A leading British business group says a UK exit from the EU could potentially see the loss of nearly one million jobs. The Confederation of British Industry (CBI) says the risk of leaving could cause a "serious economic shock". The business group admits that their forecast is based on the assumption that a trade deal wouldn't be agreed for a number of years. Our UK correspondent Dan Whitehead reports.
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LVMH to sell Marc Jacobs to WHP Global, G-III as buyers raise $850 million
French luxury group LVMH has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group, which are raising up to $850 million to fund the deal, the companies said on Thursday.
India caps duty-free gold imports for jewellery exporters to curb demand
India on Thursday tightened rules for duty-free gold imports for jewellery exports by capping imports at 100 kg per licence, the government said in an order.
Warsh wins confirmation as Fed chair, with inflation on the march
The US Senate on Wednesday voted to confirm Kevin Warsh as the chair of the Federal Reserve, paving the way for the lawyer, financier and former central-bank governor to take the reins of the Fed.
Dubai Taxi Company to acquire National Taxi
Dubai Taxi Company (DTC) has announced a major expansion deal, signing an agreement to acquire National Taxi, one of the UAE’s established taxi operators, in a transaction valued at AED 1.45 billion.
Sunny intervals
High: 38°C | Low: 27°C
Sunny intervals
High: 36°C | Low: 27°C
Sunny intervals
High: 36°C | Low: 27°C
