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John Lewis Partnership chair to leave in early 2025
Dame Sharon White The John Lewis Partnership has announced that its chair, Dame Sharon White, will leave the business in early 2025. White's five-year term will come to an end…
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UK government considers banning mobile phones from schools all day
LONDON: The UK government is considering issuing new guidance across England that would recommend banning mobile phones from schools during the entire school day, including break times. However, such a…
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Saudi Arabia to introduce Alipay+ for Asian tourists
Saudi Arabia is set to offer a new mobile payment and marketing solution for Asian tourists, as part of its efforts to boost its tourism sector and foster closer ties…
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Uber celebrates 100,000 drivers and £5 billion economic value in the UK
Uber, the ride-hailing giant, has reached a milestone in the UK, with over 100,000 drivers on its platform and an estimated £5 billion in economic value generated by its activity.…
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Tesla launches updated Model Y in China with new wheel design
Tesla, the U.S. carmaker, announced on Sunday that it has launched a new version of its Model Y in China, with some minor modifications to the car’s exterior and interior.…
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Apple to fix iPhone 15 overheating issue with software update
Apple has acknowledged that some users of its latest iPhone 15 models are experiencing overheating problems and said that it will release a software update to address the issue. The…
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BP’s U.S. chief quits amid turmoil at the top
BP (BP.L) announced on Friday that Dave Lawler, its top executive in the United States and head of its shale business, is leaving the company to pursue new career opportunities.…
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Wells Fargo sheds $2 billion of private equity bets to focus on core businesses
Wells Fargo announced on Friday that it had divested about $2 billion worth of its investments in private equity funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The…
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Xerox buys back $542 million worth of shares from Carl Icahn
Xerox Corp. announced that it has agreed to buy back all the shares of its common stock owned by Carl Icahn, the company’s largest shareholder, and his affiliates for $15.84…
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Pennsylvania American Water agrees to acquire Appalachian Utilities
Pennsylvania American Water has agreed to acquire Appalachian Utilities Inc. Under the terms of the transaction, an affiliate of Pennsylvania American Water will merge with Appalachian and, subsequently, Appalachian will…
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Epic Games to cut 16% of workforce, sell Bandcamp and spin off SuperAwesome
Also Read: Disney buys $1.5bn stake in Epic Games with plans for ‘expansive’ Fortnite universe Epic Games, the maker of Fortnite and Unreal Engine, announced that it will lay off…
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Artificial Intelligence set to surpass internet: Altimeter Capital CEO Brad Gerstner’s predicts
New York City: In a high-profile appearance at the CNBC Delivering Alpha Investor Summit in New York City, Altimeter Capital's Chair and CEO, Brad Gerstner, delivered a resounding declaration that…