A telecommunications start-up has raised £255 million ($338 million) from investors including Russian tycoon and soccer club owner Roman Abramovich. London-based Truphone said Tuesday it raised the funds in a rights issue, which is when a business sells new shares. Truphone said it would use the capital to erase all existing debt, expand its mobile […]
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FEES for checked luggage are working exactly as intended. That is the main thrust of a new report from America’s Government Accountability Office (GAO) on the recent rise of charges for checking a bag onto a plane when flying. But not everyone is interpreting the study in such a positive light. Critics are crying foul […]
Read moreBitcoin could rally nearly 40 percent to hit $6,000 before the end of the year but investors should brace for more volatility, according to industry experts. The cryptocurrency was trading around $4,333 on Tuesday. The third quarter has been one of the most eventful in bitcoin’s history. It is up over 74 percent in the […]
Read moreAustralia has ended its search for the missing MH370 Malaysia Airlines flight that disappeared three years ago carrying 239 people. The country’s civil aviation authority admitted in its final report that it was no closer to discovering what happened after the plane was lost during a scheduled flight from Kuala Lumpur to Beijing. Australian searchers […]
Read moreScott Galloway is one angry guy. He’s a professor at the NYU Stern School of Business, where he teaches brand strategy and digital marketing, and he’s the founder of consulting firm L2. Stern has become a bit of a media star recently on his (accurate) prediction that Amazon should consider buying Whole Foods. You might […]
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The UK will not 'cut and paste' EU trade deals after Brexit, says trade chief
The U.K. will not “cut and paste” existing European trade agreements once a deal for Brexit has been completed, the country’s trade chief told CNBC Tuesday. Liam Fox, the U.K.’s international trade secretary, denied that he ever implied that the current agreements would be closely replicated to ensure the British economy isn’t affected by Brexit. […]
Read moreUber CEO Dara Khosrowshahi is meeting London transport regulators on Tuesday after the ride hailing app lost its license to operate in the British capital. The newly-appointed Uber boss will sit down with Mike Brown, the commissioner of Transport for London (TFL). Neither TFL nor Uber released details of when or where the meeting will […]
Read moreStarting a new job is never easy. This is true for anybody, even Dara Khosrowshahi, the new chief executive of Uber who has an unenviable task on his hands. Just over a month into the job and Khosrowshahi is dealing with a regulatory headache in London, one of its biggest markets, and an episode of […]
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Catalonia goes on strike as calls for 'declaration of independence' grow
A general strike in Catalonia on Tuesday will likely bring much of the wealthy Spanish region to a standstill, a move bound to ratchet up tensions with the Spanish government following a fractious independence vote at the weekend. A large number of pro-separatist trade unions, businesses, schools, transport networks and cultural institutions – even the […]
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European markets seen higher as Spanish stocks rebound after Catalonia concerns
European stocks are set to open higher on Tuesday morning as political concerns ease slightly and investors focus on data releases. The FTSE 100 is seen up by 8 points at 7,437; the DAX 30 is set to start the day up by 36 points at 12,930 and the CAC 40 is expected to open […]
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