US slashes proposed tariffs on Italian pasta imports

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The plan to impose steep tariffs on 13 producers could have seen major price rises for US consumers.

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A rally on the first trading day of the new year has taken London's main share index through the milestone.

It would mark the first time the Chinese firm has outpaced its American rival for annual sales.

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11.01	The FTSE 100 has hit a record high. Is now the time to start investing?
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