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Tuesday, August 20, 2019

BUSINESS

BUSINESS
Deliveroo leaves Germany

Online food delivery service Deliveroo has said it is pulling out of Germany to concentrate on other markets, but is holding out the possibility...
UK economy slowed growth projected, according to Office of National Statistics

The UK’s economy shrank for the first time since 2012 in the second quarter of this year, as the manufacturing and construction sectors both...
Debenhams appoints new CEO.

Debenhams has appointed a turnaround expert to lead the business, as it prepares to close stores and rebuild performance after being put into administration...
British economic growth forecast downgrade.

Britain's economic growth is expected to have stagnated in the second quarter, as the manufacturing sector boost wears off while construction declines. Economists believe that...
Chinese Yuan devalued during the tariff imposed by the US

The US Treasury Department has labelled China a currency manipulator after Beijing pushed down the value of its yuan in a dramatic escalation of...
Universal Music group is the record label for Rolling Stones and Ariana Grande.

Chinese tech giant Tencent is in talks with French media company Vivendi to buy 10% of Universal Music Group, whose artists include Ariana Grande,...
HSBC dealing with tax evasion charges.

Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...
Tesco cuts over 4000 jobs.

Around 4,500 staff at Tesco are set to lose their jobs in the latest round of redundancies at the British supermarket chain, the company...
HSBC CEO steps down.

HSBC chief executive John Flint has stepped down after the bank said it believed a change was needed “to meet the challenges” it faces. The...
Facebook, Business, Technology, Data Privacy Records

Facebook has announced the removal of hundreds of accounts from the social network originating in the Middle East. The company said it had found and...