News

Wealth Gap

US wealth gap widens, says Fed

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The US wealth gap has widened, says the Federal Reserve in a new report, with the richest Americans enjoying 10% pre-tax income gains during...

Mylan says it does not want to merge with Teva Pharmaceuticals

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Generic drug maker Mylan said that it does not want to merge with Teva Pharmaceuticals. According to Bloomberg, Teva is exploring a takeover offer for...
Statue of Liberty

American economy worse today than before, most Americans believe

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Is the American economy worse today than before the global financial crisis? According to a new national study carried out at Rutgers, the State...
BoE

Same MPC hawks voted to raise UK interest rates

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For the third consecutive month, the Bank of England’s Monetary Policy Committee (MPC) voted 7 to 2 to leave interest rates at their record...
German economy

Factory orders in Germany in August sink 5.7 percent

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German factory orders sank -5.7% compared to July, says statistical agency Destatis. This is the largest decline since the peak of the global financial crisis...

UK trade deal with the US could take up to 10 years in the...

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US President Barack Obama said that it could take up to 10 years for the UK to negotiate trade deals with the US if...
Shoelaces come undone - process

Shoelaces become untied due to stomping and whipping forces

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Shoelaces become untied due to a double whammy of whipping and stomping forces that act like an invisible hand that loosens the knot and...
vtech

UK police arrest 21 year old man in VTech hacking probe

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Police in the UK arrested a 21-year old man in Berkshire who may have been behind the VTech hack. The South East Regional Organised Crime...
tata-scunthorpe

Tata Steel plans on cutting 1,200 jobs in the UK next week, union says

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Tata Steel plans on cutting 1,200 jobs in the UK next week, a union says. The Indian multinational steel-making company is expected to cut staff...
Boom and bust

Boom and bust drivers may be all in the mind

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Do traders have instinctive biological mechanisms that drive them to predict how others behave, creating financial bubbles that lead to boom and bust? Researchers...