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Uber hires new chief executive from internet giant

Uber has picked former Expedia boss Dara Khosrowshahi as its new chief executive to lead the firm out of a nearly year-long crisis. Mr Khosrowshahi will take on the tasks of repairing frayed relations with investors and making the business profitable after seven years of losses. He replaces co-founder …

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Uber names Expedia boss Dara Khosrowshahi as CEO pick

Media playback is unsupported on your device Uber has chosen Expedia boss Dara Khosrowshahi to be its chief executive, ending months of speculation in the firm’s search for a new leader. The decision was made by Uber’s board late on Sunday, a source told the BBC, but the company …

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CBS to buy Australia's Ten Network

American broadcaster CBS will buy Australia’s troubled Ten Network, which had also attracted attention from a consortium led by Lachlan Murdoch. Ten’s administrators confirmed the purchase on Monday but did not disclose the sale price. The station was placed in voluntary administration in June.Last week Mr Murdoch secured regulatory …

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Brexit: UK officials in Brussels for latest talks

Formal Brexit talks are due to resume in Brussels later, with British negotiators urging the EU to show “flexibility and imagination”.Brexit Secretary David Davis wants to broaden discussions to include trade.But the EU says there has to be progress on the issues of citizens’ rights, the Irish border and …

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Economic issues are a priority, say UK and German firms

Shared economic interests must be a priority in the Brexit negotiations, UK and German trade bodies have urged.The British Chambers of Commerce (BCC) and the Association of German Chambers of Commerce (DIHK) said uncertainty over “business critical” issues such as workers’ rights, tax and customs arrangements needed to be …

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Kenya plastic bag ban comes into force after years of delays

A ban on plastic carrier bags has come into force in Kenya, which means that from Monday anyone found selling, manufacturing or carrying them could face fines of up to $38,000 or prison sentences of up to four years. The government says the ban will help protect the environment.But …

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Poisonous progress

Leaded petrol was safe. Its inventor was sure of it. Facing sceptical reporters at a press conference in October 1924, Thomas Midgley dramatically produced a container of tetraethyl lead – the additive in question – and washed his hands in it. “I’m not taking any chance whatever,” Midgley declared. …

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Mixed picture for BHS stores one year after closure

More than half of the 160 BHS stores that closed after the retailer fell into administration a year ago are still sitting empty, according to new research. BBC business correspondent Emma Simpson visits one former site in south east London.This time last year Mandy Pickering and the other BHS …

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