Fake news story sends railroad stock soaring

Shares of Kansas City Southern soared last week after a fake Spanish website reported that it would be bought for a higher price than initially offered, reports Crystal Kim and Heather Perlberg of Bloomberg News.

Kim and Perlberg report, “But a dispatch last Thursday from a website called El Negocio said Blackstone and a partner were preparing a bid that raised the implied value by $3 billion.

“‘While we never comment on deal speculation, this appears to be a fake news website,’ Blackstone spokeswoman Paula Chirhart said Wednesday. ‘We’ve never heard of this organization and they did not contact us ahead of publication.’

“When a Bloomberg reporter called the phone number listed on El Negocio’s website, a man who said his

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Leeds tech entrepreneur launches pioneering website maintenance app 

A Leeds-based tech entrepreneur has launched a pioneering app designed to highlight the importance of website maintenance and power digital growth.

Phil Storey, a website developer with almost a decade of experience developed multi-functional app Glow to streamline the processes involved with website maintenance and transform perceptions of how important it is to keep websites up to date, efficient and secure.

Offering a full suite of website maintenance tools including backup functionality, uptime monitoring, high-level security, quick, hassle-free updates to the WordPress core, themes and plugins, as well as custom development work, Glow is beneficial to marketing agencies, web developers, and SMEs in need of website support.

Since going live in the middle of a global pandemic, the innovative technology has been snapped up by some of Leeds’s most renowned agencies and website developers, as well as over 40 end user clients.

Founder of Glow, Phil Storey said: “After exiting

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Sunak highlights “promising signs economy is recovering

Chancellor Rishi Sunak has said there were some “promising signs” that the country’s economy was recovering from its record economic crash during the coronavirus lockdown which was announced earlier today.

Sunak said growth of 8.7% in gross domestic product in June was encouraging, even as official data showed the economy contracted by 20.4% in the second quarter as a whole.

Sunak told broadcasters there was too much uncertainty to know if Britain would have a swift, V-shaped economic recovery.

“What we do know is that there are promising signs,” he said. “There’s still work to do and even as we recover many people are going to lose their jobs, already have lost their jobs, and we need to make sure that we are constantly focused on providing new opportunities for those people.”

Sunak reiterated his opposition to extending the government’s huge job retention scheme which is due to expire at

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