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Clegg calls for resumption of BAE-Saudi Probe

Nick Clegg, leader of the Liberal Democrats has urged the government to resume an investigation into bribery allegations surrounding a £43 billion arms deal between BAE Systems and Saudi Arabia.

FTSE Edges Down After Rate cut

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The FTSE 100 share index fell marginally on Thursday, dropping 18.8 points to 5,965.1 (down 0.3 per cent) after the Bank of England cut interest rates from 5.25 to 5 per cent.

High Court rules against SFO on Saudi deals

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The High Court gave a ruling on Thursday that the Serious Fraud Office (SFO) acted unlawfully when it dropped a corruption inquiry into an arms deal involving BAE Systems and Saudi Arabia.
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FTSE falls early on Tuesday

The FTSE 100 share index fell early on Tuesday. At 08:34 on Tuesday the FTSE 100 was down 41.2 points to 5,973.6 (down 0.7 per cent).
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BT new CEO announced

BT Group has announced that the head of BT Retail will be succeeding Ben Verwaayen as chief executive of the group on 1 June 2008. Verwaayen is to leave the board of BT completely on 30 June.
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News Corp. Acquires UK's Utarget

Fox International Channels, News Corp.'s pay television unit outside the U.S., acquired a 56 percent stake in European online video advertising network Utarget in an effort to increase its international ad revenue.
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Severn Trent fined £35.8 million

Water regulator Ofwat said it was planning to fine Severn Trent Water £35.8 million for deliberately providing false information to the regulator and providing poor service to its customers.
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Why people hold Gold to their hearts

From gold exchange traded funds (ETFs) to gold stocks to buying physical gold, investors now have several different options when it comes to investing in the royal metal.But what exactly is the pur...
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UN Renews Iran Nuclear Talks in April

The U.N. Security Council agreed on Monday to meet in later this month to discuss incentives previously offered to Iran on its nuclear program, U.S. officials said.
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Faulty ETS may help polluting generators: WWF

Commodity Online Warning that if the EU s Emissions Trading System (ETS) is not implemented properly it will spell negative impact, the WWF said that polluting electricity generators in Eur...
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Kerviel Sues Soc Gen

Jérôme Kerviel, the rogue trader alleged to have lost Societe Generale 5 billion euros ($7 billion), has launched court proceedings to contest his dismissal for gross misconduct, according to a U.K. media report.
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GAIL inks deal to market PMT gas

Commodity Online NEW DELHI: The state run GAIL has signed a deal with the consortium of the Panna Mukta and Tapti gas fields (PMT) for marketing the natural gas produced from the PMT field.
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S&N shareholders support takeover

Brewer Scottish & Newcastle (S&N) has said that its shareholders voted overwhelmingly in favour of a £10 billion takeover big from a consortium of Carlsberg and Heineken. The vote was taken at an extraordinary general meeting on Monday.
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Game for a Laugh?

By Adrian AshEvery time the bankers cock up, your money steps in thanks to government bail outs to patch up the losses.
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Peak Oil: World will never produce too more oil

By Edward Tapamor Peak oil is a reality. It may take a generation for al the effects to be played out but they will be played out. They will never be solved by current economic thinking, because it was current economic thinking that caused it.

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