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glass globe business Global Market

IMF cuts global growth forecast to 3.1% in 2015 and 3.6% in 2016

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The International Monetary Fund cut its global growth forecasts again and warns that "global financial stability is not yet assured”. The IMF expects the global...
Office for national statistics

Good August manufacturing figures boost British pound

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After a July slump of -0.7%, UK manufacturing was +0.5% up in August, according to figures published by the Office for National Statistics (ONS)...
IMF

Next global meltdown looming closer, warns IMF

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The chances of another global financial meltdown are increasing significantly, the International Monetary Fund (IMF) warns. It is no longer a question of whether...
EU

EU takes aim at migrant smugglers

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The EU (European Union) has activated Operation Sophia, a coordinated military operation aimed at catching migrant smugglers by intercepting their boats in the southern...
Tesco

Tesco’s half year profits more than halved

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Tesco reported a big drop in profits for the first half of its financial year, despite a slight improvement in like-for-like sales. The UK’s largest supermarket...
wind energy

UK wind energy sector generated £1.25 billion for the economy last year

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A total of £1.25 billion was invested into the UK economy last year because of wind energy, according to a new industry report by...
Bull And Bear Economic Trends

Wall Street facing worst year since 2008

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Not since the death of Lehman Brothers in 2008 has Wall Street had such a bad year. Experts say 2015 is set to be...
Gulf Coast Oil Spill

BP to pay $20.8 billion in fines for Deepwater Horizon oil spill

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BP plc agreed to pay a record $20.8 billion to the US government to settle claims that stem from damages caused by the 2010...
Lloyds Banking Group

Government to sell £2 billion stake in Lloyds to the public

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The UK government announced that it plans to sell £2 billion worth of Lloyds shares to retail investors next spring. The sale would see the bank...
Rolls-Royce Holding plc

Rolls Royce reportedly shedding 400 jobs in its marine division

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Rolls-Royce Holdings PLC is expected to announce 400 job cuts in its marine division later this week, according to a recent report published by the...