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Bridging The Gap
Saudi Aramco said its flotation remains on track for 2018 Saudi Aramco said its flotation remains on track for 2018
Saudi Aramco has insisted that its plans for what is likely to be the world's biggest stock market listing remain on track. There are reports Aramco might shelve the initial public offering (IPO) in favour of private share placings. But the state-owned oil giant said the timing for a £1.5 trillion dual listing on the Saudi and an international stock market was still scheduled for 2018. Th...
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Equifax data hack affected 694,000 UK customers Equifax data hack affected 694,000 UK customers
The beleaguered credit reference agency Equifax has now admitted that 694,000 customers in the UK had their data stolen between May and July this year. The firm's original estimate of its UK cyber-theft victims, made last month, was fewer, at nearly 400,000. Equifax now says that it will contact its affected UK customers by letter to offer them help. It admits they may be at risk of "poss...
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Google's unveils new Pixel phones, speakers, futuristic headphones Google's unveils new Pixel phones, speakers, futuristic headphones
Google has pulled the curtain off a whole collection of new gadgets. The company revealed on Wednesday its latest hardware products at a press event in San Francisco, including the Pixel 2 smartphone, futuristic headphones and two new smart speakers. It included a number of nods to Apple, including killing the headphone jack on its Pixel phones. Tech companies such as Apple and Google tend...
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Boeing's Bombardier row undermines its UK ties, says May Boeing's Bombardier row undermines its UK ties, says May
Prime Minister Theresa May has said Boeing's behaviour in its trade dispute with Bombardier is undermining its relationship with the UK. She said Boeing was not adopting "the sort of behaviour we expect from a long-term partner". Jobs in Belfast could be at risk after the US opted to impose a 220% import tariff on Bombardier's C-Series jet. The move came after Boeing complained that Bomba...
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Here comes the Angry Birds IPO Here comes the Angry Birds IPO
Angry Birds is slinging into an IPO. Rovio Entertainment, parent company of the Angry Birds franchise, said on Tuesday it's planning an initial public offering and listing its shares on the Nasdaq Helsinki. The Espoo, Finland-based company said the IPO would include share sales by its largest shareholder, Trema International Holdings, and a share issue of about 30 million euros ($35.7 millio...
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Snapchat's moment of truth is here Snapchat's moment of truth is here
Snapchat has seen much of its market value disappear since going public in March. Now the situation could go from bad to worse. Snap (SNAP), the parent company of Snapchat, fell as much as 5% in early trading Monday to a new low as some company insiders finally get the chance to cash out. The stock later rebounded and was flat by late morning. Like many newly public companies, Snap had a "lockup...
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Coca-Cola is replacing Coke Zero with a new drink Coca-Cola is replacing Coke Zero with a new drink
If you love Coke Zero, you'd better stock up on it: Coca-Cola is ditching the drink. Coke Zero will be replaced by a new sugar-free drink called Coca-Cola Zero Sugar, Coke announced Wednesday. Coca-Cola Zero Sugar has already been a success in 25 markets around the world, including Europe, Latin America, the Middle East and Africa. Next month, it will be the United States' turn: the new drink ...
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Nestlé is building a factory just for flavored KitKats Nestlé is building a factory just for flavored KitKats
Japan loves weirdly flavored KitKat bars so much that the country is getting a brand new factory just to make them. Nestlé, which manufactures the hugely popular wafer chocolates, said the factory will begin operations in August. It will be Nestlé's (NSRGY) first new factory in Japan in 26 years, a company spokeswoman told on Wednesday, adding that it is being built to satisfy "the increasin...
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Airbus cuts superjumbo A380 production again Airbus cuts superjumbo A380 production again
European aircraft maker Airbus has cut production of its A380 superjumbo for the second time in a year. Deliveries of the double-decker will now fall from 15 this year to 12 in 2018 and eight in 2019, Airbus said. Chief Executive Tom Enders said that prospects of further sales of the A380 in the short-term were not "necessarily high". Airbus, which has not had an A380 order for two years,...
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Amazon Prime makes first foray into South East Asia Amazon Prime makes first foray into South East Asia
Amazon has taken its first foray into South East Asia, launching its Prime Now service in Singapore. The move is seen as the start of an aggressive expansion in the region, which has a population of about 600 million people. It is also the first time Amazon has gone head-to-head with Chinese rival Alibaba in Asia. The Singapore service promises two-hour delivery on thousands of items including ...
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