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Uber sells South East Asia operations to rival Grab

Uber is selling its South East Asia ride-share and food delivery businesses to regional rival Grab. The move marks a further retreat from international operations for Uber, after it sold its China business to local rival Didi Chuxing. Both firms describe the deal as a win for their passengers, but …

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Facebook boss apologises in UK and US newspaper ads

Facebook boss Mark Zuckerberg has taken out full-page adverts in several UK and US Sunday newspapers to apologise for the firm’s recent data privacy scandal. He said Facebook could have done more to stop millions of users having their data exploited by political consultancy Cambridge Analytica in 2014. “This was …

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Baselworld: Tag Heuer chief takes swipe and his industry

One on the most powerful men in luxury retailing has said it is time to stop seeing smartwatch makers Apple and Google as threats. Jean-Claude Biver, who runs watchmakers Tag Heuer, Hublot, and Zenith, said the smartwatch will boost his industry. Mr Biver was instrumental in reviving the Swiss industry …

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Baselworld: Tag Heuer chief takes swipe at his industry

One on the most powerful men in luxury retailing has said it is time to stop seeing smartwatch makers Apple and Google as threats. Jean-Claude Biver, who runs watchmakers Tag Heuer, Hublot, and Zenith, said the smartwatch will boost his industry. Mr Biver was instrumental in reviving the Swiss industry …

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The week Facebook’s value plunged $58bn

Facebook ended the week $58bn lower in value after its handling of a historic data breach. Its founder Mark Zuckerberg apologised for data breaches that affected 50 million users. The apology did not stop investors from selling shares in Facebook, with many wondering just how bad the damage would be …

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The week Facebook’s value plunged $58bn

Facebook ended the week $58bn lower in value after its handling of a historic data breach. Its founder Mark Zuckerberg apologised for data breaches that affected 50 million users. The apology did not stop investors from selling shares in Facebook, with many wondering just how bad the damage would be …

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Former Blockbuster owner Wayne Huizenga dies at 80

Wayne Huizenga, the former owner of Blockbuster Entertainment and three Florida sports teams, has died at the age of 80. The college dropout made his fortune in waste disposal, founding Waste Management, now a publicly traded company worth more than $35bn (£24bn). Mr Huizenga later expanded into car dealerships, hotels …

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Former Blockbuster owner Wayne Huizenga dies at 80

Wayne Huizenga, the former owner of Blockbuster Entertainment and three Florida sports teams, has died at the age of 80. The college dropout made his fortune in waste disposal, founding Waste Management, now a publicly traded company worth more than $35bn (£24bn). Mr Huizenga later expanded into car dealerships, hotels …

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