Apple Pay may be scrutinised by EU’s Vestager

Apple Pay may be scrutinised by EU’s Vestager

Mobile payments services such as Apple Pay are in EU competition chief Margrethe Vestager’s crosshairs, weeks after her team sought industry feedback about ...

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Nestle plans to return €18bn, seeks food acquisitions

Nestle plans to return €18bn, seeks food acquisitions

Nestle plans to return as much as €18bn to shareholders by 2022 and indicated an appetite for acquisitions to help chief executive Mark Schneider sustain faster ...

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Emirates on the US jets war with Airbus

Emirates on the US jets war with Airbus

A faceoff between the US and EU over jetliner tariffs risks making travel more expensive for passengers, the world’s biggest long-haul airline has warned.

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Nike decides to shut its Oregon Project following doping scandal

Nike decides to shut its Oregon Project following doping scandal

Nike is ending its Oregon Project supporting elite track athletes after a top coach was banned for violating anti-doping rules in a scandal that has engulfed the ...

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Goldman: Bull run for shares still has way to go

Goldman: Bull run for shares still has way to go

It’s too early to bid farewell to the decade-long equity bull market as stocks are still providing healthy returns for investors, according to Goldman Sachs.

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Samsung’s folding phone is fixed but still not user ready

Samsung’s folding phone is fixed but still not user ready

Samsung’s Galaxy Fold is no longer a $1,980 (€1,800) brick.

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Bank of England prepares to ‘war game’ crash-out Brexit

Bank of England prepares to ‘war game’ crash-out Brexit

Bank of England governor Mark Carney will soon find himself thrust once more unto the breach if the UK crashes out of the EU without a transition deal.

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Revived Budweiser IPO set to refresh Hong Kong exchange

Revived Budweiser IPO set to refresh Hong Kong exchange

Beer giant Anheuser-Busch InBev is understood to be reviving the Hong Kong IPO of its Asian unit and is set to raise as much as HK$37.9 billion (€4.4bn), roughly ...

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Dealz owner fined €3.2m

Dealz owner fined €3.2m

South Africa’s financial regulator has fined Steinhoff International Holdings the owner of the Dealz discount chain here and Poundland in the UK.

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Ratings agency cuts Ford to junk status

Ratings agency cuts Ford to junk status

The Ford Motor Company has been dealt a blow by credit rating agency Moody’s Investors Service, which has cut the carmaker’s credit rating to junk on ...

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VW and BMW spread the gloom at Frankfurt show

VW and BMW spread the gloom at Frankfurt show

Volkswagen and other carmakers have warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers.

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Lloyds sees Payment Protection Insurance costs escalate

Lloyds sees Payment Protection Insurance costs escalate

Lloyds Banking Group has suspended its share buyback after a last-minute rush of compensation claims for mis-sold payment protection insurance (PPI), taking its ...

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EU-US regulatory split may prolong 737-Max grounding

EU-US regulatory split may prolong 737-Max grounding

Aviation executives are increasingly worried that a widening split between the US and Europe will extend the grounding of Boeing’s 737-Max jet, sowing confusion ...

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In Brexit Britain, only the few win as pound crashes

In Brexit Britain, only the few win as pound crashes

When Brexit first drove up the cost of importing ingredients like jasmine rice, curry paste and coconut milk from Thailand, London restaurant owner Saiphin Moore ...

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Iceland tourism slump ‘to end’

Iceland tourism slump ‘to end’

Iceland’s central bank is prepared to cut interest rates again as an economic downturn is nearing a bottom amid a collapse in its tourism industry.

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Papa John’s appoints new CEO

Papa John’s appoints new CEO

Leslie Patton US struggling pizza maker Papa John’s has appointed Arby’s president Rob Lynch as its new chief executive.

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Norway eyes $100bn US tech stock spree in further shift from Europe

Norway eyes $100bn US tech stock spree in further shift from Europe

Norway’s €900bn sovereign wealth fund has proposed overhauling how its holdings are placed across the globe, calling for a shift away from Europe.

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Huawei expects reduced revenue hit of €9bn from Trump trade sanctions

Huawei expects reduced revenue hit of €9bn from Trump trade sanctions

Huawei Technologies expect less damage from Trump-administration curbs than initially anticipated, but remain on the lookout for ways to replace key American suppliers. ...

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Volkswagen sticks to earnings outlook despite investment challenges

Volkswagen sticks to earnings outlook despite investment challenges

Volkswagen expects to lift profit margins over the next few years despite an expensive shift to electric cars and growing economic headwinds in Germany and abroad.

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 UK firm restarts fracking in Lancashire after tremors

UK firm restarts fracking in Lancashire after tremors

British shale gas exploration firm Cuadrilla said it had resumed fracking at its site in Lancashire, after securing all required permits.

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Apple to focus on camera upgrade for new iPhone

Apple to focus on camera upgrade for new iPhone

Apple is readying a clutch of new hardware for the coming weeks and months, including ‘Pro’ iPhones, upgrades to iPads and its largest laptop in years.

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