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BMW workers accept revised pension deal

BMW workers in the UK have accepted a revised offer over the closure of their final salary pension scheme, ending the threat of further strikes. The agreement follows a series of stoppages at plants making the Mini and Rolls Royce cars. More than 80% of members of the Unite union ...

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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 ...

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Tottenham Hotspur not for sale, says Premier League club

North London Premier League football club Tottenham Hotspur has said that it is not in any discussions relating to a takeover offer. Media reports had said US firm Iconiq Capital was preparing an offer. Spurs are currently in the process of building a new stadium, and will play games at ...

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Stripe strikes Alipay and WeChat Pay deal for China access

US digital payments firm Stripe has struck a deal to help online retailers around the world sell more easily to Chinese customers. Merchants who use Stripe to process transactions will now be able to accept Alipay and WeChat Pay on their websites and apps. Alipay and WeChat Pay dominate online ...

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Spider-Man: Homecoming beats US box office expectations

Shares in Sony have climbed 1.7% after the latest instalment of the Spider-Man film franchise beat expectations at the North American box office. Spider-Man: Homecoming raked in $117m (£91m) in its opening weekend, topping industry estimates of $80-$110m. Sony Pictures, which owns the film rights to the Marvel comic character, ...

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Dalian Wanda deal: Why is China's 'Disney rival' being sold?

Three Chinese theme parks, intended to compete with US giant Disney’s ventures in the country, are being sold. The operations are among businesses being offloaded by conglomerate Dalian Wanda in one of China’s biggest ever property deals. Developer Sunac is paying $9.3bn (£7.2bn) for the assets, including the theme parks ...

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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 ...

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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 makes $6.3bn bid for HK rival OOIL

Chinese shipping giant Cosco has offered $6.3bn to buy its Hong Kong rival OOIL. The deal would make Cosco the world’s third biggest shipping company, with more than 400 vessels. And it would be the latest in a wave of mergers, which has left the top six shipping lines controlling ...

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Shoppers 'in the dark' about Brexit effect

UK shoppers are “completely in the dark” about the effect Brexit will have on their weekly shop, a former Sainsbury’s boss has told BBC Panorama. Justin King, who ran the supermarket for a decade, said the “last thing” any current supermarket boss would reveal was their intention to put up ...

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