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Luxury goods retailer Burberry to close some stores

Luxury goods retailer Burberry is planning to close some stores and stop selling in outlets that are not sufficiently upmarket. The new strategy was announced along with its half-year results, which showed like-for-like sales up 4% and a 24% rise in operating profits to £127m. Burberry has been cutting costs …

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Trump does not blame China for ‘unfair’ trade

US President Donald Trump has said he does not blame China for the “unfair” trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China “credit” for working to benefit its citizens by taking advantage of the US. He spoke alongside China’s president …

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European stock markets steady as US back in record territory

London – European stock markets were steady to firmer on Tuesday as Wall Street pushed back into record territory following strong earnings from several blue-chip companies, including Caterpillar and McDonald’s, traders said. Investors took heart after US industrial giant Caterpillar lifted its profit outlook after a big jump in third-quarter …

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