IMF warns on China’s credit boom

IMF warns on China’s credit boom

Image copyright EPA The International Monetary Fund has warned that China’s credit growth is on a “dangerous trajectory”. In a new report, the IMF says there is an increasing risk of a “disruptive adjustment” and/or a marked slowdown in economic growth”. The agency calls for decisive action to deflate the credit boom smoothly. Without the […]

Trump hits back at business leaders

Trump hits back at business leaders

Image copyright Getty Images Image caption Intel chief Brian Krzanich said there should be “no hesitation in condemning hate speech” US President Donald Trump hit back at business leaders on Tuesday as executives tried to distance themselves from the administration. Mr Trump is under fire for being late to condemn white supremacists and neo-Nazis involved […]

Commuters braced for rises in regulated rail fares

Commuters braced for rises in regulated rail fares

Image copyright Getty Images Millions of rail users in the UK are bracing themselves for news of an increase in regulated rail fares from January 2018. Train operators are allowed to raise fares by as much as the Retail Prices Index (RPI) figure for July, expected to be in the region of 3.5%. The exact […]

Pay growth to stay weak, says forecast

Pay growth to stay weak, says forecast

Image copyright AFP Pressure on incomes looks set to continue, with pay rises forecast at 1% over the next year, a survey predicts. Despite falling unemployment, wage growth is weak because the supply of labour has also gone up, says the Chartered Institute of Personnel and Development (CIPD). The CIPD said for every low-skilled job, […]

Drunk air passenger arrests up 50%

Drunk air passenger arrests up 50%

Image copyright Getty Images Image caption A House of Lords committee report called for tougher rules on the sale of alcohol at airports Arrests of passengers suspected of being drunk at UK airports and on flights have risen by 50% in a year, a Panorama investigation has revealed. A total of 387 people were arrested […]

Wilko opens redundancy talks with nearly 4,000 staff

Wilko opens redundancy talks with nearly 4,000 staff

Image copyright Google Image caption Wilko has more than 400 stores across the UK, including this one in Oakham High-street retailer Wilko has begun a redundancy consultation with nearly 4,000 staff members as it reorganises its business. Up to 1,000 senior supervisor roles and a “significant amount” of customer service posts will be created under […]

Why is the US dollar falling?

The US dollar, long a symbol of American economic might, has fallen steadily this year. The value of the dollar index, which tracks the dollar against six major global currencies, has fallen about 10% since January. It pushed lower on Friday, even as demand for other safe-haven assets – typically a category that includes the […]

How long could my summer holiday flight be delayed?

How long could my summer holiday flight be delayed?

Image copyright Oli Scarff Image caption Passengers leaving Gatwick have suffered the longest average delays, the research found. Air passengers leaving Gatwick have suffered the longest average delays during summer getaways from major UK airports, BBC analysis reveals. Those travelling to and from the UK on EasyJet flights have waited the longest among the 10 […]

Men from poor backgrounds ‘twice as likely to be single’

Men from poor backgrounds ‘twice as likely to be single’

Image copyright Christopher Furlong Image caption The earnings gap between men from poor families and rich ones is widening, the IFS said. Men from poor backgrounds are twice as likely to be single in their early 40s than those from rich families, new research suggests. The Institute for Fiscal Studies (IFS) also found this group […]

Housing market lull ‘spreads from London’

Housing market lull ‘spreads from London’

Image copyright PA A slowdown in the housing market is spreading from London to other parts of the South East of England, surveyors suggest. While the region is pulling down activity and average price growth in the UK, other areas saw price rises. The Royal Institution of Chartered Surveyors (Rics) said Northern Ireland, the West […]

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