US Fed Chair Yellen says it would be “unwise” to delay rate increases
Fed Chair Janet Yellen said on Tuesday that it would be “unwise” for the US central bank to wait too long to raise rates.
Although...
China trials world’s longest elevated cycleway
In a bid to promote green transport, China has opened the world's longest elevated cycleway in the centre of Xiamen, a coastal city of...
Japan’s economy expanded by 1% in the final quarter of 2016
The Japanese economy expanded for a fourth straight quarter in the three months through December 2016 thanks to strong exports and business investment.
Japan’s GDP...
UK manufacturing ends 2016 with growth
The UK manufacturing sector ended 2016 on a strong note, with growth recorded in November and December, despite concerns that the uncertainty following the...
Scottish Power hiking energy prices while British Gas will extend price freeze
Scottish Power will be raising its standard tariff electricity prices by 10.8% from 31 March, while gas prices will increase by 4.7%. Its dual...
Commercial spaceflight sector receiving £10m UK government boost
Her Majesty's government plans to make £10 million of commercial spaceflight funding available to projects that will launch people and satellites into space from...
UK manufacturing was strong in December while trade deficit narrowed
UK manufacturing expanded more than expected in the end of 2016 as the country's trade deficit narrowed.
Total production in the UK in December was...
UK business investment expected to rise in 2017, BoE survey reveals
A survey of 700 companies by the Bank of England revealed that UK business investment is expected to rise in 2017 on higher export...
McLaren opening a £50 million manufacturing plant in Sheffield
McLaren Automotive announced plans to bring production of its carbon-fibre chassis from Austria to northern England.
The British automaker said it will open a £50...
BP profits doubled in the fourth quarter of 2016
BP profits doubled in the fourth quarter of 2016. Underlying replacement cost profit, BP’s preferred measure, rose to $400 million in the last three...