Severstal, Russia’s largest steel producer, returned to profit in the last quarter, but missed analysts’ expectations.

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Germany’s government agrees to extend the life span of the country’s nuclear power plants by an average of 12 years, officials say.

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Banking giant Barclays announces it is to expand its presence in Glasgow, creating 600 jobs.

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British Airways and Iberia draw up a shortlist of 12 airlines which the firms hope to buy or merge with.

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Afghanistan’s central bank promises to back Kabul Bank as customers continue to take out their savings.

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Google proposes paying $8.5m (£5.5m) to settle a class-action lawsuit brought over its Buzz social network, launched earlier this year.

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Pensioners hit by the Equitable Life scandal are to make a final bid to persuade the government to pay them full compensation.

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New car sales fell 17.5% in August – the second consecutive month of declines, says the Society of Motor Manufacturers and Traders.

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East Kilbride firm Goals Soccer Centres says snow wipes £0.8m off the company’s profits in the first six months of the year.

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Shares in Australia’s biggest investment bank, Macquarie Group, suffer a sharp fall after it issues a profits warning.

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