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Asda losses widen to nearly £1bn
TDR-backed UK supermarket chain had slashed prices to try to win back customers
UK regulator plans to dilute capital rules for investment banks’ trading activities
PRA says softening Basel regulations will keep Britain aligned with US and EU
Hormuz relief may not ease the economic toll that’s already ‘baked in,’ analysts warn
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.