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Toyota warns UK plants will struggle if government bans hybrid cars

Toyota has warned its UK factories will struggle to gain investment if the government announces a future ban on the sale of its hybrid cars.

JC Penney tumbles as CEO Ellison leaves to join Lowe's

Shares in US department store operator JC Penney tumbled on Tuesday as it announced the resignation of chairman and chief executive officer Marvin Ellison, with immediate effect.

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Business leaders see rise in economic nationalism as the main threat

A new KPMG survey of over 1,300 business leaders from around the world found that CEOs consider the rise of economic nationalism, with Brexit and Donald Trump’s new policies foremost in their minds, to be the biggest threat for growth.

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China cuts car import duties as it seeks deal to save ZTE

China said it would cut import duty on passenger cars in an apparent concession to the Trump administration as it seeks a deal to save ZTE from US sanctions.

21 May
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IAG prepping £1.3bn offer for Norwegian

International Airlines Group is reportedly set to make a third run at a takeover of low-cost carrier Norwegian, one, which if successful, would value the budget airline at £1. 3bn.

21 May
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Fifth Third Corp to buy Chicago-based MB Financial in $4.7bn deal

Fifth Third Bancorp has agreed to buy Chicago-based MB Financial in a deal valued at around $4. 7bn.

21 May
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GE's transportation unit to merge with Wabtec in $11.1bn deal

GE Transportation, a unit of General Electric, has agreed to merge with rail equipment maker Wabtec in a deal valued at £11. 1bn.

21 May
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EU denies siding with renting lobby in fight to curb Airbnb

European officials have denied siding with the tourism industry after a report claimed the European Commission consistently ruling in favour of renting platforms such as Airbnb against local councils.

18 May
H&M may be facing possible buyout from chairman

Speculation is rife that Hennes & Mauritz AB (H&M) chairman Stefan Persson is attempting to take the clothing retail giant private, as the billionaire continues to load up on the company’s shares.

18 May
PayPal to buy Swedish payments group iZettle for $2.2bn

PayPal has agreed to buy Swedish payments group iZettle for $2. 2bn, in a deal that will "significantly" expand its in-store presence.

17 May
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Walmart posts earnings beat as revenue rises

Walmart beat earnings forecasts and posted an improvement in total revenue for its first quarter on Thursday, with the figure coming in at $122. 7bn - an increase of $5. 1bn, or 4. 4%.

16 May
Netflix original film releases in 2018 to outstrip four major studios combined

Netflix is upping its game and is preparing to release at least 86 original films in 2018, management said on Wednesday.

16 May
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Zoetis to buy veterinary diagnostics group Abaxis for $2bn

US animal health company Zoetis Inc has agreed to buy veterinary diagnostics group Abaxis for $83 per share in cash, or around $2bn.

15 May
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WTO determines EU unfairly subsidised Airbus, opens way for US tariffs

The World Trade Organization has ruled today that the European Union failed to honour multiple previous rulings and illegally subsidised European aircraft-maker Airbus to the tune of over $22bn to help launch its A380 and A350 jets.

15 May
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Facebook 'fails to answer' parliamentary committee questions

Facebook failed to answer 39 questions concerning data privacy and fake news posed to the company by parliament's Digital, Culture, Media and Sport Committee, the group's chairman said on Tuesday.

14 May
US warns European companies trading with Iran could face sanctions

A US national security adviser warned on Sunday that European companies who continue to trade with Iran risked being hit by US sanctions after President Donald Trump called for all links to be cut off.

14 May
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Xerox abandons $6.1bn sale to Fujifilm to team up with activist investors

Tech firm Xerox pulled out of its $6. 1bn sale to Japanese company Fujifilm in the last minute after activist investors Carl Icahn and Darwin Deason argued against the deal.

14 May
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Boeing to collaborate with secure software company for 3D printing

Aerospace behemoth Boeing has signed up Assembrix for its software that will allow it to manage and protect the intellectual property it shares with vendors during the design and manufacturing process.

14 May
Sears rallies as it explores sale of Kenmore brand, other assets

Sears rallied on Monday after saying it is initiating a formal process to explore the sale of its Kenmore brand, home improvement products business and parts direct business.