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Boeing and Bombardier set out defence in trade row

Boeing and Bombardier traded verbal blows on Monday over claims by the US planemaker that the Canadian company receives massive subsidies.The two sides appeared before the US International Trade Commission (ITC) in the latest round of their bitter row.Boeing accused Bombardier of harming sales of its 737 aircraft and …

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China tells web giants they must accept limits

Web giants such as Google, Facebook and Twitter would be welcome to operate in China if they adhered to Beijing’s strict censorship and surveillance laws, regulators have said. Access to China’s hundreds of millions of internet users would be a goldmine for the web giants, but it would only …

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Why spread-betting shares have taken a tumble

It was the early Christmas present nobody in the City’s booming spread-betting industry wanted. The European Securities and Markets Association (ESMA), a European financial regulator, said late on Friday that it was considering banning the sale of so-called ‘binary’ options to retail investors. It may also impose restrictions on …

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Fears grow for Toys R Us future over PPF demands

The future of Toys R Us’s British operations looked increasingly precarious on Monday as the UK’s pensions lifeboat demanded a £9m injection into its pension scheme in exchange for backing a rescue plan this week. Sky News has learnt that the Pension Protection Fund (PPF) and the scheme’s trustees …

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Sri Lanka appeals to Russia to lift temporary tea ban

Sri Lanka is making a special appeal to Russian President Vladimir Putin to remove a ban on Ceylon tea.Two ministers are leading a delegation to Moscow to request the suspension on Sri Lankan tea imports is lifted.Imports were halted last week after Russia found an insect known as the …

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Port Talbot steelworkers' pension help 'grossly inadequate'

Action to protect steelworkers’ pensions has been “grossly inadequate”, a committee of MPs has said. The regulator the Financial Conduct Authority has been investigating 17 companies after Tata employees said they got bad advice about moving from the British Steel Pension Scheme.Works and pensions select committee chairman Frank Field …

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