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'Jobs of the future at risk' in BiFab dispute

The union leader has told Sky News a dispute threatening 1,400 jobs is a battle for the future of skilled manufacturing in Scotland. GMB union Scotland secretary Gary Smith made his comments after hundreds of workers at Burntisland Fabrications descended on the Scottish Parliament to demand help. The engineering …

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Norway's state fund 'needs to drop oil and gas investments'

Norway’s government has been told its state-run fund should drop its investments in oil and gas stocks.Norges Bank manages Norway’s $1 trillion (£758bn) sovereign wealth fund on behalf of the government.It said the step would make the country “less vulnerable to a permanent drop in oil and gas prices”, …

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Asda sees growth slow as boss heads for exit

Asda has reported a slowdown in quarterly sales growth just weeks after announcing the departure of its latest boss. Britain’s third biggest supermarket said like-for-like sales rose by 1.1% in the third quarter to the end of September, down from 1.8% in the second quarter. But the figures provide …

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Wrong turn? car tax disc abolition 'costly'

Transport officials have admitted the abolition of paper car tax discs could be a major factor behind figures suggesting evasion has trebled since 2013. The measure was introduced in October 2014 with the aim of saving the Driver and Vehicle Licensing Agency(DVLA) up to £7m annually. But Department for …

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Alibaba's Jack Ma slips to third in China rich list

Jack Ma, the boss of Chinese e-commerce giant Alibaba, has slipped to the third top spot in Forbes’ China rich list. Mr Ma’s ranking fell one place, even though his net worth increased by more than a third to $38.6bn (£27.3bn).Asia’s richest tech billionaire, Tencent’s Pony Ma, also known …

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Security warning over Brexit customs plans

Border staff might be diverted from “crucial security functions” after Brexit to cope with a sudden increase in customs activity, MPs have warned.The Commons Home Affairs Committee said a planned 4% increase in Border Force staff was “completely unconvincing”, warning: “Security must not be put at risk by government …

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Social housing: Ministers move debt to boost building

Plans to encourage housing associations to borrow money to invest in new homes are being announced as part of a fresh government house-building drive.Housing associations will be reclassified as private bodies allowing their £70bn debt to be removed from the government’s balance sheet.Housing providers said changing their financial status …

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