Homebase sold for £1 as DIY disaster ends for Wesfarmers

Homebase sold for £1 as DIY disaster ends for Wesfarmers

Image copyright Newscast The Australian owner of Homebase has sold the DIY chain for £1, ending its disastrous foray into the UK. Wesfarmers paid £340m for the retailer two years ago, but losses and other costs will bring its total...
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Petrol diesel prices at record high: Govt may levy windfall tax on ONGC to curb spiralling retail fuel rates

Petrol diesel prices at record high: Govt may levy windfall tax on ONGC to curb spiralling retail fuel rates

New Delhi: The government may levy a windfall tax on oil producers like Oil and Natural Gas Corp (ONGC) as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel. The...
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TSB left man on hold as his wedding savings were stolen

TSB left man on hold as his wedding savings were stolen

Image copyright Ben Alford Image caption Francesca Cuff and Ben Alford had money stolen from their joint bank account with TSB A TSB customer has described how he watched thousands of pounds in wedding savings being stolen from his internet...
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McDonald’s sees off plastic straw campaign

McDonald’s sees off plastic straw campaign

Image copyright Getty Images McDonald’s shareholders have rejected a proposal asking the firm to report on its use of plastic straws, the latest part of a campaign pressing the firm to ban the items. The idea, which was backed by...
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Where are the richest households in the UK?

Where are the richest households in the UK?

Image copyright Getty Images The sharp differences in household incomes across the UK have been set out in official government statistics. The average disposable income per person (the ONS calls this household income), once taxes and benefits are accounted, wa...
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PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York court

PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York court

New Delhi: Punjab National Bank (PNB) defrauded by diamond merchant Nirav Modi and his uncle Mehul Choksi to the tune of over Rs 14,000 crore has moved a motion in the US Bankruptcy Court Southern District of New York on...
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Govt hikes customs duty on wheat to 30% to curb cheaper imports

Govt hikes customs duty on wheat to 30% to curb cheaper imports

The government has raised the customs duty on wheat from 20 percent to 30 percent in order to curb cheaper imports and protect domestic growers. The import duty on walnut shell has also been increased from 30 percent to 100...
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Uber ends Arizona driverless car programme

Uber ends Arizona driverless car programme

Image copyright Reuters Image caption National Transportation Safety Board investigators have examined the vehicle involved in the crash Uber has pulled the plug on its self-driving car operation in Arizona two months after a pedestrian was killed in an accide...
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Brexit: Technology-based customs system ‘could cost £20bn’

Brexit: Technology-based customs system ‘could cost £20bn’

Image copyright Getty Images The post-Brexit customs system favoured by Boris Johnson and other leading Brexiteers could cost businesses up to £20bn a year, officials have suggested. The chief executive of HM Revenue and Customs told MPs firms would have...
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NSE drags Singapore Exchange to Bombay High Court over Nifty-based derivatives products launch

NSE drags Singapore Exchange to Bombay High Court over Nifty-based derivatives products launch

New Delhi: Leading bourse NSE has dragged the Singapore Exchange (SGX) to court over the overseas bourse’s plans to launch Nifty-based derivative products. SGX has, however, reiterated its plan to list the new Indian derivatives in June. “SGX has b...
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