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US stock markets close higher

Wall Street traders
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US stocks closed higher, ahead of a long Memorial day weekend, after US President Donald Trump predicted a swift end to the ongoing trade war with China.

President Trump said on Thursday that Huawei Technologies could also be included in the trade deal, while at the same time calling the Chinese telecommunications giant "very dangerous."

However, no high-level talks have been scheduled since the last round of negotiations in Washington two weeks ago.

The Dow Jones rose 98.14 points, or 0.39%, to 25,588.61.

The S&P 500 gained 4.14 points, or 0.15%, to 2,826.38.

And the Nasdaq Composite added 8.73 points, or 0.11%, to 7,637.01.

Facebook tweaks 'threaten Instapoets'

Financial Times

Tweaks that Facebook made to Instagram algorithms in 2016 are threatening "Instapoets", the FT writes.

The changes, which Facebook said were introduced to boost content from accounts the user engaged with, have pushed Instagram posts from poets lower down in users' feeds, the article says.

British-Indian writer Nikita Gill tells the FT: "Instagram is making the platform more and more inaccessible for artists and small businesses unless we pay it money to boost our posts."

Instapoets have an appreciable chunk of UK poetry sales - more than 12% of the UK's £12m market - and use Instagram as a free platform to promote their work, the FT adds.

Arcadia closures 'to exceed 23 stores'

Miss Selfridge shopfront London
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Sir Philip Green's rescue plan for Arcadia will mean "substantially more" than 23 stores will close, the Guardian reports.

The number of closures will be at least double that the paper suggests, with Evans and Miss Selfridge bearing the brunt, with a greater impact on jobs.

The Guardian says the extra store closures are in the small print of the company voluntary arrangement put out this week.