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Eight reasons Leave won the UK's referendum on the EU

What started off as a trickle soon became a steady stream and ended up as a flood.
The public was bombarded with warnings about how they would be poorer if they voted to leave the EU but, in the end, weren't convinced by what they were told and/or believed it was a price worth paying.
The CBI, the IMF, the OECD, the IFS - an alphabet soup of experts lined up to say economic growth would be hobbled, unemployment would go up, the pound would plummet and British business would be left in a no man's land outside the EU.


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Peter Frankopan: The events of 1498 changed our world

2016 has been a momentous year. BBC Radio 4's Today programme asked top historians whether there were parallels with years gone by.
For many, the world of 2016 has felt strange, unfamiliar and threatening. Brexit, the election of Donald Trump, the refugee crisis, the horror of Aleppo, and fear of religious and political fundamentalism have all been unsettling.


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Monte dei Paschi sees funding gap grow

Italian lender Monte dei Paschi is facing a capital shortfall of €8.8bn (£7.5bn), higher than the €5bn previously estimated by the bank, the European Central Bank has said.
It comes after Italy approved a €20bn fund to prop up its embattled banking sector on 23 December.
Monte dei Paschi had asked for a capital injection to stay afloat.
It is carrying a mountain of bad loans made to customers who cannot afford to repay them.
In a statement from the bank on Monday, it confirmed it had officially asked the ECB to go ahead with a "precautionary recapitalisation".


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Hack attack drains start-up investment fund: Time Business News

Hackers have taken control of virtual cash worth $60m (£41m) by exploiting a bug in a system designed to help start-ups.
The attack targeted an investment fund called the DAO which is based on technology derived from the Bitcoin crypto-currency.
DAO members are now debating how to recover the diverted funds.
One suggestion involves rolling back the entire computerised system to a time when the hack had not happened.
'Nightmare scenario'


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Blockchain bandits hit crypto start-ups: Time Business News

In early September, developer Stephanie Kent watched the approach of Hurricane Hermine with growing trepidation.
A hurricane making landfall is never welcome but it looked set to strike Ms Kent's home in Florida at the worst possible time.
Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton - a services firm based around a variant of Bitcoin's underlying technology, the blockchain.
Ms Kent and her coding team had just recovered from one attack and had seen early signs that another was under way.


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Bitcoin enjoys end of year price surge: Time Business News

The value of the Bitcoin virtual currency has hit a three-year high with each one now worth about $900 (£730).
At the start of 2016, single coins were only worth around $435 but their value has climbed steadily all year.
The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen.
Experts said the rise in value was linked to the long-term depreciation of the Chinese Yuan.
Stolen coins


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ADVERTISEMENT Deutsche Bank agrees $7.2bn penalty with US regulators:Time Business News

Germany's Deutsche Bank says it has agreed a $7.2bn (£5.9bn) payment to US authorities over an investigation into mortgage-backed securities.
The sum, which needs final approval, is far lower than the $14bn the US had asked the bank to pay in September.
That looming fine had caused concerns that a failure of the bank could pose a risk to the global financial system.
Credit Suisse also announced a similar deal, while Barclays is now under investigation too.
The sale of residential mortgage-backed securities played a significant role in the 2008 financial crisis.


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Lord King says Brexit brings 'real opportunities

Lord King, the former governor of the Bank of England, has said that the UK should be "self-confident" about leaving the European Union.
He said there were "real opportunities" for economic reform and new trade deals which meant Brexit could be a success.
He highlighted agricultural reform and a developing relationship with the Republic of Ireland as areas where the UK could be positive.
After Brexit, the Irish border will be the only EU-UK land border.


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