9, a cloud-based call centre operator.
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19 Jul 12:30pm US trading app Robinhood aims for $35bn valuation in IPO
The Guardian
Flotation follows rise in young people joining, often buying meme stocks such as GameStop Robinhood, the US trading app at the centre of the buzz surrounding meme stocks such as GameStop and the cinema company AMC, and cryptocurrencies such as dogecoin, is hoping to float on the New York stock market at a valuation of up to $35bn (£26bn). The online brokerage, which states its mission is to “democratise” investing, revealed the details of its initial public offering plans in a stock market filing on Monday, setting the stage for one of the most highly anticipated IPOs of the year.
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19 Jul 12:19pm UK bus privatisation has caused poverty and job losses, says UN
The Guardian
Report blasts ‘more expensive, unreliable’ routes outside London that have cut people off from communities and essential services Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapporteur on human rights. Many people in Britain had lost jobs and benefits, been forced to give up on education, or been cut off from communities and healthcare as bus services grew more expensive, unreliable, and dysfunctional after the 1985 reform, the inquiry found.
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19 Jul 12:08pm Ocado shares fall as it cancels orders after robot fire
The Guardian
Customers in London and south-east England hit by cancellations after fire caused by three robots colliding Ocado’s share price has sunk to its lowest level in more than a year after it was forced to cancel thousands of orders following a fire caused by a robot collision at one of its warehouses. Customers concentrated in London and south-east England have had food deliveries cancelled after the fire on Friday at the fulfilment centre in Erith, south-east London.
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19 Jul 11:54am Updated Wall Street joins sell-off as Covid-19 worries hit global markets – business live
The Guardian
Rolling coverage of the latest economic and financial news
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19 Jul 11:21am Zoom bets billions on hybrid working in Five9 deal
BBC
The firm announces a $14.7bn (£10.7bn) deal to buy Five9, a cloud-based call centre operator.
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19 Jul 11:11am Walmart told to pay woman with Down’s syndrome $125m for unfair dismissal
The Guardian
Wisconsin employee Marlo Spaeth wins discrimination lawsuit but Walmart says amount will be reduced to $300,000 A jury in federal court in Wisconsin ordered Walmart to pay $125m in punitive damages to a former employee with Down’s syndrome in a disability discrimination lawsuit, US employment officials announced.
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19 Jul 11:11am Updated Post Office Horizon scandal: More subpostmasters cleared
BBC
The Court of Appeal clears 12 more former subpostmasters who were wrongly convicted.
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19 Jul 10:55am Greene King closes 33 pubs after staff told to self-isolate
The Independent
Pubs face shortages as staff ‘pinged’ by NHS app after close contact with infected person
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One in three think their parents will need to sell their homes to pay for care 19 Jul 10:40am Updated One in three think their parents will need to sell their homes to pay for care
The Independent
A third of people think their parents will need to pay for care later in life but many fear they lack the means to afford it.
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19 Jul 10:21am UK and allies accuse Chinese state-backed group of Microsoft hack
The Guardian
British foreign secretary says Beijing will be held to account if it does not stop ‘systematic cyber sabotage’ Britain has joined with the US and other allies in formally accusing Chinese state-based hacking groups of being behind the exploitation of an estimated 250,000 Microsoft Exchange servers worldwide earlier this year. The UK foreign secretary said the cyber-attack amounted to “a reckless but familiar pattern of behaviour”, in an announcement released on Monday.
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19 Jul 10:17am Wall Street joins sell-off as Covid-19 worries hit markets – business live
The Guardian
Rolling coverage of the latest economic and financial news
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Physio outlines bad driving posture that can cause long-term injuries 19 Jul 10:03am Physio outlines bad driving posture that can cause long-term injuries
The Guardian
Victoria Joyce, a clinical tutor at Liverpool Hope University, says drivers can adopt poor positions - such as having the seat too far back or gripping the wheel incorrectly - that our bodies hate.
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19 Jul 10:00am Edward Snowden calls for spyware trade ban amid Pegasus revelations
The Guardian
NSA whistleblower warns of world in which no phone is safe from state-sponsored hackers if no action taken Governments must impose a global moratorium on the international spyware trade or face a world in which no mobile phone is safe from state-sponsored hackers, Edward Snowden has warned in the wake of revelations about the clients of NSO Group. Snowden, who
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19 Jul 9:33am Bank of England expert: tight policy not the right policy on inflation
The Guardian
Monetary policy committee member warns against choking off UK economy to combat inflation The Bank of England would risk choking off recovery with an over-hasty tightening of policy to combat a temporary rise in inflation, one of its policymakers has said. Prof Jonathan Haskel, one of the eight members of Threadneedle Street’s interest rate-setting monetary policy committee (MPC), said the twin headwinds of the Delta variant of the coronavirus and the withdrawal of support from the government meant “tight policy is not the right policy”.
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Nick Train: Finsbury Growth & Income picked up as value rally faded 19 Jul 9:09am Updated Nick Train: Finsbury Growth & Income picked up as value rally faded
The Guardian
'We underperformed during the first quarter because investors were chasing beaten-up UK value and recovery stocks - which we do not own,' said Train.
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19 Jul 8:59am Bezos to attempt his most ambitious delivery yet with Blue Origin spaceflight
The Guardian
First human spaceflight of Blue Origin’s sub-orbital New Shepard rocket to launch in Texas
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Meet the duo that started gluten-free White Rabbit pizza range with £25k 19 Jul 8:27am Meet the duo that started gluten-free White Rabbit pizza range with £25k
The Guardian
Matteo Ferrari and Nick Croft-Simon launched their gluten free vegan pizza brand White Rabbit in 2015 and it now sells in Sainsburys and Waitrose.
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19 Jul 8:26am Ocado shares plunge as it cancels orders after robot fire
The Guardian
Customers in London and south-east England hit by cancellations after fire caused by three robots colliding Ocado’s share price has sunk to its lowest level in more than a year after it was forced to cancel thousands of orders following a fire caused by a robot collision at one of its warehouses. Customers concentrated in London and south-east England have had food deliveries cancelled after the fire on Friday at the fulfilment centre in Erith, south-east London.
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19 Jul 8:24am Tight policy not the right policy, says Bank of England expert
The Guardian
Monetary policy committee member warns against choking off UK economy to combat inflation The Bank of England would risk choking off recovery with an over-hasty tightening of policy to combat a temporary rise in inflation, one of its policymakers has said. Prof Jonathan Haskel, one of the eight members of Threadneedle Street’s interest rate-setting monetary policy committee (MPC), said the twin headwinds of the Delta variant of the coronavirus and the withdrawal of support from the government meant “tight policy is not the right policy”.
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19 Jul 8:13am UK pubs and restaurants struggling to find staff before ‘pingdemic’ crisis
The Guardian
Hospitality firms had more than 100,000 vacancies between April and June, says ONS
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19 Jul 7:57am London attracts almost half of foreign investment into UK, says ONS
The Guardian
New figures highlight challenge faced by government in levelling up the British economy The government’s challenge in
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SMALL CAP IDEA: Lords Group Trading on the front foot 19 Jul 7:34am SMALL CAP IDEA: Lords Group Trading on the front foot
The Guardian
Lords' London Stock Exchange float is expected to value the business at £150million. Crucially, it will provide management with £30million of cash.
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19 Jul 7:14am Appeal court quashes 12 more convictions in Post Office IT scandal
The Guardian
Former post office operators were wrongly convicted of offences due to defective Horizon IT system The court of appeal has cleared 12 more former post office operators who were wrongly convicted of offences because of the Post Office’s defective Horizon IT system. In April, 39 former post office operators who were convicted and in some cases jailed for theft, fraud and false accounting
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London rakes in £107m extra from ULEZ and zone expands in 14 weeks 19 Jul 7:10am Updated London rakes in £107m extra from ULEZ and zone expands in 14 weeks
The Guardian
The figures, uncovered by the AA, are revealed just months before ULEZ expands from the current small central zone to cover a huge swathe of residential London.
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Sanlam Artificial Intelligence: Fund uses AI...to find best AI investments 19 Jul 6:33am Updated Sanlam Artificial Intelligence: Fund uses AI...to find best AI investments
The Guardian
The growing presence of AI in our everyday lives is apparent everywhere from healthcare to online shopping and this fund aims to tap into it.
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MIDAS SHARE TIPS UPDATE: Sugar-free Tate & Lyle looks good value 19 Jul 6:28am Updated MIDAS SHARE TIPS UPDATE: Sugar-free Tate & Lyle looks good value
The Guardian
Midas recommended Tate & Lyle in 2015, when the shares were £6.08. Today, the shares are £7.29. Existing shareholders should retain their stock. New investors could pick shares at current levels.
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Over a million households have been affected by Supplier of Last Resort process in last 2.5 years 19 Jul 6:18am Over a million households have been affected by Supplier of Last Resort process in last 2.5 years
The Guardian
Providers that have failed in recent years include Tonik, Toto Energy, Solarplicity, Our Power, GnERGY and Go Effortless.
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Stamp duty rush could lead to spike in claims for expensive legal mistakes 19 Jul 6:01am Stamp duty rush could lead to spike in claims for expensive legal mistakes
The Guardian
Surveyors and conveyancing solicitors have been under huge pressure to complete sales - and experts predict a rise in homeowners making legal claims after they discover mistakes.
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19 Jul 6:00am How a powerful US lobby group helps big oil to block climate action
The Guardian
The American Petroleum Institute receives millions from oil companies – and works behinds the scenes to stall or weaken legislation When Royal Dutch Shell published its
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Soho House founder Nick Jones prepares to float his empire in New York 19 Jul 5:38am Updated Soho House founder Nick Jones prepares to float his empire in New York
The Guardian
Nick Jones (pictured), the founder and chief exec of the Soho House chain of private members clubs, describes its upcoming listing as 'nerve-wracking and exciting in the same measure.'
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19 Jul 5:26am China’s Tencent agrees to buy UK video games firm Sumo for more than £900m
The Guardian
Move expands Chinese tech company’s presence in the global video games market China’s Tencent has agreed to buy the
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19 Jul 4:56am Sir Martin Sorrell’s S4 Capital reports ‘post-pandemic rebound’ in economy
The Guardian
Advertising and marketing company upgrades profits despite growth of Delta Covid variant
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RUTH SUNDERLAND: Gender gap hits UK economics 19 Jul 4:30am Updated RUTH SUNDERLAND: Gender gap hits UK economics
The Guardian
The under-representation of women is important. It affects what questions economists ask and address, and the nature of the advice they give on public policy and to companies.
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Chancellor Rishi Sunak is braced for an increase in interest bill 19 Jul 4:23am Updated Chancellor Rishi Sunak is braced for an increase in interest bill
The Guardian
Consumer price inflation surged to 2.5 per cent in June, leading to concerns at the Bank of England that monetary policy may have to be tightened as soon as August 5.
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19 Jul 4:13am China’s Tencent buys UK video games developer Sumo for more than £900m
The Guardian
Move expands Chinese tech company’s presence in the global video games market China’s Tencent has bought the
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19 Jul 3:47am Thousands of orders cancelled after Ocado robot fire
BBC
The online grocer says the blaze was caused by a collision between robots at one of its warehouses.
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19 Jul 3:40am FTSE 100 hits two-month low amid growth and Covid-19 worries – business live
The Guardian
Rolling coverage of the latest economic and financial news
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How thieves steal catalytic converters - and how to protect yours 19 Jul 3:22am Updated How thieves steal catalytic converters - and how to protect yours
The Guardian
The catalytic converters are part of a vehicle's exhaust and are designed to filter out harmful emissions. Thieves target them because they contain precious metals.
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19 Jul 3:15am ‘Frenzied buyer activity’ drives UK house prices to new high
The Guardian
Property site Rightmove says it expects official figures to show June was busiest month ever for sales Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove. The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom.
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19 Jul 3:13am Markets hit by worries over growth and Covid-19 cases – business live
The Guardian
Rolling coverage of the latest economic and financial news
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Am I paying tax on my state pension twice? Steve Webb replies 19 Jul 2:47am Am I paying tax on my state pension twice? Steve Webb replies
The Guardian
It does not feel logical to reduce my personal allowance to get the taxes in one instance and then charge me tax on the state pension again in my return.
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19 Jul 2:09am Updated FTSE 100 closes the week with losses, Asian stocks open lower as Sensex down over 350 points
The Independent
UK mining stocks tumble and the US drag indexes down as Covid worries spook investors
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19 Jul 2:09am ‘I’ll be wearing a mask’: businesses and staff wary as England unlocking begins
The Guardian
Bira chief says guidelines fail to reflect rise in coronavirus cases, as workers fear employers won’t protect them
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19 Jul 2:00am Teachers’ Pensions delays have left me beyond hope
The Guardian
My husband died, and a year later I still can’t get his pension transferred
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19 Jul 2:00am Can we get a buy-to-let mortgage and use the house as a holiday let?
The Guardian
We’re hoping we could save as the tax incentives for furnished holiday lets are better
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19 Jul 1:56am US father and son jailed in Tokyo for helping Carlos Ghosn flee Japan
The Guardian
US army special forces veteran Michael Taylor was sentenced to two years and his son Peter for one year and eight months A Tokyo court has handed down the first sentences related to Carlos Ghosn’s
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19 Jul 1:00am MPs call for ‘long overdue’ reform of council tax property values in England
The Guardian
Tax is becoming increasingly regressive to the detriment of more deprived areas, committee says MPs are urging the government to carry out a “long overdue” reform of council tax property values in England. The housing, communities and local government committee said the tax was becoming increasingly regressive to the detriment of more deprived areas.
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19 Jul 12:56am Carlos Ghosn: Father and son sentenced for helping ex-Nissan boss escape
BBC
Michael and Peter Taylor were convicted of helping ex-Nissan boss Carlos Ghosn escape Japan in 2019.
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18 Jul 7:36pm Government to slash red tape for trade with developing countries
The Independent
UK wants to build on international efforts to give special trade treatment for poorer nations
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18 Jul 7:04pm Covid: Face mask rules relax but what do workers think?
BBC
It is no longer a legal requirement to wear a face covering in England, but some employees are nervous.
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Public companies issued lowest ever number of profit warnings this spring 18 Jul 7:01pm Public companies issued lowest ever number of profit warnings this spring
BBC
Only 32 listed firms said their earnings were set to be worse than forecast in the second quarter, EY-Parthenon research found, indicating businesses are bouncing back from Covid.
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18 Jul 7:01pm CBI and Marks & Spencer join calls for government to tackle ‘pingdemic’
The Guardian
Staff shortages threaten to close supermarkets and production lines, says lobby group that wants self-isolation rules loosened
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18 Jul 7:01pm ‘Frenzied buyer activity’ drives house prices to new high
The Guardian
Property site Rightmove says it expects official figures to show June was busiest month ever for sales Months of “frenzied buyer activity” have driven the average asking price for a home in Britain to a new high, according to the property website Rightmove. The property portal said it expected figures from HMRC due later this week to show that June was the busiest month on record for sales, with buyers rushing to complete before stamp duty rules change in parts of the United Kingdom.
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