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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...
FINANCE

Bank of England to hold rates steady amid no-deal Brexit fears

Digital Desk -
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...
BUSINESS

Aston Martin shares tumble on hefty half-year loss

Digital Desk -
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...
BUSINESS

100 million applications targeted in Capital One bank data breach

Digital Desk -
A hacker gained access to personal information from more than 100 million Capital One credit applications in the US, the bank said as US...
FINANCE

Brexit-hit pound heading for worst month since 2016 after further falls

Digital Desk -
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...
MARKETS

Pharmaceutical giant Pfizer to combine with Mylan

Digital Desk -
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...
BUSINESS

Facebook hit with $5bn fine for privacy violations

Digital Desk -
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...
BUSINESS

Austrian McDonald’s to paste over slogan after Italy-themed ad campaign

Digital Desk -
The Austrian branch of McDonald’s says it will paste over a slogan that drew the ire of Italian interior minister Matteo Salvini on posters...
BUSINESS

Liberty London sold to new owners in €334m deal

Digital Desk -
Department store Liberty is to come under new ownership in a deal valuing the business at £300 million (€334m). Private equity firm Bluegem confirmed on...
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...
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