ECONOMY

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.

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

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

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

IBTimes UK looks at the top five wealthiest African presidents.

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

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

96% of Iranians want to travel abroad with interestingly the US as the most popular destination.

The nation is expected to miss 2015 targets despite yuan devaluations.

Rate of contraction revised up to 0.3%, from 0.4%, due to inventory gains.

Thousands of farmers protest over low milk prices outside EU headquarters in Brussels.

The soaring house prices are a widespread concern, an ING economist tells IBTimes UK

EXCLUSIVE: The Camden Councillor spoke with IBTimes UK after her election.

Finance minister pledges to cut 'unnecessary expenses' and issue more bonds to control budget deficit.

The business body has slashed its growth forecast for the sector by 50% for 2015.

Prime minister is apparently worried pro-EU firms could undermine his negotiations with Brussels.

Weaker-than-estimated services output caused slower growth.

The Oil and Gas Authority warns sector could be shut down unless energy companies work together.

FTSE 100 closes more than 2% down after weaker than expected jobs figures across the Atlantic

Disappointing figures send markets diving despite record low unemployment rate.

Shoppers' appetite dampened by cold and wet weather, says BDO.

Narrowing of gap mainly due to fall in consumer goods imports and higher vehicle exports.

IBTimes UK looks at the left-winger's performance during the Sky News hustings.

Good day for EasyJet and mining giants as FTSE 100 gains almost 2% to close at 6,194.10.

Risks to the European Central Bank's outlook for economic growth and inflation have worsened since mid-August.

Germany's DAX was the biggest riser, jumping 2% on the news, while the FTSE 100 gained 1.3%.

Khamenei underlined that co-operation with the US is based only on this specific agreement.

The FTSE closed up 24.77 points (0.41%) at 6083.31 at the end of the day on Wednsday.