Shares hit by Fed taper warning and virus fears; oil prices extend losing streak – business live

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Fed says it will start reducing the pace of asset purchases this year but interest rates still some way off; oil prices in longest losing streak since February 2020 due to demand fears

The annual pay of FTSE 100 chief executives fell during the pandemic but still equates to what a key worker would earn in a lifetime, according to a report that highlights the UK’s wage divide and the taxpayer support that has kept some companies afloat, reports my colleague Rob Davies.

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