Peloton: Fitness start-up seeks to raise $1.3bn in market debut

Image copyrightGETTY IMAGES Fitness start-up Peloton plans to raise up to $1.3bn (£1.1bn) in an initial public offering, the latest loss-making firm gearing up for its market debut. The US company sells expensive stationary bikes and provides on-demand workout sessions. Peloton said it would price shares at up to $29, …

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Sports Direct investors rebel against Mike Ashley

Image copyrightGETTY IMAGES Sports Direct shareholders have registered unhappiness with founder Mike Ashley, voting in large numbers against his re-election as director. Mr Ashley owns 62% of the company, so was overwhelmingly backed to continue in the role as expected. However, almost a quarter of independent shareholders voted against his …

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Trump plans ban on sale of flavoured e-cigarettes

US President Donald Trump has announced that his administration will ban flavoured e-cigarettes, after a spate of vaping-related deaths. Mr Trump told reporters vaping was a “new problem”, especially for children. US Health Secretary Alex Azar said the Food and Drug Administration (FDA) would finalise a plan to take all …

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California passes landmark gig economy rights bill

Image copyrightGETTY IMAGES California lawmakers have passed a bill that paves the way for gig economy workers to get holiday and sick pay. Assembly Bill 5, as its known, will affect firms like Uber and Lyft, which are based in California and depend on those working in the gig economy. …

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London Stock Exchange gets £32bn Hong Kong bid

Image copyrightREUTERS The company that owns Hong Kong’s main stock exchange has made a £32bn bid to buy its rival in London. Shares in the London Stock Exchange Group jumped by more than 15% on news of the offer, but fell back later. Hong Kong Exchanges and Clearing said in …

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China scraps some US tariffs ahead of trade talks

Image copyrightGETTY IMAGES China has released a list of 16 US imports that will be exempted from tariffs in the ongoing trade war between the world’s two largest economies. They include anti-cancer drugs and animal feed. But with more than 5,000 products on it, the list of goods that are …

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Brazil”s 17 game unbeaten run ends

Brazil had not lost a game since Belgium knocked them out of the 2018 World Cup in Russia Peru ended Brazil’s 17-match unbeaten run with a 1-0 friendly win in Los Angeles. Luis Abram scored the only goal in the 84th minute, inflicting the first defeat in over a year …

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Cristiano Ronaldo scores 4 goals

Cristiano Ronaldo has scored a record 34 goals in European Championship qualifiers and finals Cristiano Ronaldo scored four goals as Portugal beat Lithuania in Euro 2020 qualifying. The Juventus forward has now scored 93 international goals, 16 behind Iran legend Ali Daei’s world record. He scored an early penalty, before …

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Ghetto love 2

OLAYINKA JOEL “Extreme poverty anywhere is a threat to human security everywhere.” Kofi Annan,Seventh Secretary- General of the United Nations. You would agree with me that,the most dangerous place anywhere in the world certainly is the ghetto. “Poverty is the parent of revolution and crime”, Aristotle. Poverty has forced people to …

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Toxic forms of relationship

When we are in a relationship we tell people just that regardless of what effect the relationship is having on us. That is to say, most of us do not know when we are in a toxic relationship. If you feel like you are losing your identity, what you believe …

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Griezmann misses second penalty in France win over Andorra

Antoine Griezmann has missed his last two penalties for France after scoring his first seven Antoine Griezmann missed his second penalty in four days but France still beat Andorra in Euro 2020 qualifying. Kingsley Coman rounded goalkeeper Josep Gomes to give Les Bleus the lead, but Gomes then denied Griezmann …

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Solheim Cup 2019: Stacy Lewis pulls out of United States team

Ally McDonald steps in as first alternate and will be one of six rookies in the US team Solheim Cup Date: 13-15 September Venue: Gleneagles, Scotland Coverage: Full live text commentary on the BBC Sport website and app followed by an hour-long highlights show on BBC Two or BBC Four each day that will …

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Nigeria: Why is it struggling to meet its tax targets?

Nigeria could be facing a fiscal crisis if it doesn’t improve its ability to collect taxes, the authorities have warned. Image copyrightGETTY IMAGES Government expenditure has doubled and debt servicing costs have grown, but revenues have missed their targets by at least 45% a year since 2015. Despite that, the …

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Google: 50 US states and territories launch competition probe

Image copyrightGETTY IMAGES A group of 50 states and territories in the US have launched an investigation into Google’s dominance of the online advertising market. The coalition warned that the search giant may be threatening competition and consumers. They also raised concerns over the way Google ranks its search results …

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British Airways: Can strike-hit airline rebuild its reputation?

Image copyrightGETTY IMAGES It’s not been a great centenary celebration for British Airways. The operator officially reached the 100-year landmark on 25 August, just as the prospect of this week’s two-day pilots’ strike was starting to panic tens of thousands of customers. To rub salt into the wounds, a report …

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Jack Ma: Alibaba begins new era as founder departs

Image copyrightGETTY IMAGES Alibaba chairman Jack Ma is due to step down from the e-commerce giant on Tuesday, marking the end of an era for the firm. He co-founded Alibaba in 1999 and it has become one of the world’s biggest internet firms. Mr Ma’s success and colourful style has …

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Wage growth stays strong as unemployment falls

Image copyrightGETTY IMAGES Wages have continued to grow at a strong pace and employment remains at record highs, official figures show. Earnings excluding bonuses grew at an estimated annual pace of 3.8% in the May to July period, down slightly from the previous reading. Including bonuses, wages rose at an annual …

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PSA boss compares no-deal Brexit to train crash

Image copyrightGETTY IMAGESPSA bosses Carlos Tavares (left) and Michael Lohscheller warned of the effects of a no-deal Brexit The head of the car group that owns Vauxhall has compared a no-deal Brexit to a head-on train crash. PSA chief Carlos Tavares also said if a no-deal Brexit had serious consequences …

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