UK retail sales plunged in August
Retailers in the UK suffered a huge plunge in sales in August - the worst drop since the height of the 2008 financial crisis.
According...
Fed’s Beige Book reveals economic growth across most areas
The U.S. Federal Reserve’s latest Beige Book revealed that 11 of the Fed’s 12 regional banks reported at least modest expansion in the economy...
Google unveils brand new logo
After creating an umbrella company called Alphabet the California-based tech giant Google has unveiled a new logo for its core search services.
The new logo...
Chinese factory activity shrinks at fastest pace in three years
Factory activity in China contracted at its fastest pace in three years in August, evidence that Chinese economic growth is continuing to slow.
The official...
Oil prices surged 8 percent on Monday
Oil prices soared on Monday by more than 8 percent after the US government reduced crude output estimates and OPEC said that it is...
Japanese industrial output fell by 0.6 percent in July
Japanese industrial production dropped in July by 0.6 percent following the 1.1 percent increase in June, according to the Ministry of Economy, Trade and...
Osborne announces £500 million investment in Faslane base
George Osborne announced more than £500 million of contracts to overhaul the Royal Navy's submarine base at Faslane, securing 6,700 jobs and set to...
Brazil has slipped into a recession
Brazil has slipped into recession after official figures revealed that the country’s gross domestic product fell 1.9% in the second quarter of the year.
Year-on-year,...
BoE position on rates unchanged by China
The slowdown in China’s economy has not changed the Bank of England’s stance on when and how it will begin increasing interest rates.
Bank of...
HSBC IT glitch affected 275,000 payments
HSBC issued a statement apologizing for the inconvenience of today’s payments problems in the UK caused by an IT glitch.
The bank said that it...