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Finance

Oil price falls amid hope of a breakthrough to end Iran war

Brent crude drops by more than 6% to $105.55 a barrel, the lowest level in more than two weeks The oil price has fallen to its lowest level in more two weeks amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel on Monday, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs. Continue reading...

The Guardian
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Politics

A decade of magical thinking since Brexit has taught me that it’s always OK to hope for better | Zoe Williams

The world has changed enormously since 2016, yet the pro-Brexiters believe remainers like me have no chance of achieving a closer relationship with the EU. I’m choosing to ignore them However sunny your disposition, it wears you down, 10 straight years of being asked to accept facts about Brexit that aren’t true: 52% as an “overwhelming majority”; a flaky, half-baked referendum as the endpoint of purest democracy; the severance of a complicated trading and geopolitical relationship that took decades to build as the dawn of a new prosperity. All such nonsense, all delivered with such conviction

The Guardian
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Politics

Rachel Reeves and the Starmerites are back – and they’re pointing out how little has changed | Gaby Hinsliff

Labour’s recently departed grandees are keen to defend their legacies. Is Andy Burnham really offering Britain something new? Rachel Reeves wants you to know she thinks Britain’s future belongs in Europe. She would also like to mention that she “absolutely” got all the big calls right as chancellor, even if there were a few things she would have done differently, and that John Healey’s budget last week would have been far harder for him if she hadn’t put in so much of the groundwork. The gist of her argument in last weekend’s Sunday papers – previewing a lecture at Harvard University today, re

The Guardian
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Finance

Shop fridges and freezers across Europe hit by fresh suspected cyber-attack

Chains in seven countries say cooling unit temperatures rose overnight in incident similar to hack of French shops Who is hacking Europe’s supermarket fridges and freezers, and why? Supermarket chains in at least seven European countries have said the temperatures of refrigerators and freezers in some of their shops soared overnight to as high as 50C (122F), echoing a cyber-attack last month that caused millions of euros of damage in France. Retailers in Belgium, Estonia, Ireland, Finland, Luxembourg, the Netherlands and Sweden reported problems with their refrigeration systems on Monday, and

The Guardian
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