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Tesco in talks to merge its China stores
Tesco is planning to merge its Chinese operations with China’s largest retailer CR Vanguard. The move will create more than 3,000 stores and combined sales of around £10bn, Tesco said.
Big six energy firms under fire for making £3.3bn profits as families struggle to pay bills
Shadow energy and climate change secretary Caroline Flint hit out at David Cameron for being “totally out of touch with millions of people and small businesses who are struggling with soaring energy bills”.
Money transfer websites withdraw support for Bitcoin
Money transfer websites CurrencyFair and TransferWise have called for clear Bitcoin regulations. “We have to ensure we’re not assisting in money laundering and terrorist financing,” said Brett Meyers, managing director of CurrencyFair.
Michael Birch launches spoof video to announce Bebo relaunch
Michael Birch, who recently bought back Bebo for $1m, says the new version will be “very different from the old one”. In the video, he promises to “come clean” after some users exploited the site’s ‘Whiteboard’ drawing feature by sketching male genitalia.
Government can lose £1bn if shops converted into homes
The Government can lose up to £1bn in business rates payments over the next decade if just a quarter of the empty shops in Britain are converted into houses and flats.