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Business Journalism: How to Report on Business and Economics by Keith Hayes

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Writing Effective Business News

The business journalist must be exceptionally careful in practicing basic reporting skills because the slightest error can have a profound effect on readers’ lives.

On one occasion a journalist at a major newswire agency reported that UK interest rates had been raised. The markets were thrown into a panic because there had been no indication from any reliable source that this was about to happen. In fact, the news was about Irish interest rates and the reporter had made a simple error. The mistake was corrected after about 60 seconds; but in that time, millions if not billions of pounds had shifted on global markets, ...

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