IMF predicts global economic growth of 3.6% in 2017 and 3.7% in 2018
The International Monetary Fund revised its growth forecast for the global economy in October. It now predicts growth of 3.6% this year and 3.7%...
UK worker productivity declined again in the second quarter
Britain’s productivity continued to weaken in the second quarter of 2017, according to the Office for National Statistics (ONS) said.
There was a 0.1% decline...
Moody’s downgrades UK’s credit rating to Aa2
Moody's Investors Service downgraded the UK’s credit rating amid economic uncertainty and concerns about the country’s public finances.
The credit agency downgraded the UK to...
Uber London denied licence to operate
Uber London Limited will not be permitted to operate in United Kingdom's capital and largest city after the ride-hailing firm's current temporary licence expires...
Eurozone businesses ended the third quarter on a strong note
Eurozone businesses ended the third quarter on a strong note, growing faster than expected in September, according to a recent survey.
Chris Williamson, chief...
Bell Pottinger has gone into administration
Beleaguered public relations firm Bell Pottinger has gone into administration in the UK after running a scandalous campaign that incited racial tensions in South...
UK inflation rose to 2.9% in August, sterling surges 1% against USD
The pound sterling surged by 1 percent on Tuesday to a its highest level in a year against the US dollar after the Office...
Irish Foreign Minister urges UK to remain in extended customs union after Brexit
The UK is being urged by the Irish Foreign Minister Simon Coveney to remain in the EU customs union after Brexit.
He called for the...
Why did communism collapse?
Why did communism collapse? Communism collapsed because everybody began to realize that free-market democracies were richer. This realization grew after World War II. It...
UK manufacturing output rose by 0.5% in July, fastest pace this year
UK manufacturing output increased by 0.5% in July, the fastest pace this year, according to official data released by the Office for National Statistics...