London could lose out as ECB seeks control of euro clearing after Brexit

European Central Bank’s bid for more powers represents challenge to City’s dominance of £880bn-a-day business

London is facing renewed pressure over its dominance of the €1tn (£880bn)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business.

The move by the Frankfurt-based ECB – the central bank for the 19 countries using the euro – follows a report by the European commission that called for the EU to have more powers over clearing of financial products denominated in euros after Brexit.

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Facebook expands its hate-fighting counterspeech initiative in Europe

 Facebook has launched a third counterspeech initiative in Europe, partnering with the not-for-profit Institute for Strategic Dialogue for the launch of the Online Civil Courage Initiative (OCCI), which is aimed at tackling online extremism and hate speech. Read More

One year on from Brexit vote: business’s winners and losers

It’s been a poor year for the pound, savers and UK-focused retailers but firms with sizeable foreign earnings have prospered

Britain’s consumers and UK-focused firms are among the biggest losers one year on from the shock Brexit vote that drove the value of the pound to its lowest level in more than 30 years.

On the first anniversary of the EU referendum, financial services company Hargreaves Lansdown said clear winners and losers have emerged, with the pound taking the biggest hit on the markets. Blue chip companies with a large proportion of foreign earnings are among the biggest winners.

Related: UK households cut back as Brexit effect on pound hits living costs

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ABBYY’s new version of TextGrabber is a super useful OCR and translation app

ABBYY has been being doing optical character recognition software since forever, but it’s now brought its software to mobile. If you want to capture text and make it actionable (click on links or ping out to map directions) this is an extremely useful app. Its new ABBYYs TextGrabber 6.0 for iOS has just gone live on the Apple App store and it has real-time recognition capabilities and… Read More

Athens: thousands of public-sector workers march against austerity

Protest, for better employment rights, is latest in series that has hindered rubbish collection in major cities in Greece

Greece has been hit by fresh strike action as thousands of public sector workers marched through Athens in protest against the debt-ridden country’s austerity programme.

Related: Creditors agree terms to disburse Greece’s €8.5bn bailout funds

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The company called Blockchain raises $40 million

 Blockchain (the company) just raised a $40 million Series B funding round led by Lakestar. Blockchain has been working on the most popular bitcoin wallet in the world. You can open a wallet on the company’s website or through its mobile apps. GV, Nokota Management, Digital Currency Group and existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings,… Read More

DeepMind Health inks another 5-year NHS app deal in face of ongoing controversy

 DeepMind Health, the division of the Google-owned AI company that’s applying machine learning to medical data in the hopes of profiting from diagnostic gain, has inked another services agreement with the UK’s National Health Service — expanding the deployment of its alerts, messaging and task management app, Streams. Read More

How has the Brexit vote affected the UK economy? June verdict

How has the economy reacted to the vote to leave the EU on 23 June 2016? Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK

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