• Clydesdale and Yorkshire banks owner CYBG snaps up Virgin Money
Clydesdale and Yorkshire banks owner CYBG snaps up Virgin Money

The merged company will be around twice the size of its largest rival among Britain's smaller banks and be able to draw on the firepower of the Virgin brand, which the combined group will pay a royalty to keep. Branson is expected to rake in royalties of at least £15million a year after the first four years that the combined group operates. CYBG ...

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  • Audi boss Rupert Stadler arrested in dieselgate investigation
Audi boss Rupert Stadler arrested in dieselgate investigation

Stadler", Audi said. As part of the investigation, Stadler's home has been raided, while authorities are now investigating 19 other suspects, the identities of whom have not been disclosed. Autocar is due to receive an official comment from Audi imminently. The United States filed criminal charges against former VW CEO Martin Winterkorn in ...

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  • Audi CEO detained in diesel emissions case
Audi CEO detained in diesel emissions case

As part of the investigation, Stadler's home has been raided, while authorities are now investigating 19 other suspects, the identities of whom have not been disclosed. Audi confirmed the arrest to AFP, declining to give further details. Almost three years on from the scandal, VW faces a multitude of probes both in Germany and overseas, with le...

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  • Alberta wheat contaminated with GMO
Alberta wheat contaminated with GMO

Other crops like corn have been genetically modified to attain better yields and are widely distributed, but GMO (genetically modified organism) wheat is not used in commercial production because of consumer concerns. He says his office is in contact with the Japanese consul-general in Alberta and he has spoken with staff at Alberta's trade office ...

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  • Tesco delivers the goods as sales continue to rise
Tesco delivers the goods as sales continue to rise

Similarly, Booker, which Tesco bought for £3.7bn a year ago, had a rise of 1.4% in sales during the quarter. "This decision has been a very hard one to make, but it is an essential step towards establishing a more sustainable non-food offer and growing our business for the future", said Tesco chief executive Charles Wilson.

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  • McDonald's switching to paper straws in U.K., Ireland
McDonald's switching to paper straws in U.K., Ireland

The old plastic straws will be replaced with paper ones which can be recycled. The firm uses around 1.8m straws a day in the UK. McDonald's has some 37,000 locations in over 100 countries. Momentum is increasing in the U.S.to eliminate the use of plastic straws. Alaska Airlines is getting rid of plastic drink stirrers starting next month.

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  • Canada Goose to open three more stores
Canada Goose to open three more stores

Barclays PLC now owns 3,986 shares of the company's stock worth $133,000 after buying an additional 3,286 shares during the last quarter. Deutsche Bank AG boosted its holdings in Canada Goose by 198.7% in the 4th quarter. Sei Investments Co. now owns 16,639 shares of the company's stock worth $556,000 after acquiring an additional 3,040 shares du...

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  • Not the last straw at McDonald’s, just not a plastic one
Not the last straw at McDonald’s, just not a plastic one

McDonald's also plans to test alternatives to plastic straws in some of its locations in France, Sweden, Norway, Belgium and Australia, as well as in some of its more than 14,000 US restaurants. Pizza Express said it would replace all plastic straws with biodegradable ones by summer 2018. Plastic straws in particular have been known to cause harm...

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  • Ride-sharing Giant Didi Chuxing Goes to Australia
Ride-sharing Giant Didi Chuxing Goes to Australia

In a statement, the company said: "Australia's diversified mobility needs, business-friendly environment and inclusive culture have encouraged DiDi to commit to a long-term investment to improve mobility solutions across the country". "The team is dedicated to working closely with local users and partners to make meaningful contributions to cities ...

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  • European Central Bank will stop its bond-buying scheme, €30bn a month, next December
European Central Bank will stop its bond-buying scheme, €30bn a month, next December

U.S. Treasuries meanwhile were down to 2.94 percent US10YT=RR having briefly topped 3 percent overnight after the Fed pushed up its interest rates. Germany's 10-year Bunds were offering 0.45 percent compared with 0.49 percent DE10YT=RR before the European Central Bank statement.

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  • New BHP mine to lift Pilbara ore quality
New BHP mine to lift Pilbara ore quality

First ore from South Flank is targeted for 2021, with the project expected to have a mine life of more than 25 years. "We wanted to target an opportunity that would allow us to play to that continued strength in demand for higher quality ore", BHP's Minerals Australia President Mike Henry told reporters on a conference call from London.

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  • Boeing, others assessing impact of US-China tariffs
Boeing, others assessing impact of US-China tariffs

The State Council is China's cabinet, or government. Trump on Friday followed through on a pledge to crack down on what he considers to be unfair trade practices by China, imposing tariffs on goods that "contain industrially significant technologies".

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  • N Brown to close all of its remaining stores
N Brown to close all of its remaining stores

The store estate made a £3m loss before interest, taxes, depreciation and amortisation. The outlets affected will be shut ahead of their lease expiry date and bring in around 2% of N Brown's revenues, generating £15 million in the 2018 financial year.

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  • ASDA Cuts Three Pence Off The Price Of Fuel
ASDA Cuts Three Pence Off The Price Of Fuel

Average UK forecourt prices now stand at £1.29 per litre for unleaded and £1.33 for diesel. Oil prices have been steadily rising since the end of March, meaning prices at the pumps have increased by up to 10ppl. Rates have remained unchanged since then, according to a review of price notifications issued by state fuel retailers . This is the m...

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  • Australia jobless rate ticked lower in May, full-time jobs slump
Australia jobless rate ticked lower in May, full-time jobs slump

Paul Turek, economist for the department, says in a written statement that gains "were widespread across industries with most adding jobs". According to numbers released Wednesday by the Employment Security Department, the unemployment rate for May dropped to 4.7 percent from April's 4.8 percent.

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  • Rolls-Royce to axe 4,600 jobs in major restructuring
Rolls-Royce to axe 4,600 jobs in major restructuring

The company's market capitalization is GBX 13.42 billion. A spokesperson from the Department for Business said: "The government is in regular contact with Rolls-Royce on its plans to reduce its back office and support functions workforce as a result of its restructuring programme".

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  • Oil prices drop on prospect of rising supplies Oil&Gas 09:40
Oil prices drop on prospect of rising supplies Oil&Gas 09:40

Moscow's pledge in the deal is to shave off 300,000 bpd from the October 2016 level, which was the country's highest monthly production in nearly 30 years-11.247 million bpd. Gulf producers Saudi Arabia, Kuwait and the United Arab Emirates are the main OPEC members holding sufficient unused oil production capacity to boost output quickly to offset ...

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  • Volkswagen fined 1 billion euros by German prosecutors over emissions cheating
Volkswagen fined 1 billion euros by German prosecutors over emissions cheating

Last week, prosecutors in Munich disclosed that the CEO of VW's Audi luxury unit, Rupert Stadler, is being investigated in connection with the diesel fraud. Volkswagen admitted in 2015 to cheating on US emissions tests by equipping diesel cars with software that turned on emissions controls when the vehicles were on test stands, and reduced the c...

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  • President announces U.S. tariffs on $50 billion in Chinese imports
President announces U.S. tariffs on $50 billion in Chinese imports

The Trump administration said on Friday that the US would impose tariffs on $50 billion of Chinese products, provoking a direct retaliation from Beijing and escalating a what is now definitely a "trade war" between the world's two largest economies.

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  • Facebook finally got around to answering all those senators' questions
Facebook finally got around to answering all those senators' questions

To Mashable , Facebook's responses on two topics stood out, namely, that of the data Facebook collects on non-users and its possible monopoly status. As Facebook sees it, all this tracking is necessary to offer users the personalized - and free - experiences they have come to expect. Demand real answers from Facebook and threaten sanctions if th...

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