BUSINESS

The company said in the long-term, the new wages will cost £27m.

It was the first meeting for Gertjan de Vlieghe, the new member of the MPC, who replaced David Miles.

NYU professor Scott Galloway says Marissa Mayer will go down as being the most overpaid CEO in history

Willem Buiter says there is a 55% chance of global economy sliding into a moderate recession by 2017.

Currys PC World owner reports 8% rise in sales, against a 4% market expectations

RICS study estimates 6% growth in house prices in 2015, while Halifax say prices jumped 9%.

CRG Architects seeks to erect a 139-storey structure using cheap shipping containers.

Retailer's pre-tax profit down more than 47% to £126m and like-for-like sales dipped 2.7%

Another blow to country already reeling from political turmoil and unpopular austerity programme.

IBTimes UK looks at the top five wealthiest African presidents.

The strike by Lufthansa pilots over pay, job security and retirement benefits went on for two days.

Bob Wigley is a finance and technology advocate operating at the highest levels.

Ahead of Apple's iPhone announcement we discover what will encourage the people of Britain to upgrade.

Leaders need to have a purpose but some are clearly lacking in that department.

Using a the leaked list, fraudsters and blackmailers can link a variety of information about users.

LogMeOnce takes mugshots by hacking into cybercriminals' webcams and recording their IP addresses

Apple's encryption system won't allow US authorities to intercept texts involved in drugs investigation.

Irish airline expects net profit of over €1bn for the full year after bumper summer.

The widening deficit was partially due to goods exports going down to £22.8bn.

Oaktree Capital to offer $175m towards California-based firm's restructuring.

Barratt said average house prices had risen by 8.7% to £262,500 over the past year.

One of the firm's biggest shareholders, Royal London Asset Management, issued a 'red alert'.

Stores primed for closure represent 1% of US retailer's annual sales of $28.1bn.

Oscar Munoz, chief executive of CSX Corp, named as replacement.

Financial Times report that NY investment company Cerberus has denied any wrongdoing.

Users of WhatsApp Web on desktop computers need to update the app right away to avoid being hacked.

A tech-enabled, self-employed workforce is on the rise in the UK, which should be celebrated and supported.

EXCLUSIVE: Aslef tells IBTimes UK the union wants to do a deal as 'quickly as possible'.

Altmann has been kicked out of party 18 months after joining.