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Business News

Sony cancels The Interview release
Sony cancels the release of The Interview, a film about a fictional plot to kill North Korea's leader, after major cinemas decide not to screen it.

Putin to speak amid economic crisis
President Vladimir Putin is set to hold his annual end-of-year news conference, amid a growing economic crisis in Russia.

Fed decision lifts Asia stocks
Asia stocks are rising after the Federal Reserve pledges to be "patient" on raising interest rates from record lows.

India SpiceJet resumes flights
India's troubled airline SpiceJet resumes flights after it agreed to pay oil companies cash for fuel purchases.

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.

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".

North Sea firms facing 'crisis'
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".

German road toll plan gets go-ahead
The German government approves plans for a controversial road toll, including charging foreigners for using the Autobahn.

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

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.

Apple halts Russian online sales
Technology giant Apple says it cannot currently sell products online in Russia because the rouble's value is too volatile for it to set prices.

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.

India SpiceJet planes 'grounded'
India's troubled airline SpiceJet grounds all flights after oil companies refuse to refuel any of its planes, media reports say.

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.

Dixons Carphone sees strong trading
Newly merged Dixons Carphone says it saw a "barnstorming performance" in the UK and Ireland, but "tougher" conditions in its smaller European business. sold in £76m deal, the firm which came to fame at the height of the boom, has been sold to Swiss travel firm Bravofly Rumbo for $120m (£76m).

VIDEO: Questions over car safety in India
The Indian government has said it will tighten road safety laws, spurred by an international consumer body crash testing seven popular Indian-made cars and finding them unsafe.

VIDEO: Namibia's 'life-giving' ideas lab
A place where entrepreneurs can turn their ideas into products, the BBC visits Namibia's "fabrication laboratory".

VIDEO: Indian movies made in Singapore
A young filmmaker in Singapore is trying to make his own Indian movie. Abbas Akbar even sold his house and set up a business to bankroll the project.

VIDEO: Are pomegranates key to Afghan future?
Daud Qarizadah reports on plans to replace poppies with pomegranates in Afghanistan's agriculture industry.

VIDEO: Benin's address-less city
Residents of Cotonou - the economic capital of Benin - are hoping the addition of street names and house numbers will help improve the economy.

VIDEO: Robot: 'The transit van of the sea'
The chief executive of a specialist engineering firm explains what the underwater robots it builds are capable of.

VIDEO: Sony cyber attack leaves questions
Sony Pictures, the movie distribution arm of the Japanese consumer electronics giant, has been the target of a cyber attack. But there are few details.

VIDEO: Tackling Asia's ageing population
Asia's population is rapidly ageing, but many countries in the region are ill-equipped to deal with the older generation.

VIDEO: African Dream: Banker turned shoemaker
As part of the African Dream series, we profile an entrepreneur who turned his back on banking to set up a shoemaking company in Ghana.

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

McDonald's rations chips in Japan
Fast food company McDonald's is rationing fries in Japan as it struggles to cope with a chip shortage.

Brazil company executives charged
Brazilian prosecutors charged 35 executives from the country's largest engineering companies in connection with the Petrobras corruption scandal.

Banks in Toys R Us research fine
US regulators fine 10 Wall Street banks for promising positive research to Toys R Us in exchange for winning its business.

Lending Club shares surge in debut
Shares in Lending Club, the world's largest peer-to-peer lender, surge 56% to $23.43 per share in their New York Stock Exchange debut, valuing the firm at $8.5bn.

Rouble in free-fall despite rate rise
The rouble crashes to new record lows in Tuesday trading, hitting 79 roubles to the dollar, despite a dramatic rise in Russian interest rates.

Amazon strikes hit German depots
A three-day strike begins at Amazon distribution depots in Germany in a dispute over pay and conditions.

Uber taxi service faces Paris protest
Taxi drivers block some roads around Paris and at airports in protest at the taxi-booking service Uber.

Brent oil price falls below $59
The price of Brent crude oil has fallen below $59 a barrel for the first time since May 2009.

Nigerian oil workers go on strike
Nigeria's two main oil workers' unions begin a nationwide strike, threatening to hurt the output of Africa's largest oil producer.

Libyan troops clash over oil ports
Rival Libyan troops clash over control of two of the country's main oil terminals for a second day, leading to their closure.

Australia's budget deficit to widen
Australia's government said it expects the nation's deficit to grow to $40.4bn Australian dollars ($33.2bn) in the 12 months to June.

Lower Australian consumer confidence
A quarterly survey has found that more than one third of Australians rate the country's economy as "poor", up from 25% in September.

China buys Australian building firm
A Chinese construction giant is set to buy one of Australia's largest construction companies for $1.15bn Australian dollars ($951m; £603m).

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.

GAA stadium decision 'was unlawful'
Northern Ireland's environment minister acted unlawfully in approving a new GAA stadium in west Belfast, a High Court judge rules.

Retail robots: The droid at till no 7
The days of the shop assistant could be numbered – the robot uprising has begun. At least on the High Street, where robots are hitting the shop floor.

Shop where everybody knows your name
Shoppers are getting the VIP treatment even if they're not so very important, thanks to facial recognition technology.

Cape Town embracing mobile payments
Half of South Africans own a smartphone and mobile payments are taking off as retailers and customers begin to embrace the cashless economy.

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.

Nissan profits boosted by US sales
One of Japan's biggest carmakers, Nissan, reports a 25% increase in half-year profits as strong US sales help to offset weaker demand elsewhere.

Hyundai and Kia in record settlement
US regulators announce that carmakers Hyundai and Kia have agreed to a record settlement for overstating the fuel economy of their cars, in violation of the Clean Air Act.

Strong rise in Toyota's China sales
Japanese carmaker Toyota saw a strong rise in sales through its two joint ventures in China last month.

The people working on Christmas Day
Those who plan to spend the day working rather than celebrating

Cuba's economy set to get a boost
Five economic upsides to the US-Cuba deal

Virtual galleries open new markets for art
Online art sales boom, led by Chinese buyers

Villagers losing out to sugar growing
The villagers who are losing out to sugarcane

Thwarting retail's 'returnaholics'
The tech thwarting shopping's "returnaholics"
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