Yoox bags Net-a-Porter in merger plan

Combined company will have €1.3bn in sales

Hitachi chief looks beyond Japan

‘We don’t have any interest in becoming Japan’s No1 . . . we have to be a global player’

Kingfisher to close 60 B&Q stores

Affected shops account for 15% of total floorspace

Eskom chairman steps down

Zola Tsotsi resigns ‘in the interest of the company’

Huawei boosts R&D amid 4G revolution

Chinese telecoms group increases research budget by 29% to $6.6bn

Jay Z taps top acts to sell music service

Big recording stars given cash and stock in Tidal

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