Triple-Dip Recession May Be Dodged Says Report

Britain is set to avoid the feared 'triple-dip' recession, according to a new survey. Business confidence has now strengthened to the highest level since the second quarter of 2011, the ICAEW/Grant Thornton Business Confidence Monitor (BCM) report has...

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RBS Told To Pay Libor Fine From Bonus Pot

Chancellor George Osborne wants any fine paid by the Royal Bank of Scotland over the Libor scandal to come out of its bankers' bonuses. RBS, which is majority-owned by the taxpayer, is expected to agree a fine of £400-500m next week with US and British...

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Google Boss: China Is Prolific Computer Hacker

China operates the most "prolific and sophisticated" computer hacking operation in the world, according to Google chairman Eric Schmidt. The Chinese are willing to use such underhand technology tactics for industrial espionage that it puts foreign firms...

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Exclusive: Barclays Finance Chief Lucas Quits

By Mark Kleinman, City Editor The group finance director of Barclays is to step down amid an ongoing probe by British regulators into a controversial £7bn capital-raising that allowed the bank to avoid the Government's clutches in 2008. I can exclusively...

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Amplats Results: Huge Loss After Mine Woes

A platinum miner in South Africa which delayed plans to lay off 14,000 workers has come under increasing pressure after profits plunged more than £100m. Anglo American Platinum (Amplats) has posted a loss of $225m (£143m) for 2012 as it battles to keep...

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Osborne: Bank Reforms Will Protect Taxpayer

Extracts From Osborne's Speech Updated: 12:18pm UK, Monday 04 February 2013 As Chancellor George Osborne reveals new-ring-fencing regulation to prevent banks from using the "too big to fail" excuse, Sky News has access to the abridged text. Think...

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China: People's Daily Rejects US Hacking Claims

By Mark Stone, China Correspondent The United States is "fanning fear of China" according to a front page article in China's People's Daily. The newspaper, which is the mouthpiece of the ruling Communist Party, robustly rejected claims of probable...

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Nuclear Build: Centrica Pulls Out Of Project

Centrica has announced it will pull out of the nuclear reactor build programme, as a new report puts the clean-up cost of Sellafield at £67.5bn. The announcement follows a similar decision by German-owned npower, leaving only French and Chinese bidders...

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Lloyds Thrashes Out New CEO Bonus Scheme

By Mark Kleinman, City Editor The boss of Lloyds Banking Group would receive multimillion pound bonuses only if the taxpayer's £17.5bn investment returns to the black, under plans being discussed by its board. Sources tell me that the Lloyds remuneration...

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Visa In Court Over Alleged Misuse Of Power

Credit card giant Visa is being sued by Australia's competition watchdog over alleged abuses of its power. The Australian Competition and Consumer Commission (ACCC) has launched legal proceedings against Visa, claiming it "misused its market power"...

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