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British Chancellor George Osborne has stepped up his push to transfer more power to English town halls, saying he will allow them to keep all revenues from a tax on business and let the biggest cities raise more money for infrastructure spending. Osborne, who has sought to reverse the centralisation of power in Westminster, said in a speech that the change would allow 26 billion pounds raised in business rates to stay in the hands of local councils each year by 2020. Such cities represent a power base for the opposition Labour Party, but Osborne -- who represents a constituency near the northern city of Manchester -- has built a closer relationship with them in recent years.
Twitter said Monday that co-founder Jack Dorsey, interim chief executive since July 1, will become CEO of the online messaging service and remain head of payments firm Square. The appointment of Dorsey, 38, who initially ran Twitter, ends the company's plodding search since Dick Costolo stepped down from the top post in mid-June. The return of Dorsey at the reins of Twitter comes as San Francisco-based one-to-many messaging platform, which has not yet turned a profit, has struggled to expand its user base above 300 million.