ECONOMY

IBTimes UK takes a look at the competing evidence as the capital prepares for more strikes.

Alexis Tsipras resignation calling for September general election prompts anti-bailout group to break ranks.

London's FTSE and German DAX both fall with political uncertainty and global economic growth to blame.

Compared to the same month in 2014, the borrowing was £2.07bn less in July 2015.

Bonds will be the first since 2006, when the government raised $2.7bn

Special drawing rights account for less than 3% of central bank reserve assets, economists say.

Greek prime minister steps down after divisions deepened in his Syriza party following debt deal.

A growing sense of betrayal pervades in Yorkshire

Rumours fly that divisions within Syriza party may see prime minister Tsipras step down to preserve peace.

Based on an inflation rate of only 0.1% in July, the economic recovery in the US is not lifting off as expected.

Concerns are rising over China's stuttering economy.

€13bn was paid to Greece so it could make the ECB deadline and €10bn to stabilise the banking sector.

Tenge is trading down 21.57% at 252.60 per US dollar as at 10.20am GMT, after Kazakhstan freed currency.

The chancellor says the move is part of a wider government plan to help rural economies.

Move comes as IMF awaits further reforms to China's currency policies.

Opposition mainly came from conservative party members as even Wolfgang Schauble urged MPs to vote yes.

Skills shortage is holding back growth

The BoE's Monetary Policy Committee has so far held off from raising rates.

Event expected to be biggest driver of tourism since 2012 London Olympics.

State Bank of Vietnam has raised its reference rate by 1% to 21,890 dong per US dollar.

Shortfall the largest recorded in 5 months, hiking chances of further fiscal stimulus.

Some 60 MPs voted against or abstained in test ballot on the €86bn Athens rescue package.

The deal entails a €1.23bn payment from Fraport for the entire period of 50 years and a rent

Tourism accounts for around 20% of Thailand's gross domestic product (GDP), including indirect effects.

Weak outlook on inflation rate has made analysts think an interest rate rise in 2015 would be too soon.

CEO Jeff Fairburn stated Persimmon makes the most out of the opportunities of the current housing market.

Brent crude is trading down 0.27% at $48.61 per barrel as at 5.48 am GMT, while WTI crude fell 0.14% at $41.81.

Sale is part of Chancellor George Osborne's privatisation programme to reduce public debt.

The falling price of oil is piling pressure on the Saudi economy.