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Daimler to slash jobs in €1.4bn cost-cutting drive

German car maker to lay off 10 per cent of managers worldwide to offset costly shift to electric vehicles

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McDonald’s launches toy recycling trial

The old toys will be recycled into new products from coffee cups to bins, outdoor play equipment and vegetable planters to be gifted to communities.

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Burberry and Cathay Pacific take a hit from Hong Kong protests

The luxury fashion house and Hong Kong-based carrier report declines after five-month long protests in the city.

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Value of Chinese crypto NEO surges by 16%

Smart contract-based alt coin benefits from renewed Chinese enthusiasm for blockchain

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Trump lambasts the Federal Reserve and calls for negative interest rates

As Fed chairman prepares to testify, Trump emphasises America’s need to stay competitive

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Wetherspoons boss Tim Martin hits out at corporate governance rules

The boss of the pub group said advisers are wrong to suggest he should have more non-executives and said advisory firms were too inexperienced.

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Taylor Wimpey positive despite political uncertainty

The housebuilder said the market remains resilient, although signs of stress are being seen in London and the South East.

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Wizz Air upgrades forecasts despite higher fuel costs

The airline said 18% more passengers flew on its planes in the first half of the year.

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Electric car maker Tesla to build factory near Berlin

Elon Musk said the company will also set up an engineering and design centre in Germany.

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Oil demand to slow from 2025 but world will miss its sustainability targets

The International Energy Agency predicts sustainability targets are unlikely to be met

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Trump expected to delay EU auto tariffs for a second time

Automakers and others expect a delay to the imposition of tariffs on cars and auto parts

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Vodafone stock gains following earnings forecast upgrade

Vodafone stock surges following earnings adjustment and growth – but it could soon withdraw its operations from India

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Twitter launches tools to protect political debate ahead of UK general election

Tools from Twitter include new election emoji

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UK employment sees biggest decline for four years as job vacancies slump

Wage growth also saw a second consecutive month of decline as earnings remained below their pre-financial crisis peak.

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B&M writes off struggling German business Jawoll

The impairment from Jawoll, which has been under pressure despite growing revenue, will cost B&M almost £60 million.

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