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Free trade deals for ‘poorest countries’ to be maintained post-Brexit

Image copyright AFP/Getty Images Free trade deals with developing countries will continue post-Brexit, the government has said. The UK will maintain an EU deal, which provides 48 countries with duty-free access to Britain for imports. It means British firms do not pay import tariffs on goods bought from countries such ...

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Big hitters

Image copyright Reuters Image caption The teams have been playing warm up matches, including one between England and Sri Lanka The Women’s Cricket World Cup takes to fields across England this weekend, looking to bowl over youngsters and women, not to mention businesses, with their event. As well as seeking ...

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Building society’s account deadline axed

Image copyright YBS A deadline for the closure of current accounts with the Norwich and Peterborough (N&P) has been cancelled, with 30% of customers still to receive letters explaining the move. It was announced in January that the building society’s brand is to be abolished, some branches closed, and current ...

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Tesco is raising store staff pay by 10.5% over two years

Image copyright Getty Images Hourly pay rates for Tesco store staff will rise by 10.5% over the next two years, the supermarket has said. But pay remains lower than at Aldi and Lidl and overtime pay on Sundays and Bank Holidays is being cut. Currently Tesco workers are paid £7.62 ...

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Troubled Toshiba flags deeper losses

Image copyright Getty Images Ailing electronics giant Toshiba has said its losses for 2016 may be greater than it had previously forecast. It now predicts a net loss of 995bn yen (£7bn) for the year to March, up from its earlier estimate of 950bn yen. The firm was demoted to ...

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ECB bids for more euro clearing oversight

Image copyright Getty Images Image caption London is the world leader for clearing all types of currency-denominated derivatives The European Central Bank has put forward a proposal to boost its oversight over euro clearing. The legal amendment would give it a “significantly enhanced” role in regulating the lucrative market. London ...

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FTSE 100 slides as pound rises

Image copyright AFP UK shares lost ground as trading got under way on Friday but the pound climbed against the dollar. The benchmark FTSE 100 index fell 33.39 points to 7,405.90. Pharmaceutical firms were among the biggest fallers in the index, with Shire down 1.9% and AstraZeneca dropping 1.3%. Broadcasting ...

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Watchdog clamps down on online gambling

Image copyright AFP The competition regulator is to take action against some online gambling companies which it suspects of breaking consumer law. The Competition and Markets Authority (CMA) said some punters did not get the deal they expected from sign-up promotions offering cash bonuses to attract them to gaming websites. ...

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Auditors lambast Hinkley Point deal

Image copyright PA Image caption Artist’s impression of Hinkley Point C building proposals UK government plans for a new £18bn nuclear power station have come under fire from public auditors, who call it “a risky and expensive project”. The case for the Hinkley Point C plant in Somerset was “marginal” ...

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Fed: US banks have money for crisis

Image copyright ANDREW CABALLERO-REYNOLDS/AFP/Getty The 34 largest banks in the US have money on hand to withstand a severe recession, the US central bank said on Thursday. The finding comes from an annual “stress test” conducted by the Federal Reserve. The tests were put in place after the financial crisis ...

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One year on

Image copyright Getty Images Before last year’s Brexit vote, there were warnings from many economists that the UK would suffer a catastrophic economic shock and be catapulted into recession by a Leave vote. As it turned out, those predictions were a touch pessimistic. But one year on, what do economists ...

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New railway connection to London Luton Airport approved

Image copyright London Luton Airport Image caption The new rail link will connect the existing Luton Airport Parkway station to the terminal building London Luton Airport is to get a new railway station so that trains can run directly to the terminal. A 1.4-mile (2.2km) rail line will be built ...

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