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Amazon warehouse firm GLP bought for $11.7bn

A firm that rents warehouses to online retailer including Amazon and Alibaba is to be sold for $11.7bn (£9bn).The buyout of Singapore-based Global Logistic Properties (GLP) by a China-led consortium will be one of Asia’s biggest ever private equity deals.GLP manages 55 million square metres of logistics facilities in …

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Liar! Liar!

Most people seem to agree that “fake news” is a big problem online, but what’s the best way to deal with it? Is technology too blunt an instrument to discern truth from lies, satire from propaganda? Are human beings better at flagging up false stories?During the run-up to the …

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‘Smart’ vending machine could sell alcohol and ammunition

A vending machine fitted with biometric security has been developed which could be used to dispense a variety of restricted goods including alcohol, ammunition and cannabis.The “secure” device attached to the machine identifies users by the veins in the fingers and verifies that they have the right to buy …

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Rail passenger satisfaction 'little changed in a decade'

Train operators handle passenger complaints and delays almost as badly as they did a decade ago, according to research from consumer group Which?. It also found punctuality levels on Britain’s railways were at their worst level in 10 years.The group said passengers were being “failed” and urged the government …

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Travel tax plan wins £250,000 Wolfson Economics Prize

A 27-year-old transport planner has won the £250,000 Wolfson Economics Prize for a plan to improve Britain’s roads. Gergely Raccuja proposed a distance-based charge to replace fuel duty and vehicle excise duty, with the money raised being used to boost investment in roads and improve air quality.He also said …

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