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Wall Street takes a beating as fears of recession increase

Digital Desk -
The threat of a recession sparked a painful day in US financial markets. The yield on the closely watched 10-year Treasury fell so low Wednesday...
ECONOMY

UK economy declines for first time since 2012

Digital Desk -
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...
ECONOMY

Britain’s economic growth set to stagnate in second quarter

Digital Desk -
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...
ECONOMY

US Treasury Department labels China a currency manipulator

Digital Desk -
The US Treasury Department has labelled China a currency manipulator after Beijing pushed down the value of its yuan in a dramatic escalation of...
ECONOMY

Tesco to cut 4,500 jobs from UK stores

Digital Desk -
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...
ECONOMY

Donald Trump announces ‘small additional’ 10% tariff on Chinese goods

Digital Desk -
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...
ECONOMY

Bank of England Governor steps up no-deal Brexit warnings

Digital Desk -
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
ECONOMY

US Federal Reserve cuts interest rate for first time in more than a decade

Digital Desk -
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...
ECONOMY

UK budget deficit swells as June borrowing hits four-year high

Digital Desk -
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...
#EUREF

OBR warns no-deal Brexit could lead to recession

Digital Desk -
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,...
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