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‘UK must stay in customs union with EU’

Bloomberg The UK should ensure it stays in a close and comprehensive customs agreement with the European Union, providing tariff-free trade in all goods after Brexit, according to the leader of a major business group. Remaining in a customs union with the EU will be far more valuable than striking trade deals elsewhere, Carolyn Fairbairn, director general of the Confederation ...

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Uber completes sales of $9.3bn in stock with SoftBank

Bloomberg Uber Technologies Inc. completed its deal with SoftBank Group Corp., triggering a slate of governance reforms at the ride-hailing company. Uber shareholders sold about $8 billion at a discounted price to a group of investors led by SoftBank, making the Japanese conglomerate the largest shareholder. SoftBank also invested $1.25 billion directly into Uber at a valuation of about $70 ...

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Italy vote: Facebook ups the ante on fake news

Bloomberg Facebook Inc. is intensifying scrutiny of its pages to root out bogus news reports and other attempts to interfere with Italy’s general election in March, according to people familiar with the matter. The US company will allocate more resources to ensure users comply with its guidelines during the election campaign, two people said, asking not to be named because ...

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