5 Things You Need To Know, Today, on Friday 9th August 2019
Justin Waite
5 Things You Need To Know
05:21, 9th August 2019

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5 Things You Need To Know, Today, on Friday 9th August 2019

5. A late flurry of deadline-day signings took Premier League spending for the summer up to £1.41bn, just short of the £1.43bn record set in 2017.

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4. Uber's shares dropped 13% in after hours trading even though they revealed total revenue rose 14.4% to $3.2bn which fell short of analysts' estimates of $3.4bn.

Their costs also rose 147% to $8.7bn in the quarter, including a sharp rise in spending for research and development.

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3. A former top trade adviser to Donald Trump has told the BBC "there is a level of panic" around Brexit "that is not justified".

Stephen Vaughn, who served as acting trade representative before becoming general counsel on trade, stressed the UK has "enormous leverage" in a potential trade deal with the US.

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2. China’s factory gate prices shrank for the first time in three years in July, stoking deflation worries and putting pressure on Beijing to deliver more stimulus as the economy splutters amid an intensifying trade war with the United States.

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1. Chancellor Sajid Javid has announced a one-year spending review to give government departments "financial certainty" as they prepare for Brexit.

Mr Javid said a "fast-tracked" spending round for 2020-21 would "clear the ground ahead of Brexit while delivering on people's priorities".

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