UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes - but US poses biggest risk to global growthBritain will not fall into a recession following the referendum - though growth will slow down, according to Moody`s Credit paul weston/AlamyBritain&rsquo s economy will slow down but should not go anywhere close to a recession, according to economists at credit ratings agency Moody&rsquo s, while ...
Italy economy: IMF says country has `two lost decades` of growthItaly`s economy will not return to the levels seen before the 2008 financial crisis until the mid-2020s, the IMF has said, implying "two lost decades".By the mid-2020s, it says the economies of other eurozone members will be 20-25% larger than levels seen in 2008.The Fund`s comments came as it cut ...
Consumer confidence `falls after Brexit vote`Consumer confidence has seen its sharpest drop in 21 years after the UK vote to leave the EU, a survey suggests.The market research firm GfK conducted a one-off online survey of 2,000 people after the result was known.Its confidence index fell by eight points to minus nine, a drop not since seen ...
U.K. Business Expectations Fall ‘Off a Cliff’ on Brexit VoteConfidence of British executives plunged and pessimism doubled as the Brexit turmoil stoked concerns that business investment and the property market are poised to slump.An index published by YouGov Plc and the Centre for Economics and Business Research on Tuesday tumbled to 105 from 112.6 in the ...
Sterling falls and bank, airline and property shares tumbleUK financial markets remain volatile in the wake of the Brexit vote, with sterling plunging to a 31-year low against the dollar, and some share trading temporarily halted.Yields on 10-year government bonds sank below 1% for the first time as investors bet on an interest rate cut.Shares in airlines, ...
Brexit: Asian powers warnings over global stabilitySome of Asia`s biggest economies have expressed concerns over the world`s economic stability as a result of Britain`s vote to leave the EU.China`s Finance Minister Lou Jiwei said the consequences were unclear, but that they would be felt for years to come.Both South Korea`s President Park Geun-hye ...
Eurozone banks hit by bad debtsInvestment in the eurozone remains far below pre-crisis levels, partly due to problems in the banks, the Organisation for Economic Co-operation and Development (OECD) has said.Bad debts at the banks are making them less willing to lend.The OECD says many legacies of the area`s financial crisis are ...
Amazon to boost India investment by $3bnAmazon has said it will increase its investment in India by $3bn (£ 2.1bn), bringing the total amount invested in the country to more than $5bn.The online retail giant announced a $2bn investment in India in 2014 and already employs 45,000 people there.Chief executive Jeff Bezos said Amazon ...
U.S. presses China to reduce barriers for foreign businessSenior U.S. officials pressed China again on Tuesday to reduce barriers for foreign businesses, saying concerns have grown due to a more complex regulatory environment.Foreign business confidence has been impacted by regulatory and protectionist worries, following a series of government ...
Gotthard tunnel: World`s longest and deepest rail tunnel opens in SwitzerlandThe world`s longest and deepest rail tunnel has officially opened in Switzerland, after almost two decades of construction work.The 57km (35-mile) twin-bore Gotthard base tunnel will provide a high-speed rail link under the Swiss Alps between northern and southern Europe.Switzerland says it will ...
US consumer prices rise at fastest pace in three yearsUS consumer prices rose at their fastest pace in three years in April as energy prices climbed, figures show.The Labor Department`s Consumer Price Index rose 0.4% last month, the biggest one-month increase since February 2013.A steady build-up in inflation could increase the likelihood that the ...
EU blocks Three`s takeover of O2The European Commission has blocked Telefonica`s sale of O2 to CK Hutchison, the owner of Three. The planned deal was worth £ 10.3bn, and would have left the UK with just three major mobile phone network operators.But Europe`s competition commissioner, Margrethe Vestager, said she had strong ...
New global rules on firms` tax disclosure urged by economistsNew global rules forcing companies to report taxable activities country-by-country publicly have been called for by a group of 300 prominent economists.In a letter to world leaders, the group urges the UK to "take a lead" in the push for more tax transparency.Poor countries are the biggest losers ...
Election looms over Australia`s budgetAustralian Treasurer Scott Morrison`s budget on Tuesday will double as an unofficial election campaign launch.Small tax cuts and spending on health, infrastructure and education have already been foreshadowed or announced.The cost of these will likely be offset by closing tax loopholes for ...
- Humidity 47%
- Winds 0 kph
March 24, 2016, 3:32 pm
February 11, 2016, 1:54 pm
March 30, 2016, 12:38 pm
March 14, 2016, 10:59 am
March 24, 2016, 3:29 pm
March 11, 2016, 1:10 pm
March 30, 2016, 2:03 pm
March 31, 2016, 7:26 pm
March 30, 2016, 1:58 pm
August 30, 2016, 2:44 pm
August 29, 2016, 5:09 pm
August 26, 2016, 4:38 pm
August 25, 2016, 5:26 pm
August 24, 2016, 12:55 pm
August 23, 2016, 11:37 am
August 22, 2016, 12:54 pm
August 19, 2016, 1:38 pm
August 18, 2016, 4:07 pm