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Bank of England drops interests rates to new low, Walmart wants to buy Jet.com, and more news.

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Bank of England
Cut interest rates for the first time since 2009, in an attempt to lessen Brexit effects. The benchmark interest rate drop to 0.25% is the lowest in the bank's 332-year history.

Walmart
Is in talks to buy jet.com, a year-old etailer trying to take on Amazon. The startup could be worth as much as $3B, which would make it one of Walmart's biggest-ever acquisitions.

Time Warner
Bought a 10% stake in Hulu, making the service worth $5.8B. Time's deal exempts it from the main $7.99 plan, which includes current-season shows.

Moon Express
A private company got unprecedented US clearance to fly to the moon. The FAA OK'ed Moon Express's plan for a tiny, unmanned craft, although the 2017 launch still needs approval.

Quote
"As recent figures on jobs and growth have shown, we enter this period of adjustment from a position of economic strength."
Philip Hammond, Chancellor of the Exchequer, responding to the interest rate cut


Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo

Published in: News & Politics
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