crude oil

Middle East leaders cornered by subsidies

Governments in the Arab world fear social unrest if they cut expensive energy top-ups, but economic pressures may force them to do so

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Prokhorov in talks to sell Polyus stake

Tycoon in talks with buyers to sell his near-$4bn stake in the Russian gold miner, a move that could pave the way for further industry consolidation

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Cable told he needs cabinet onside

Business leaders welcome Vince Cable’s industrial strategy, but warn that cabinet colleagues and Whitehall must co-operate to make it a reality

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