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FTSE hits two-week high as stocks rebound after recent rout
London’s benchmark index was at its highest since 10 June, with oil and mining stocks leading gains.
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Business
Reuters
Russian retail lobby requests tax cuts to curb food inflation - report
Russia's major retail lobby has written to the government asking for VAT be reduced on socially important products, the Kommersant daily reported on Tuesday, along with other measures aimed at curbing food inflation and supporting the industry. Annual inflation in Russia spiked in early March, soon after Moscow sent tens of thousands of troops into Ukraine, but has slowed a little since then, standing at 16.42% as of June 17. With price increases in staple goods hitting the poorest hardest, the food retail sector has been keen to keep a lid on inflation, and Russia's Association of Retail Companies (ACORT) has written to the Federal Tax Service, asking it to consider lowering value-added-tax requirements on such goods.
Business
The Telegraph
Boots owner abandons £5bn sale - live updates
Union ballots 115,000 Royal Mail staff over 'biggest strike' of the summer Heathrow warns travel chaos will last until 2026 as regulator cuts landing fees FTSE 100 rises 1pc Alison Rose: Entrepreneurial women are being snubbed by investors Sign up here for our daily business briefing newsletter
Business
The Independent
Anonymous puts target on crypto boss who oversaw $40bn price crash
Hackers accuse Do Kwon of ‘trail of destruction’ as head of Terra Luna and UST cryptocurrencies