Mt Gox Bitcoin Exchange Files For Bankruptcy

One of the world's largest bitcoin exchanges has filed for bankruptcy protection as it admitted hackers may have stolen all of its digital currency. Mt Gox has revealed 850,000 bitcoins worth about $480m (£286m) are unaccounted for following cyber attacks...

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Branson's Virgin To Pilot New Cruises Venture

By Mark Kleinman, City Editor Sir Richard Branson is drawing up plans for a secret assault on the international cruises sector which will involve raising hundreds of millions of pounds in funding from external investors. Sky News can reveal that...

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Ofgem Demands Big Six Return Customer Cash

By Mark Kleinman, City Editor Ofgem will on Friday intensify the pressure on the big six energy companies by demanding that they hand back hundreds of millions of pounds in surplus customer funds. Sky News understands that the energy regulator...

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Gamblers To Set Cash Caps On Slot Machines

New technology will allow gamblers to set limits on how much time and money they spend on gaming machines. The technology is being installed on gaming machines in England and Wales as part of a code of conduct established by the Association of British...

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RBS Slashes Costs As Markets Chief Bows Out

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) will unveil plans later to slash billions of pounds from its cost-base in an overhaul aimed at facilitating its eventual return to private sector ownership. Sky News has learnt that Ross...

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Qantas To Axe 5,000 Jobs After £126m Loss

Australian airline Qantas has announced it will cut 5,000 jobs after posting a first-half net loss of £126m. The airline, which is battling record fuel costs and fierce competition from subsidised rivals, is working to slash costs by £1.08bn over three...

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Bitcoin Turmoil After Mt Gox Exchange 'Theft'

The Bitcoin exchange industry has moved to reassure holders of the virtual currency amid reports 6% of Bitcoins in circulation, worth roughly $375m (£225m), have been stolen. The once-mighty Mt Gox exchange reportedly lost them in a cyber...

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RBS Reaches Deal To Award £550m Bonus Pot

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to pay approximately £550m in staff bonuses for 2013 after securing the agreement of the Treasury agency that is its biggest shareholder. Sky News has learnt that the taxpayer-backed...

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