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Aviva Investors to land City star Cumming

Sky News has learnt that David Cumming‎ is in advanced discussions about a senior role running the equities division of Aviva Investors, which manages assets worth more than £350bn. Sources close to the insurance‎ company, which boasts a market value of close to £20.5bn, said it was possible that …

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Spotify and Tencent Music buy stake in each other

Two of the world’s most popular online music streaming services are buying shares in one another.Spotify and China’s Tencent Music Entertainment will buy minority stakes in each other, the companies have said.Neither the value of the deal nor the new shareholding sizes were disclosed, but reports have suggested they …

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North Korea 'hacking soaring Bitcoin exchanges'

North Korea is seeking to profit from Bitcoin’s surging value by hacking Bitcoin exchanges, security researchers have told Sky News. Ashley Shen, an independent security researcher, said: “We assume one of the reasons why Bitcoin is being attacked is because the price keeps increasing and we think it’s reasonable …

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Ex-Tory MP Tyrie in frame to be new CMA chair

Andrew Tyrie, the former Conservative MP and chairman of the Treasury Select Committee, is being lined up to head Britain’s main competition regulator. Sky News has learnt that Greg Clark, the Business, Energy and Industrial Strategy Secretary, is keen to appoint Mr Tyrie as the next chairman of the …

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US jobs growth stronger than expected

US jobs growth was better than expected in November, with payrolls rising by 228,000.Service, health care and manufacturing firms helped to drive the gains, holding the unemployment rate held steady at 4.1%.Economists had expected an increase of about 200,000 jobs, but early festive season hiring and a rebound after …

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