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Bitcoin: South Korea sways cryptocurrency prices – but how?

Image copyright Getty Images South Korea’s government has been signalling that it plans to crack down on cryptocurrency trading. Exactly how it will do this remains vague. But just the threat of action has been enough to drive a sell-off across the market globally. Bitcoin, for example, has lost nearly ...

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Australia files WTO complaint over Canada wine sales

Image copyright Getty Images Image caption Australia has complained about Canadian restrictions on wine sales Australia has filed a trade complaint that accuses Canada of placing “discriminatory” rules on the sales of imported wine. The formal objection, lodged with the World Trade Organization (WTO), follows a similar complaint made by ...

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Nestle sells Crunch, Nerds and other US brands to Ferrero for $2.8bn

Image copyright Getty Images Nestle is selling its US sweets and chocolate business to Ferrero Group for 2.7bn Swiss Francs ($2.8bn; £2bn). The Swiss food giant said it was offloading brands such as Crunch, Nerds, Runts and Butterfinger to focus on other products. Italy’s Ferrero, which makes Nutella spread, Tic ...

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CBI criticises short-term policies to improve skills base

Image copyright PA The latest measures to improve Britain’s skills base are not working, the CBI employers’ group has warned. The organisation, which represents the UK’s biggest companies, said programmes such as the apprenticeship levy had “alienated” firms. CBI managing director Neil Carberry criticised successive governments’ short-term approach to tackling ...

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Waitrose hit as Verifone payment system crashes

Image copyright Waitrose Waitrose has apologised after customers were left unable to pay by card on Tuesday evening. The supermarket chain was one of several businesses hit by a failure at card machine network Verifone. Customers in Birmingham and London were among those taking to social media, saying they had ...

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South African lawyers demand $130m refund from firms

Image copyright AFP Image caption South African officials are hoping to reclaim $130 million paid out by the state power company, Eskom. South African prosecutors have called for two consultancy firms to repay $130 million (£94.4 million) they earned from the state power company, Eskom. McKinsey, and a local firm ...

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Carillion fallout

Image copyright Reuters The timetables of big UK building projects have been thrown into doubt by the collapse of Carillion. Major new hospitals in Liverpool and the West Midlands face further delays after the liquidation of the UK’s second biggest construction firm. Work has yet to restart on those sites, ...

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TVR sports car firm stake bought by Welsh Government

Image copyright Getty/Evening Standard Image caption The TVR at the London motor show in 1971 The Welsh Government has bought a 3% stake in the sports car maker TVR for £500,000. It has also provided a £2m loan to the company ahead of production getting underway in Ebbw Vale. TVR ...

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Family of H&M child model moved house ‘for security’

Image copyright H&M website The mother of the five-year-old H&M model caught up in a racism row has told the BBC her family has moved house in Sweden “for security reasons.” Last week, photos of Liam Mango modelling a “coolest monkey in the jungle” hoodie went viral, with social media ...

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Uber to introduce limit on drivers’ hours

Image copyright PA Uber is introducing a new policy on drivers’ hours across the UK next week, which it says will help to increase safety for drivers and passengers. A licensed driver on its app must take an uninterrupted six-hour break after 10 hours of driving with a passenger or ...

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Peter Hain accuses London law firm of ‘whitewash’

Image copyright PA Image caption Lord Hain’s allegations have been dismissed by the law firm as unfounded A British peer has accused UK-based law firm Hogan Lovells of helping to cover up corruption in South Africa. The firm had carried out a “fatally flawed whitewash” after being hired to investigate ...

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McDonald’s aims for fully recycled packaging by 2025

Image copyright Getty Images Fast food giant McDonald’s has said all its packaging worldwide will come from sustainable sources by 2025. The restaurant chain will aim to get all items like bags, straws, wrappers and cups from recycled or renewable materials, up from half currently. McDonald’s also wants 100% of ...

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