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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2026.
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Friday, Oct. 23, 2026. Photograph: Ahn Young-joon/AP

Government says it will 'slash red tape' to save businesses £800m

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