Image copyright Reuters Image caption Christine Lagarde, here with her lawyer at the start of the trial, denies any wrongdoing IMF chief Christine Lagarde has gone on trial in France for negligence over a compensation payment made by a state-owned bank to a businessman in 2008. As finance minister of …
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Image copyright AFP Image caption The value of a 100-bolivar note has dropped to just 2 US cents on the black market The Venezuelan government has announced it will remove the country’s highest-denomination banknote from circulation within 72 hours to combat contraband. Central bank data suggests there are more than …
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Image copyright EPA Large stores should be banned from opening on Boxing Day, an MP has suggested, as an antidote to the nation’s “obsession with shopping”. Helen Jones said Boxing Day should be a “day of rest” after the rigours of Christmas and starting sales meant lost family time and …
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Image copyright MIKHAIL MORDASOV Oil prices have surged after oil producing countries that are not Opec members agreed to cut output. Brent crude jumped to $57.89 a barrel – the highest since July 2015 – before falling back to $56.55, although that was still a gain of 4.1% on the …
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Image copyright PA Image caption Stronger consumer spending helped to boost the economy in the third quarter “The business as usual” approach taken by many firms following the Brexit vote has helped boost UK growth this year, but it will not last, the British Chambers of Commerce (BCC) has warned. …
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Chancellor Philip Hammond has backed a transitional deal for Brexit saying it would be “helpful” to allow longer than two years for the UK’s EU exit. Mr Hammond told the Treasury select committee that there was an “emerging view” that having longer would tend towards a “smoother transition” . There …
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