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BUSINESS

Amazon sales boost briefly makes founder Jeff Bezos world’s richest man

Amazon has reported a sales increase of 25% for the second quarter of 2017, on the day founder Jeff Bezos briefly became the world's...

Porsche told to recall 22,000 cars after emissions software deemed illgal

German authorities have found what they consider an illegal "defeat device" in a Porsche diesel model that manipulates emissions levels, leading to the recall...

Terapeak intoduces new sales predictions tool for shopify, Ebay sellers

Leading e-commerce analytics provider Terapeak today announced new tools to support Shopify merchants seeking to sell their inventory on eBay. Following the recently disclosed partnership...

US fashion brand Michael Kors buying Jimmy Choo

Luxury shoe brand Jimmy Choo is to be acquired by US fashion brand Michael Kors in a €1bn deal. London-listed Jimmy Choo put itself up...

Google’s parent company, Alphabet, announces massive profits despite $2.74bn fine

Alphabet, the parent company of Google, has reported massive quarterly profits, despite the huge fine imposed on it last month by the European Commission. The...

German car giants’ shares fall amid diesel emissions concerns

Shares in the three biggest German car makers have fallen after a report claimed they colluded for years over diesel emissions technology. BMW shares were...

Pound suffers as European Central Bank hints at stimulus curbs

Pound Sterling was wallowing at eight month lows against the euro, as investors continued to trade on news that the European Central Bank may...

Sterling takes a pounding as Euro soars on back of Mario Draghi comments

The pound tumbled to an eight-month low against the euro after European Central Bank (ECB) president Mario Draghi signalled potential changes to its bond...

China’s economic growth holds steady despite slowdown fears

China's economic growth held steady in the latest quarter, boosted by trade and consumer spending, despite concerns about a possible impending slowdown. Output rose 6.9%...

Burberry shareholders kick back against Executive’s €6m share payout

Shareholders in the UK have dealt a blow to Burberry over the retailer's "excessive" executive pay, with nearly a third voting against generous payouts...

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