OECD halves 2017 UK economic growth forecast down to 1%
The Organisation for Economic Cooperation and Development (OECD) cut its forecast for UK economic growth in 2017 by 1%.
The economics institution had projected 2017...
SME house builders struggle to get land for new homes
Getting land to develop is a big problem for SME house builders in the United Kingdom. New research shows two-thirds of them cite it as a...
Apple in talks with McLaren Technology Group over potential takeover
Apple has its eye on acquiring the British supercar maker McLaren Technology Group, according to reports citing unnamed sources.
The US tech giant, which has...
Emma Walmsley appointed as new GlaxoSmithKline chief executive
Emma Walmsley has been appointed as the new chief executive of Britain’s largest pharmaceutical company GlaxoSmithKline.
Ms Walmsley, head of GSK consumer healthcare, will replace...
Shipping industry likely to remain in rough waters for a while
The globe's struggling shipping industry is unlikely to be reaching calmer waters just yet. That is if trends in the container shipping segment are...
UK will lose passporting rights if it leaves single market, warns Bundesbank chief
The head of the German Federal Bank, Jens Weidmann, warned that UK banks would lose valuable passporting rights if Britain leaves the single market.
The...
Migrant entrepreneurs benefit the UK economy, says report
A report launched recently in parliament says the UK needs to back migrant entrepreneurs to help Brexit succeed. It says the businesses they create...
The Pirate Bay dangerous site Google warns Chrome and Firefox users
The Pirate Bay is a site that may contain malicious software, Google is warning Chrome and Firefox users. However, the site is not being...
BoE governor suggests Britain’s 1p coin could be scrapped
Bank of England governor Mark Carney suggested that the British penny coin could be scrapped as its value continues to decline, making its use...
UK introducing tougher penalties for drivers caught using their mobile phones
The UK government plans on introducing “much tougher penalties” for drivers caught using their mobile phones on the road, with officials wanting to double...