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The latest business news from Guardian Unlimited.
Oil pushes ever higherPrice of litre of petrol tops £1 for first time in UK as oil surges on a North Sea storm. By Graeme Wearden. |
Dollar hits 26-year low against poundThe pound climbed to $2.10 for the first time since 1981 today, boosted by speculation that China was preparing to shift its foreign reserves out of dollars. By Graeme Wearden. |
US gloom weighs on FTSEMarket report: London shares resumed their downward trek today, knocked by volatile oil prices, a tumbling dollar, jitters around banks and more anxieties on Wall Street. By Katie Allen. |
Virgin Media hails growth 'turnaround'Virgin Media signals that era of upheaval marked by public rows with BSkyB is behind it as the cable TV company posts strongest customer growth in more than a year. By Katie Allen and Chris Tryhorn. |
Jazz label joins the DRM-free revolutionRecord label Universal Music Classics & Jazz is making its entire catalogue available online without copy protection as part of an experiment to gauge fans' demand for MP3 tracks. By Katie Allen. |
ITV plc shares hit all-time lowITV's share price fell to an all-time low after it emerged the company wants BSkyB to sell its 17.9% stake. By Chris Tryhorn and Katie Allen. |
Congressmen corner Yahoo! over jailed Chinese dissidentThe head of the American internet company delivered a personal apology today to the tearful mother of a Chinese journalist who was jailed using email information provided by the firm to secret police in Beijing. By Andrew Clark. |
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