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Sunday, August 18, 2019

BUSINESS

BUSINESS
Mark Carney, Bank of England

Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
Ferrari announces more profits this quarter.

Ferrari has said second-quarter profits rose 14% on higher deliveries, driven by its Portofino and 812 Superfast brands. The Italian luxury sports car manufacturer said...

Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
Federal Reserve Chairman Jerome Powell; interest rates cut for the first time in a decade.

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...
Bank of England, Interest Rates,

Bank of England policymakers are set to hold interest rates but slash economic growth forecasts on Thursday as fears of a cliff-edge Brexit mount. The...
Aston Martin shares tumble after missing earnings.

Shares in Aston Martin Lagonda have plummeted once again after the luxury car-maker revealed it swung to a £78.8 million (€86m) loss as demand from...
Capital One data breach compromises 100 million accounts

A hacker gained access to personal information from more than 100 million Capital One credit applications in the US, the bank said as US...
British Pound Sterling drops due to Brexit woes.

The pound is heading for its worst month for nearly three years as it continues to tumble amid mounting fears over Boris Johnson’s hard-line...
Pfizer buys Mylan in stock buying deal.

Pfizer is buying Mylan in an all-stock deal and combining the $10bn generic pharmaceutical company with its own off-patent branded and generic business. The Pfizer...
Facebook, U.S., Cyber security

The US Federal Trade Commission (FTC) has formally fined Facebook $5bn (€4.5bn) for privacy violations and enforced strict new oversight rules. The agency opened an...