Standard Chartered cutting 1,000 senior staff in an effort to reduce costs
Standard Chartered plans on cutting 1,000 senior staff in an effort to reduce costs, according to a recent memo sent to employees.
The news was...
World economy reaches a fork with promising or dire consequences
We appear to have reached a fork in the road, as far as the global economy is concerned. If we follow one route the...
Major economies close in on multinationals regarding tax
Once again, the world’s major economies have signed up to a package of measures which they say will make it much harder for multinationals...
In Campaign to keep Britain in EU to be headed by ex-M&S boss
Ex-Executive Chairman of Marks & Spencer and current Chairman of online grocer Ocado, Stuart Rose (Lord Rose), a Tory peer, is to head the...
UK construction output fell 4.3% in August
According to the Office for National Statistics (ONS), construction output in the UK fell 4.3% in August - the biggest drop since 2012.
In the...
UK is not immune to global economic risks, warns Osborne
Chancellor George Osborne warned on Friday that global economic risks are rising and the UK will not be immune, adding that recovery will slow...
Brexit movement Vote Leave recruits millionaires across the political spectrum
Vote Leave is the name of the new cross-party Brexit (Britain exiting the EU) campaign. It has the financial backing of several millionaires who...
BoE votes to keep rates at 0.5%, triggering FTSE gains
The Monetary Policy Committee of the BoE (Bank of England) voted by a majority of 8-1 to maintain the Bank Rate at 0.5%, a...
IMF cuts global growth forecast to 3.1% in 2015 and 3.6% in 2016
The International Monetary Fund cut its global growth forecasts again and warns that "global financial stability is not yet assured”.
The IMF expects the global...
Good August manufacturing figures boost British pound
After a July slump of -0.7%, UK manufacturing was +0.5% up in August, according to figures published by the Office for National Statistics (ONS)...