Business

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Retailers prepare for holiday shopping

The average shopper will spend over $1000 this holiday season, a total of possibly $721 billion, according to the National Retail Federation, and U.S....
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Danske Bank whistleblower says European bank handled $150 bln in payments

Former Danske manager Howard Wilkinson makes his first public appearance since he was identified as the whistleblower who helped reveal a 200 billion euro...
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Why workers are a top asset in M&A in Eastern Europe

Eastern Europe's chronic labour shortage is feeding into corporate takeover activity, with some companies making acquisitions to snap up skilled workers or obtain expertise...
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UK PM urges business to back Brexit deal, hurdles ahead

British Prime Minister Theresa May told a CBI meeting on Monday that she'd stick to her draft EU divorce deal, as dissenting lawmakers in...
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Stocks push higher but cap on APEC tension, Brexit uncertainty

World shares started the week on the front foot on Monday, amid conflicting signals of a potential truce in the China-U.S. trade dispute, while...
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Nissan to fire Ghosn over financial misconduct allegations

Nissan Motor said it planned to oust Chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious...
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Apple slices production plan for iPhones

Apple has cut production orders in recent weeks for three iPhone models launched in September. Fred Katayama reports. Peoples are using these keywords: Fred katayama,...
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Malawians rush for gold before the government cracks down

The discovery of gold on the outskirts of Malawi's capital has sent would-be prospectors rushing to the area before the government introduces new regulations....
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Telecom Italia gets new CEO but power struggle rages on

Telecom Italia has appointed Luigi Gubitosi as chief executive, in a move seen as portending a more aggressive shake-up at the phone group and...
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The week ahead: Brexit on the mind

Brexit will be closely watched as UK prime minister, Theresa May, fights not just for her EU divorce deal, but also for her political...
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Home is best for new breed of Nigerian tour operators

Entrepreneurs in Nigeria want to make their country as appealing as other African hotspots like Kenya and Tanzania. Saskia O'Donoghue reports Peoples are using these...
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FAO Schwarz is back in New York City

Legendary toy store FAO Schwarz is back in business in Manhattan, holding a ribbon cutting for its new flagship store in Rockefeller Center. Fred...
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PG&E shares jump as regulator eases bankruptcy fears

Shares of embattled utility PG&E Corp jumped as fears it could be bankrupted by the fallout of California's deadly wildfires were eased by support...
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Dow, S&P gain; Nasdaq dips

Wall Street closed mostly higher on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese...
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ECB can change rate path if inflation slows: Draghi

The European Central Bank can change its plans to start raising interest rates late next year if borrowing costs rise too far or inflation...
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Nordstrom overcharged customers

Upscale department store chain Nordstrom said it overcharged some of its credit card customers. Issuing refunds and correcting the issue slammed its quarterly profit....
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VW embarks on $50 bln electrification plan

Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a huge expansion plan to mass produce battery driven vehicles, Chief...
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FAO Schwarz makes NYC comeback

The iconic toy store FAO Schwarz opened at its new location in Rockfeller Plaza on Friday, three years after closing its flagship New York...

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