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ECONOMY

European Banks in Trouble? Huge Risk of Financial Instability

Wall Street firms warn that the Eurozone banks pose a high risk of financial instability. Most likely due to the sounding of alarms over...

UK manufacturing output at highest level since June 2014

Output in Britain's manufacturing sector reached its highest level for more than two years as the industry continued to bounce back from a post-Brexit...

How Brexit vote aftermath unfolded in business world

The Brexit vote was followed by a deluge of warnings from businesses amid fears over the hit to consumer confidence and as the pound...

Nigeria Officially declares it’s in a Recession

The country's gross domestic product declined by 2.06% in the second quarter of the year, according to data released. The oil-and import-dependent economy also declined...

Paddy Power Betfair records 18% growth

Paddy Power Betfair saw its revenue rise by 18% to £759m (€885m) during the six-month period to June, as its time as a combined...

Sports Direct shareholders urged to vote against Mike Ashley

Sports Direct's shareholders are being urged to block the re-election of Mike Ashley to the board as the tycoon comes under increasing pressure over...

Gibraltar warns of hard Brexit ‘existential threat’ to its economy

A "hard Brexit" by the UK from the European Union would pose an "existential threat" to Gibraltar's economy, the territory's chief minister has warned. Fabian...

London’s office buildings still ‘safe bet’ for foreign investors post Brexit

Foreign buyers are swarming London's commercial property market as they look to capitalise on the collapse in sterling following the EU referendum, with Asian...

China blasts ‘unjustified’ EU steel tariff increase

Beijing has criticised new European tariffs on Chinese steel as "unjustifiable" protectionism, weeks after commerce ministers from G20 nations pledged to promote free trade. The...

UK house sellers encouraged to get ready for summer peak

House sellers are being encouraged to get their properties market-ready in time for the traditional summer peak of activity. In 2015, August 10 was the...

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