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 People walk past mannequins in a shopping centre

London fears losing luxury shoppers to Paris and Milan

London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where tax breaks still offer a way to cut the cost of their purchases.
The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

SoftBank's arm rebuffs London by choosing US listing

Arm, the chip designer owned by Japan's SoftBank, said on Friday it would pursue a U.S.-only listing this year, dashing the British government's hopes that the tech giant would return to the London stock market.
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