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Tesco To Refocus Business After $357M China Sale
Tesco To Refocus Business After $357M China Sale
February 25, 2020  |  International

With the $357 million sale of its joint venture portion to China Resources Holdings (CRH), a state-run partner, Tesco has finished its exit from China....

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Lower Sales Numbers Send Shake Shack Shares Down 17 Pct
Lower Sales Numbers Send Shake Shack Shares Down 17 Pct
February 25, 2020  |  Retail

After Shake Shack Inc. registered less-than-expected comparable sales and set disappointing targets for this year, the quick-service restaurant’s stock dropped on Tuesday (Feb. 25) as...

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Streaming Makes Up 80 Pct Of Music Industry Sales
Streaming Makes Up 80 Pct Of Music Industry Sales
February 25, 2020  |  Retail

Streaming services from companies like Spotify, Apple and Amazon have helped to fuel an increase in sales and profitability for the music industry. Music sales...

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Canada Prepares For Future Digital Currency
Canada Prepares For Future Digital Currency
February 25, 2020  |  Cryptocurrency

The Central Bank of Canada said that while it will not be issuing a digital currency anytime soon, it will still develop a blueprint in...

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US Gov’t Wants To Require Disclosure Of X-Border Crypto Trading
US Gov’t Wants To Require Disclosure Of X-Border Crypto Trading
February 25, 2020  |  Cryptocurrency

The Commerce Department’s Bureau of Economic Analysis (BEA) in the U.S. wants to change a rule for a survey that compels financial service companies to...

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eBay To Expand Payment Options In The UK
eBay To Expand Payment Options In The UK
February 25, 2020  |  eCommerce

Online marketplace eBay has announced that it’s going to expand its “management of payments” to the United Kingdom, which will mean more payment options for...

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Expedia To Cut 12 Pct. Of Staff
Expedia To Cut 12 Pct. Of Staff
February 25, 2020  |  Personnel

Travel site Expedia has announced that it will cut 3,000 workers in an attempt to streamline its “bloated” company after the exit of its CFO...

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Fifth Wall Invites eComm Pure Plays To The Mall
Fifth Wall Invites eComm Pure Plays To The Mall
February 25, 2020  |  Retail

Mall landlords strike again. In a good way, of course, as alt-VC firm Fifth Wall closes on a $100 million fund to help eCommerce pure...

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Victims Of Tech Support Scam Get Refunds
Victims Of Tech Support Scam Get Refunds
February 25, 2020  |  Security & Fraud

To support scam victims, the Federal Trade Commission (FTC) will start to send refunds of over $1.7 million to consumers who fell victim to a...

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