Business

Five Pound note (sterling).

Earnings in the UK rose 2.9% in the quarter to July

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Economists expect that average earnings in the UK rose 2.9 percent over the three months to July compared with a year ago. Inflation in July...
London Stock Exchange

UK FTSE 100 down 1.18 percent to 6155.81

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The UK FTSE 100 dropped on Thursday by 1.18 percent, or 73.20 points, to 6155.81. The drop came after the Bank of England voted to...
Bank of England in London

Bank of England votes to hold interest rates at 0.5 percent

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The Bank of England voted in favor of keeping interest rates at a record-low of 0.5 percent. Policymakers voted 8-1 to keep rates at the...
conveyor belt with cardboard boxes

UK industrial output plunged in July

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UK industrial production in July was very weak and exports dropped the most in nine years, according to official figures released by the Office...
Continental United plane landing

CEO of United Continental resigns amid federal investigation

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Jeff Smisek has stepped down as Chief Executive of United Continental Holdings Inc amid a federal investigation. Oscar Munoz, the Chief Operating Officer of CSX...
Chinese April international trade rebound

China’s monthly trade surplus up 40% in August to 368 billion yuan

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Chinese imports and exports both dropped in August. Imports dropped 14.3% on year in renminbi terms, while exports dropped a modest 6.1 percent from...
China

China’s foreign reserves down to $3.557 trillion

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Chinese foreign exchange reserves dropped by $94 billion in August down to $3.557 trillion, the biggest monthly fall on record. Foreign exchange reserves refers to...
UK retail sales

UK retail sales plunged in August

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Retailers in the UK suffered a huge plunge in sales in August - the worst drop since the height of the 2008 financial crisis. According...
The Federal Reserve

Fed’s Beige Book reveals economic growth across most areas

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The U.S. Federal Reserve’s latest Beige Book revealed that 11 of the Fed’s 12 regional banks reported at least modest expansion in the economy...
Chinese April international trade rebound

Chinese factory activity shrinks at fastest pace in three years

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Factory activity in China contracted at its fastest pace in three years in August, evidence that Chinese economic growth is continuing to slow. The official...