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Alexander Wang releases response to sexual assault claims via Instagram

Alexander Wang releases response to sexual assault claims via Instagram

Designer Alexander Wang has denied accusations of sexual assault claims in multiple statements, the latest being via Instagram.
Fashion
UK and EU both approve Brexit trade deal, no tariffs, but more paperwork

UK and EU both approve Brexit trade deal, no tariffs, but more paperwork

British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the EU on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.
Fashion
"Zero tariff and quota" Brexit trade deal agreed at 11th hour

"Zero tariff and quota" Brexit trade deal agreed at 11th hour

The UK and the EU have agreed a trade deal almost at the last minute with the existing transitional deal that followed the UK's official EU exit earlier this year due to expire in just a week.
Fashion
China launches probe into Alibaba for suspected monopolistic behaviour

China launches probe into Alibaba for suspected monopolistic behaviour

China has launched an investigation into Alibaba Group for suspected monopolistic behaviour, regulators said on Thursday.
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Brexit trade deal marathon heads to the finish line

Brexit trade deal marathon heads to the finish line

Britain and the European Union appeared close to clinching a long-elusive trade agreement on Wednesday, raising hopes that they were now set to avoid a turbulent economic rupture on New Year’s Day.
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Pontegadea increases UK subsidiary's share capital by over €50 million

Pontegadea increases UK subsidiary's share capital by over €50 million

The investment company owned by Inditex’s founder Amancio Ortega has boosted its Pontegadea UK subsidiary with a €51.1 million share capital increase, readying it to carry out further investment.
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Indian TikTok clone gets Google, Microsoft backing in $100 million fund raise

Indian TikTok clone gets Google, Microsoft backing in $100 million fund raise

The Indian parent of a TikTok copycat has raised more than $100 million from investors including Alphabet Inc’s Google and Microsoft, months after the Chinese-owned short-video app was banned in the country.
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UK economy saw partial recovery in Q3, recession risks ahead

UK economy saw partial recovery in Q3, recession risks ahead

Britain’s economic recovery from its coronavirus crash was quicker than previously thought in the third quarter, according to official data, but new lockdowns are threatening to cause a another recession.
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Under Armour completes sale of the MyFitnessPal platform to Francisco Partners

Under Armour completes sale of the MyFitnessPal platform to Francisco Partners

The company first announced that it would sell MyFitnessPal to Francisco Partners for a total of $345 million in October. 
Fashion
More than 150 million consumers planning to shop on Super Saturday

More than 150 million consumers planning to shop on Super Saturday

According to a report from NRF, more than 150 million U.S. consumers intend to shop on Super Saturday, the second-highest number of anticipated shoppers on the day since 2016.
Fashion
Indonesia e-commerce giant Tokopedia aims for $1 billion dual U.S., domestic IPO - sources

Indonesia e-commerce giant Tokopedia aims for $1 billion dual U.S., domestic IPO - sources

Indonesia's Tokopedia is lining up an initial public offering (IPO) worth at least $1 billion next year, sources said, in what could be the biggest overseas listing by a Southeast Asian start-up.
Fashion
FedEx profit leaps on rate hikes, e-commerce shipments

FedEx profit leaps on rate hikes, e-commerce shipments

U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
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'Gorilla' Google hit with third lawsuit as U.S. states sue over search dominance

'Gorilla' Google hit with third lawsuit as U.S. states sue over search dominance

The lawsuit against the company's parent Alphabet Inc follows years of complaints that it and other big tech firms including Facebook and Amazon use their massive market power to smite competitors in pursuit of profits.
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E-commerce firm Wish sees shares fall 5% in market debut

E-commerce firm Wish sees shares fall 5% in market debut

Shopping app Wish’s parent company ContextLogic Inc saw its share price fall more than 5% in its trading debut on Wednesday, after raising $1.1 billion in an initial public offering (IPO).
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U.S. retail sales decrease more than expected in November

U.S. retail sales decrease more than expected in November

U.S. retail sales fell for a second straight month in November, likely weighed down by raging new Covid-19 infections and decreasing household income.
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Facebook to test relaunched Instagram Lite in India

Facebook to test relaunched Instagram Lite in India

Facebook Inc said on Wednesday it is testing a new, less data-intensive version of its photo and video sharing app Instagram in India, a key growth market for the U.S. social media giant.
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