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Business investment in Britain fell in annual terms for the first time in three years in the first quarter amid uncertainty around a vote on the country's European Union membership. The Office for National Statistics confirmed the economy slowed in the January-March period, rising by a quarterly 0.4 percent as expected in a Reuters poll, and the data showed consumers continued to drive the economy. Business investment fell by 0.4 percent year-on-year in the first quarter after rising 3.0 percent in the fourth quarter of last year.
CAIRO (Reuters) - Egypt's air accidents chief said on Thursday that a vessel provided by French company Alseamar, which specialises in marine wreckage searches, will join within hours the hunt for the black boxes from crashed EgyptAir flight MS804. Ayman al-Moqadem said negotiations were also underway to contract a second firm to help in the search. The investigating team had also received radar imagery and audio recordings from Greece detailing the flight trajectory of the doomed plane and the last conversation between its pilot and Greek air traffic control, Moqadem said. ...
By Nigel Stephenson LONDON (Reuters) - Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and energy-related shares in Europe and Asia though worries about U.S. interest rates and signs of slowdown in China limited gains. Oil's rise took it to levels more than 80 percent above January's 12-year lows and was fuelled in part by a weaker dollar, which fell against the Japanese yen. European shares edged higher, led by the basic resources and oil and gas sectors.