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Price of bourbon and Levi's to soar as EU hits back at US

The European Union’s retaliatory tariffs come into force today targeting American products, including whiskey, motorcycles and peanuts.   Its duties target goods worth $3.3bn (£2.5bn) after the United States imposed tariffs on the bloc’s steel and aluminium. President Donald Trump is pushing ahead with his campaign pledge to protect American …

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First beer, now chicken! Shortage warnings as CO2 stocks fall

First drinks producers were warning about beer – now chicken could also be at risk due to dwindling carbon dioxide (CO2) stocks. The British Poultry Council (BPC) has called on the government and gas producers for help after beer, fizzy drinks and meat producers all warned of possible shortages …

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Ex-F1 owner CVC gatecrashes £3bn GEMS float

The former controlling shareholder in Formula One motor racing has made a takeover approach to investors in GEMS Education, a Dubai-based schools group which has been planning a £3bn London flotation. Sky News has learnt that CVC Capital Partners is in talks about a plan to gatecrash GEMS’ initial …

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Bank of England votes to hold interest rates at 0.5%

The Bank of England has kept interest rates on hold but pressure for an increase has grown on the monetary policy committee (MPC). Minutes from the meeting showed that the bank’s chief economist Andy Haldane had joined two other members of the rate-setting committee in voting for a hike. …

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TSB meltdown: IT testing 'inadequate', report finds

TSB’s response to the failure of its notorious IT migration faced initial criticism from the team of specialists it called in to help, it has been revealed. The treasury select committee of MPs, which has been investigating the fallout, has released the findings of a preliminary report for the …

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