UK customers rein in spending as fears develop over financial system | Enterprise

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British shoppers reined of their spending in December after forking out throughout November on Black Friday promotions, in keeping with official figures that confirmed the robust festive buying interval on the excessive road. The Workplace for Nationwide Statistics…

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Carlos Ghosn obtained £6.9m in ‘improper’ funds, says Nissan | Enterprise

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Nissan and Mitsubishi have accused their former chairman, Carlos Ghosn, of receiving €7.8m (£6.9m) in “improper funds” from a three way partnership between the Japanese carmakers with out consulting different board members. The businesses mentioned they might attempt…

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Gold costs gleam amid Brexit and US shutdown uncertainty | Enterprise

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The longest authorities shutdown in US historical past reveals no signal of ending, Brexit is roiling Europe, commerce wars are nonetheless within the offing and the inventory market is appearing like a spooked cat. And as soon as…

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Tesla to chop greater than 3,000 jobs as a result of vehicles ‘nonetheless too costly’ | Know-how

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Tesla is reducing greater than 3,000 jobs, or 7% of its workforce, after experiencing a yr its founder, Elon Musk, mentioned was each its most difficult and most profitable. The chief government of the electrical automobile producer instructed…

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Showboat: billionaire NFL staff proprietor installs Imax cinema on superyacht | Information

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Dan Snyder, the American billionaire proprietor of the Washington Nationwide Soccer League (NFL) staff, is taking supply of a brand new superyacht, full with the world’s first floating non-public Imax film theatre – at an extra $3m (£2.3m)…

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Windfarm business urges UK to carry onshore subsidies ban | Atmosphere

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Ministers have been urged to drop their block on subsidies for onshore windfarms, as business figures confirmed that just about 800 renewable tasks are able to plug a lot of the facility hole left by the abandonment of…

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Patisserie Valerie locked in talks over banking lifeline | Enterprise

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The cake and cafe chain Patisserie Valerie was locked in talks about securing a lifeline from its banks on Friday after saying it had uncovered “vital manipulation” of its books. A standstill of the group’s banking amenities, defending…

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Slipper maker Mahabis rescued by Simba Sleep founder | Enterprise

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Upmarket slipper model Mahabis has been purchased out of administration by the founding father of mattress-in-a-box agency Simba Sleep. James Cox, the founding father of Simba and co-head of the footwear agency’s new proprietor YYX Capital, will take…

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Let’s transfer to Somers City: certainly one of London’s best-kept secrets and techniques | Cash

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What’s going for it? We shan’t point out HS2 and the brand new Euston station (nicely, OK, simply as soon as extra). However ’twas ever thus. Aside from a short fancy interval within the early 19th century when…

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Local weather change menace to Germans’ want for pace on Autobahn | World information

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The times of limitless dashing on Germany’s famously quick autobahns might be over if the federal government adopts draft proposals on local weather safety put ahead by its committee on the way forward for transport. Charged with devising…

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