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BBC News - Business - UK Edition 

North Sea oil sector near 'collapse'

The director of Premier Oil says no new North Sea projects are profitable with oil below $60 a barrel and the industry is "close to collapse".

Swiss interest rate to turn negative

Switzerland's National Bank will bring in a negative interest rate cutting the value of any money left on deposit in the country.

Putin seeks to ease economic fears

President Vladimir Putin seeks to ease fears over Russia's economy, insisting that the dramatic fall in the rouble will stabilise.

Fall in oil prices 'temporary'

Recent falls in the price of oil are likely to be temporary, says the oil minister for Saudi Arabia, Opec's biggest producing nation.

Retail sales boosted by Black Friday

UK retail sales rose at their fastest annual rate in more than 10 years in November, thanks to the effects of Black Friday.

Snapchat boss tearful at Sony hack

Snapchat founder Evan Spiegel left "devastated" as plans for his messaging app are leaked as part of the Sony Pictures hack.

Mortgage lending dip 'continues'

UK mortgage lending in November returned to the level seen a year earlier, lenders say, offering more evidence of a post-summer slowdown.

Royal Mail sale '£180m underpriced'

The government made £180m less from the sale of Royal Mail than it could have, and the process of privatising state assets should be reformed, says a new report.

Mobile deal to reduce 'not-spots'

Agreement is reached between the government and the country's biggest mobile networks to improve coverage across the UK.

US Fed 'patient' over rate rises

US Federal Reserve says it will be "patient" in deciding when to raise interest rates, with most analysts expecting a rise in mid-2015.

UK using less energy, report finds

People in the UK are using less energy, even though the economy is growing, new figures confirm.

FTSE 100 higher on Fed statement

UK shares jump as investors react to the latest comments from the US Federal Reserve, while energy shares are boosted by a rise in the oil price.

Avon fined $135m for China bribes

Beauty company Avon has been fined by the US Securities and Exchange Commission for paying bribes and gifts to Chinese officials.

German road toll plan gets go-ahead

The German government approves plans for a controversial road toll, including charging foreigners for using the Autobahn.

New York bans fracking due to risk

Fracking, the controversial method of oil and gas development, will be banned in New York state after a report concludes the process poses "significant public health risks".

Russia plans new action over rouble

Russia says it is planning new measures to stabilise the rouble after its slump against the dollar.

Government to sell more Lloyds shares

More shares in Lloyds Banking Group are to be sold by the government, in a move which could raise up to £3bn.

'Tax shock' from Christmas party

Employers could scupper the season of goodwill by leaving their staff exposed to a tax charge after their Christmas party, accountants warn.

Rihanna's new job... at Puma

Singer Rihanna will "directly influence product collections" in her new role as women's creative director at Puma.

Pension 'guilty secrets' exposed

Pension savers with the smallest pots can be exposed to the highest levels of charges, an independent report reveals.

UK sees pick-up in wage growth

Wage growth picked up in the three months to October and outstripped the rise in the cost of living, while unemployment fell again, official figures show.

Petrol 'to fall below £1 a litre'

Petrol could soon sell for less than £1 a litre thanks to the plummeting price of oil, motoring organisation the RAC has predicted.

Oil price forces new Nigeria budget

The prolonged slump in the price of oil forces oil-export dependent Nigeria to revise its budget plans, prompting its currency to fall to a record low.

Osborne sets 18 March Budget date

Chancellor George Osborne is to deliver his last Budget of the Parliament on 18 March 2015, weeks before the election.

Ministers criticised over train deals

A committee of MPs criticises the government after saying taxpayers have been left "bearing all the risk" from purchases of new trains worth £10.5bn.

Building the biggest baby food firm

How Paul Lindley, the boss of Ella's Kitchen, built up the UK's largest baby food business.

Unwrapping Africa's red tape

Malawian business tycoon Mike Mlombwa tells the BBC how to deal with red tape and stay on the right side of the law when doing business.

The value of celebrity endorsements

A growing number of small firms are boosting sales thanks to securing celebrity endorsements, but doing a deal with a famous figure doesn't necessarily guarantee success.

SPFL withholds Gers cash over EBTs

The SPFL is to withhold £250,000 due to Rangers for broadcast fees to cover a fine relating to employee benefit trusts.

Fifa dismisses Garcia complaint

Fifa dismisses a complaint from its own World Cup corruption investigator Michael Garcia as well as two whistleblowers.


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