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Airbnb host fined $5k for refusing guest

ByNathan BissittJuly 14, 2017

An Airbnb host who cancelled a woman’s reservation during a snowstorm because of her ethnicity has been fined $5,000 (£3,857) and ordered to attend a college course in Asian-American studies. Dyne Suh had booked Tami Barker’s mountain cabin in Big Bear,

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Hony and Michael Kors vie for £800m Jimmy Choo

ByNathan BissittJuly 14, 2017

One of America’s best-known fashion retailers is vying with investors from the UK and China to seal an £800m takeover of Jimmy Choo, the upmarket shoe designer. Sky News has learnt that Michael Kors, the New York-listed chain, has indicated that it will table an

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New EasyJet airline created for Brexit

ByNathan BissittJuly 14, 2017

EasyJet is creating a new airline so it can continue flying in the European Union after Brexit. It has applied for a new air operator certificate in Austria at a cost of £10m. The budget airline said the application process was “well advanced” and it hoped

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Lawn care business flourishes in Downlands

ByNathan BissittJuly 14, 2017

TruGreen Professional LawnCare Downlands has exceeded all expectations by reaching its milestone 100th customer and employing its fourth member of staff in only eight months of trading. The franchise, which is owned and operated by local grass expert Jonathan Bell,

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Visa considers incentives for UK firms to go cashless

ByNathan BissittJuly 14, 2017

Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US. The payments company is selecting 50 small companies in the US to receive $10,000 if they only use cards.The companies have to bid for

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FTSE 100 opens lower as AstraZeneca shares fall further

ByNathan BissittJuly 14, 2017

Shares in drugs giant AstraZeneca have fallen for a second day following a report that its chief executive, Pascal Soriot, is to leave the company.On Thursday, a report on the Calcalist financial news website said Mr Soriot would join Israel-based Teva Pharmaceutical

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Nicky Morgan wants Treasury Committee to widen its scope

ByNathan BissittJuly 14, 2017

Media playback is unsupported on your device Nicky Morgan, the new chair of the influential Treasury Committee, has said she wants the body to extend its scope beyond banks and Brexit.Ms Morgan, a former education secretary, told the BBC she wants to look “at

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Amazon warehouse firm GLP bought for $11.7bn

ByNathan BissittJuly 14, 2017

A firm that rents warehouses to online retailer including Amazon and Alibaba is to be sold for $11.7bn (£9bn).The buyout of Singapore-based Global Logistic Properties (GLP) by a China-led consortium will be one of Asia’s biggest ever private equity deals.GLP

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RBS sale 'value for money' despite £1.9bn loss

ByNathan BissittJuly 14, 2017

Taxpayers received “value for money” from the sale of Government shares in Royal Bank of Scotland two years ago, despite making a loss of nearly £2bn, according to the public spending watchdog. A stake in the lender was sold in August 2015, raising £2.1bn.

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CEO of Japan's Amazon on noodles and drones

ByNathan BissittJuly 13, 2017

Rakuten is Japan’s answer to Amazon.Founder and chief executive Hiroshi Mikitani talks to Mariko Oi about his first online purchase, the future of drones, and why he’s paying $58m (£45m) a year to sponsor Barcelona football club.Produced by Simon