Business

standard chartered

Standard Chartered cutting 1,000 senior staff in an effort to reduce costs

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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...
Earth

World economy reaches a fork with promising or dire consequences

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We appear to have reached a fork in the road, as far as the global economy is concerned. If we follow one route the...
OECD

Major economies close in on multinationals regarding tax

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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...
EU

In Campaign to keep Britain in EU to be headed by ex-M&S boss

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Ex-Executive Chairman of Marks & Spencer and current Chairman of online grocer Ocado, Stuart Rose (Lord Rose), a Tory peer, is to head the...
rsz_construction_min

UK construction output fell 4.3% in August

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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...
George Osborne

UK is not immune to global economic risks, warns Osborne

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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 Thumbnail

Brexit movement Vote Leave recruits millionaires across the political spectrum

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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...
Bank of England

BoE votes to keep rates at 0.5%, triggering FTSE gains

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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...
glass globe business Global Market

IMF cuts global growth forecast to 3.1% in 2015 and 3.6% in 2016

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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...
Office for national statistics

Good August manufacturing figures boost British pound

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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)...