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Oil exporters agree to extend output curbs

Image copyright Reuters   The world’s leading oil exporting nations have agreed to extend production curbs, aimed at boosting the oil price, by nine months. The Organisation of Petroleum Exporting Countries (Opec) and non-members, led by Russia, agreed the output limits would continue until the end of 2018. The limits …

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Care homes: Public ‘pay unfair fees to plug £1bn shortfall’

Image copyright Getty Images   Care homes have been applying unfair charges and over-the-top fees for self-funders, an official review shows. The Competition and Market Authority found some homes had applied large upfront costs and charged families for weeks after their relatives had died. The watchdog also highlighted how those …

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Bitcoin slides amid rollercoaster ride

Image copyright Getty Images   The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin is now around $9,600, down about 16% from the record $11,434 (£8,500) it hit on Wednesday. The digital currency is …

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Pound goes over $1.35 on Brexit hopes

Image copyright Getty Images   The pound broke through the $1.35 mark for the first time in two months on Thursday amid hopes of progress in the Brexit negotiations. The jump followed reports the UK had offered to pay up to €50bn (£44bn) to settle its so-called EU divorce bill. …

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Dragons Den businessmen sell Red Letter Days

Image copyright Getty Images  Image caption Theo Paphitis (left) and Peter Jones (right) bought Red Letter Days out of administration in 2005 TV businessmen Peter Jones and Theo Paphitis have sold the gift experience company Red Letter Days, which they saved from collapse, to rival SmartBox. Both companies sell balloon …

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RBS brings curtain down on ‘toxic’ bank

Image copyright Getty Images   Royal Bank of Scotland has closed its so-called “bad bank”, which was set up to handle toxic assets stemming from the 2008 financial crisis. The move is another step on the bank’s road to recovery In last week’s Budget, the government revived plans to sell …

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Shell reveals gender pay gap of 22%

Image copyright Newscast   Oil giant Shell says male staff working for the company on average earn 22% more than women in the UK. Shell says that despite this, it is confident it pays equally for equal work, and the difference in pay rates is because of a skills gap, …

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Kellogg’s to cut sugar in kids’ cereals by up to 40%

Image copyright Alamy   Cereals giant Kellogg’s is to cut the amount of sugar in its three top selling children’s cereals by between 20% and 40% by the middle of next year. The lines are Coco Pops, Rice Krispies, and Rice Krispies Multi-Grain Shapes. Kellogg’s will also stop selling Ricicles …

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A pork problem?

The United Kingdom imports the majority of the pork products we consume, from loins to bacon. With 17 months to go until we are due to leave the European Union, how will Brexit affect our pork? Denmark is the main supplier of the UK’s imported pork. There are thousands of …

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What makes a whisky cask worth £500,000?

Image copyright Getty Images   Just how much would you pay for a cask of rare Scotch whisky? For some, it seems, the sky is the limit when it comes to liquid gold. Earlier this month, an anonymous buyer in Hong Kong paid an auction-record £285,000 for a sherry cask …

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