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Drug industry to challenge Nice over new cost limits

The drug industry is going to court to challenge the authority of the National Institute for Health and Care Excellence (Nice).The public body authorises spending by the NHS on expensive new treatments.In March it announced a new policy to hold back spending on new drugs that might cost more …

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Oz PM wants 'speedy' free trade deal with UK

Australia’s Prime Minister has said his country wants to “speedily” agree a free trade deal with Britain after Brexit. Speaking alongside Theresa May during a joint news conference at Number 10, Malcolm Turnbull said: “As Britain moves to completing its exit from the EU, we stand ready to enter …

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Business groups to meet Rudd for Brexit talks

Business leaders will hold separate talks with two Cabinet ministers on Monday, offering a further indication that Theresa May’s chastened administration is determined to shake off its perceived pre-election antipathy towards the private sector. Sky News has learnt that Amber Rudd, the Home Secretary, and Liam Fo‎x, the International …

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UK arms sales to Saudi Arabia ruled lawful

UK government arms sales to Saudi Arabia are lawful, the High Court has ruled, after seeing secret evidence.The court rejected campaigners’ claims ministers were acting illegally by not suspending weapon sales to the kingdom, which is fighting a war in Yemen.The UN claims strikes on Houthi rebels caused thousands …

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Carillion shares dive on sales warning

Shares in the infrastructure and construction firm Carillion are down 38% in early trading in the wake of a sales warning. The company has warned that its annual results would be “below management’s previous expectations”.The company said it would undertake a “comprehensive review” of the business.It also said its …

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Takeaway industry under threat, say campaigners

The takeaway restaurant sector is being threatened by skills shortages, an organisation representing the industry claims. Businesses are also being squeezed by rising inflation and business rates, according to the British Takeaway Campaign. Research from the campaign, co-founded by online platform Just Eat, showed takeaway restaurants contributed £4.5bn to …

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Philip Morris: Tobacco giant ordered to compensate Australia

Tobacco giant Philip Morris has been ordered to pay the Australian government millions of dollars after unsuccessfully suing the nation over its world-first plain-packaging laws. In 2012, Australia legislated that cigarettes must be sold in unappealing packets with graphic health warnings.Philip Morris had tried to force the laws to …

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China shipper Cosco to buy HK rival OOIL for $6.3bn

Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn).The deal would make Cosco the world’s third biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though the sale will still need regulatory approval.It would be the …

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