40% of Americans can’t cover emergency expense of $400, Fed report reveals
A survey by the US Federal Reserve revealed that 40% of Americans cannot cover an emergency expense of $400.
The Fed’s “Report on the Economic...
Japan’s economy contracted for first time in two years in Q1 2018
The Japanese economy contracted for the first time in two years in the first quarter of 2018.
Japan’s economy contracted at an annualized rate of...
UK wages grew at fastest rate in three years
Wages in the UK grew at their fastest rate in three years, according to new official government data.
Average growth in earnings rose to 2.9%...
UK has 3.1 million children growing up in poverty, study finds
The number of children growing up in poverty in the UK has increased by one million since 2010, according to a recent study.
The TUC...
SME export orders ‘racing ahead’ says CBI report
SME export orders showed strong growth last quarter, according to a survey of small and medium manufacturers in the United Kingdom.
This is in contrast...
California is the world’s fifth largest economy, overtaking the UK
The state of California is the fifth largest economy in the world, overtaking the UK, according to new federal data.
California, with a population of...
US jobs growth slowed in April, unemployment rate dropped to 3.9%
US jobs growth slowed in April. Employers added 164,000 jobs in April, lower than what economists had forecast of 190,000 new positions. The Labor Department...
Argentina hikes interest rates to 40%
Argentina hiked interest rates for a third time in eight days as it announced tighter government spending targets.
Argentina’s central bank hiked rates to 40%...
RBS closing 162 branches, 792 jobs will go
Royal Bank of Scotland announced it is closing 162 branches across England and Wales.
The closures are expected to affect 792 jobs.
RBS branches in England...
US economy expanded by 2.3% in Q1 2018
The US economy expanded by an annualized rate of 2.3% in the first quarter of 2018, according to the Commerce Department.
The economy was dragged...