Economy and business news from around the world

Economy

Why we must embrace, not fear, the technology that is revolutionising education and jobs

In most cases, while the path to progress is not without problems, few would roll back the clock.

Oct 18, 2017

By Peter Tufano

Artificial Intelligence

UK inflation rises to highest level in five years

Inflation surges to the highest level since April 2012 amid increase in food prices and transport costs.

Oct 17, 2017

By Dan Cancian

Pound surges again as Catalonia uncertainty drags euro lower

British currency rises against major crosses for second successive session as Prime Minister Theresa May heads to Brussels.

Oct 16, 2017

By Gaurav Sharma

Theresa May European Central Bank Spain Brexit

CBI urges chancellor to deliver pro-business Budget

Business lobby group calls on Philip Hammond to deliver Autumn Budget that will allow UK to grow its way out of austerity.

Oct 16, 2017

By Karthick Arvinth

Philip Hammond Brexit

Amazon continues relentless UK expansion with creation of another 1,200 jobs

Online retailer to create more permanent Jobs with the opening of a new fulfilment centre in Bolton.

Oct 13, 2017

By Gaurav Sharma

Amazon Brexit

Pound rallies against dollar and euro on leaked EU document

Confidential document suggests trade talks between London and Brussels could begin soon despite claims that Brexit negotiations were deadlocked.

Oct 13, 2017

By Gaurav Sharma

Brexit Bank of England

BCC warns Bank of England against interest rate rise amid sluggish growth

Survey of more than 7,100 businesses reveals improvements in the manufacturing sector in the third quarter.

Oct 13, 2017

By Karthick Arvinth

Bank of England Brexit

french-president-macron-make-our-planet-great-again

French President Emmanuel Macron to launch second stage of labour reforms amid growing dissent

The French government now wants to extend unemployment benefits to independent entrepreneurs, farmers and merchants who go bankrupt.

Oct 12, 2017

By Associated Press

IMF warns that an economic crisis in China could make the world go back into recession

IMF pushes higher taxes for rich to tackle inequality

Washington-based lender says there is no evidence to suggest that raising taxes on high-earners would adversely affect economic performance.

Oct 12, 2017

By Karthick Arvinth

International Monetary Fund IMF

Energy price cap will cover two-thirds of British households in push to fix 'broken market'

Price cap will be formally unveiled by ministers on 12 October 2017 and will last until at least 2020.

Oct 12, 2017

By Dan Cancian

Theresa May

UK housing demand 'at lowest level since Brexit vote'

Royal Institution of Chartered Surveyors says its house price balance was unchanged at +6 during September.

Oct 12, 2017

By Karthick Arvinth

UK Housing

US job openings slip in August yet remain near record high

Data suggests the American job market was healthy but a little less active in August with employers advertising plenty of job openings.

Oct 11, 2017

By Associated Press

Unemployment

Brexit without a deal could see all UK-EU flights grounded, warns Philip Hammond

Chancellor says he considers such an outcome highly unlikely, but stressed that uncertainty about Brexit is acting as a dampener on the British economy.

Oct 11, 2017

By Associated Press

Philip Hammond Brexit IMF

Pound spikes against dollar as positive economic data counters Brexit impasse

Industrial production figures and improved retail sales help the sterling reverse recent losses.

Oct 10, 2017

By Gaurav Sharma

Bank of England Theresa May Brexit

Britain's tourist boom continues as almost 40 million overseas visitors arrive in the UK

Pound's slump in the wake of the Brexit referendum has made Britain a more appealing destination for overseas tourists.

Oct 10, 2017

By Dan Cancian

Strike cripples air traffic control, schools and hospitals in France

Industrial action by public sector workers causing disruption as nine unions take part in coordinated work stoppages.

Oct 10, 2017

By Associated Press

France

UK retail sales rise as shoppers spend more on food and clothing

Like-for-like sales were up 1.9% compared to the same month a year earlier in September, compared with a 1.6% increase in August.

Oct 10, 2017

By Karthick Arvinth

Bank of England

Lack of EU workers could lead to higher shop prices warns BRC

EU nationals make up 6% of the total workforce in the retail sector and over 20% of firms have reported staff returning to the EU.

Oct 9, 2017

By Dan Cancian

When do the old £1 coins expire? Everything you need to know

Royal Mint introduced the old coins in 1983 to replace the £1 note but they will stop being legal tender on Sunday.

Oct 9, 2017

By Dan Cancian

UK consumer spending on track to record weakest year since 2013, says Visa

Consumer spending index falls 0.3% compared to a year earlier in September following a 0.2% increase in August.

Oct 9, 2017

By Karthick Arvinth

Brexit

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