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Lloyds predicts UK house prices will fall 8% next year

The UK’s biggest mortgage lender says property prices will drop next year then stagnate for another four.

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Credit Suisse cuts 9,000 jobs to stem losses

After a series of scandals and financial losses the Swiss banking giant is cutting jobs and restructuring the business.

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Ticketless train travellers to face £100 penalty

The government says penalty fares will rise from £20 to £100 in January.

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World facing ‘first truly global energy crisis’, report says

Russia’s invasion of Ukraine will have long-lasting effects on energy supply, a new report says.

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Thai transgender tycoon buys Miss Universe contest

The purchase of the firm, once co-owned by Donald Trump, comes as the pageant becomes more inclusive.

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Lee Jae-yong: Samsung appoints convicted heir to top job

Lee Jae-yong was found guilty of bribery and embezzlement before being granted a presidential pardon.

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California’s cannabis-growing nuns pray for profits

The income the Sisters of the Valley make from growing cannabis is at half its pre-pandemic level.

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Crunch time as crisp makers adopt plastic-free packets

While the big producers ask for more time, smaller businesses are going biodegradable.

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Made.com furniture website on brink of collapse

The online retailer says talks with potential buyers had failed, pushing it towards administration.

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Energy bill help for all is too expensive, warns the World Bank

Some Covid help was not targeted enough and the same is happening with energy bills, its president says.