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RBS board survives revolt over pay

RBS building

The board of Royal Bank of Scotland survived a potential shareholder revolt over executive pay packages yesterday, but warned of continued difficult times ahead as the loss-making bank continues to look to slash costs.

BHP Billiton faces legal spat in which all tactics are deemed fair

Sainsburys store front

It is ridiculous for the Brazilian independent prosecution service to argue that the damages for the disaster at Samarco, an iron ore operation owned by Vale and BHP Billiton, should be the same as those paid by BP after its Deepwater Horizon catastrophe in the Gulf of Mexico in 2010. There is no link between the two incidents.