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Snapchat to cut a fifth of jobs

Snapchat will lay off 20% of its staff and shut down a string of new projects. About 1,200 employees will lose their jobs in the restructuring which had been expected after a year of poor financial results. The company was worth $130bn (112bn) a year ago. It’s now valued at less than $20bn (£17bn). Snapchat […]

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Twitter gives in to user requests for edit button

Twitter is finally giving its users the new feature they have most requested – an edit button. “If you see an edited Tweet, it’s because we’re testing the edit button. This is happening and you’ll be OK,” the company tweeted. It is currently testing the feature and will roll it out in the coming weeks […]

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Japanese yen slips to 24-year low against dollar

The Japanese yen has declined to its lowest level against the US dollar since August 1998, prompting the government to weigh action. The boost in the dollar stems from data suggesting the labour market of the world’s biggest economy is recovering. On Thursday, the currency pair breached the key psychological level of 140 yen against […]

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US jobs growth slows in August

US employers added 315,000 new jobs in August, far fewer than in July, as fears rise that the labour market is heading for a slowdown. The jobless rate rose to 3.7% from 3.5%, according to the figures from the US Labor Department. The report comes on the back of recent data which showed the world’s […]

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