UK economy declines for first time since 2012
The UK’s economy shrank for the first time since 2012 in the second quarter of this year, as the manufacturing and construction sectors both...
Britain’s economic growth set to stagnate in second quarter
Britain's economic growth is expected to have stagnated in the second quarter, as the manufacturing sector boost wears off while construction declines.
Economists believe that...
US Treasury Department labels China a currency manipulator
The US Treasury Department has labelled China a currency manipulator after Beijing pushed down the value of its yuan in a dramatic escalation of...
Tesco to cut 4,500 jobs from UK stores
Around 4,500 staff at Tesco are set to lose their jobs in the latest round of redundancies at the British supermarket chain, the company...
Donald Trump announces ‘small additional’ 10% tariff on Chinese goods
Donald Trump has announced a 10% tariff on $300bn worth goods going into the US from China, starting from September 1.
Early today it was...
Bank of England Governor steps up no-deal Brexit warnings
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
US Federal Reserve cuts interest rate for first time in more...
The US Federal Reserve has cut its key interest rate for the first time in a decade.
The cut aims to counter threats ranging from...
UK budget deficit swells as June borrowing hits four-year high
Britain’s budget deficit swelled by more than expected last month, after the UK Government borrowed more than £7 billion (€8bn) to help balance the...
Is gold is your best play in the current market?
Gold for years has been trading within a range of 1,200-1,400 USD/oz after falling from its highs of 1,900 in 2011. Widely used as...
OBR warns no-deal Brexit could lead to recession
Crashing out of the EU without a deal could push the UK’s economy into recession and increase borrowing by £30 billion (€33bn) a year,...
