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ECONOMY

BUSINESS

China cuts main interest rate

Digital Desk -
China has cut its main interest rate. The reduction, of a quarter of one percent, will take effect from tomorrow and is aimed at boosting...
ECONOMY

What does government spend on Welfare?

Digital Desk -
Welfare Budget Expenditure (Edited by Afolabi Thomas) According to the ONS, in the year 2013-2014 the UK government spent £251 billion on welfare, which made up...
BUSINESS

Financial Times sold to Japan’s Nikkei

Digital Desk -
Financial Times owner Pearson has agreed to sell the newspaper to Japan’s Nikkei for £844m (€1.2bn). Pearson has owned the Financial Times since 1957. The sale...
ECONOMY

One low bid at auction for Spanish ‘ghost airport’

Digital Desk -
One of Spain’s “ghost airports” – expensive projects that were virtually unused – received just one bid in a bankruptcy auction after costing some...
BUSINESS

Five-fold increase in number of bankruptcies last year

Digital Desk -
The number of bankruptcies increased by almost 570% last year - with 448 people being declared bankrupt. An increase in bankruptcies was widely expected following...
BUSINESS

China: The silent helper of nations

Digital Desk -
In today's economy, China has risen up to becoming one of the world's fastest growing economies. In the past 20 years China's GDP increased...
ECONOMY

Number of shoppers in UK stores falls for second month in a row

Digital Desk -
The number of shoppers visiting UK stores fell for the second month in a row in May, figures show. Footfall was 1% lower last month...
BLOGS

UK Economy: Trade Imbalance and Unemployment

Digital Desk -
By Afolabi Thomas In the first quarter of 2015 the UK economy grew by about 0.3%, slower than the 0.6% growth recorded in the third...
ECONOMY

Positive jobs news for US economy

Digital Desk -
US employers added a better-than-expected 280,000 jobs in May, showing that the economy has regained momentum after starting the year in a deep slump. Last...
BLOGS

How NEET are Young People in the UK?

Digital Desk -
How NEET are Young People in the UK? April 2015 (edited by Afolabi Thomas) The Office of National Statistics classifies NEET people (Young people aged 18 to...
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