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China’s new richest person is a bottled water tycoon
The richest person is China is a bottled water tycoon, knocking Alibaba founder Jack Ma from his mantle.
Zhong Shanshan founded Nongfu Spring in 1996 in the Zhejiang province on China's Eastern coast.
The Bloomberg Billionaires Index!-->!-->!-->!-->!-->…
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Nike expects permanent shift to online sales
Sportswear firm Nike has seen a huge rise in online sales as it bounces back from a coronavirus slump.
The US company saw digital sales rocket 82% during the June to August quarter, offsetting falling revenue in its stores.
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Bank of England boss calls for furlough ‘rethink’
The governor of the Bank of England has called for the government to "stop and rethink" the furlough scheme.
The Job Retention Scheme is due to finish at the end of next month.
But speaking on a webinar hosted by the British Chambers!-->!-->!-->!-->!-->…
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Airbus looks to the future with hydrogen planes
Aerospace giant Airbus has unveiled plans for what it hailed as the first commercial zero-emission aircraft.
It said its hydrogen-fuelled passenger planes could be in service by 2035.
Airbus chief executive Guillaume Faury said the!-->!-->!-->!-->!-->…
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Whitbread to cut 6,000 jobs as hotel demand slumps
Whitbread, which owns Premier Inn and Beefeater, has warned that 6,000 staff could lose their jobs.
The company blamed the move on a slump in guest numbers since the coronavirus lockdown.
It said hotel stays in August had halved!-->!-->!-->!-->!-->…
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Asian stock markets continue the global fallout
Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases.
The biggest falls in the region were recorded in Australia, where shares hit a three-month low.
Investors!-->!-->!-->!-->!-->…
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HSBC’s shares dive to lowest level since 1995
HSBC's share price fell to its lowest level since 1995 amid allegations of money laundering.
HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.
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Coronavirus: UK firms voluntarily return £215m in furlough cash
UK firms have voluntarily returned more than £215m to the government in furlough scheme payments they did not need or took in error.
According to HMRC figures, some 80,433 employers have returned cash they were given to help cover!-->!-->!-->…
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EU seeks new powers to penalize tech giants: FT
The European Union wants to arm itself with new powers to penalize big technology companies, the Financial Times reported on Sunday.
The proposed plan includes forcing tech giants to break up or sell some of their European operations if!-->!-->!-->…
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Fake directors plan to combat money laundering
The UK's record of companies is to be reformed to introduce proper checks on whether directors are real people, in an attempt to combat major crime.
The long-delayed reform, announced by the government, comes after years of evidence!-->!-->!-->…
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