ECONOMY

Smith Commission will unveil new powers for Scotland later today.

Failure to cut output will herald a price war that Gulf producers can withstand but Venezuela and Iran cannot.

IMF backs devaluation amid declining revenues following drop in Opec oil prices..

The policy is part of Labour's plan to devolve more powers from Westminster to local authorities.

IBTimes UK looks at the 'Sharing Economy' following a government report into the area.

The "world's longest urban trampoline" will be trialled in London next year

The pro-separatist dominant Donetsk has left locals without personal cash or funding.

EU officials confirm to Reuters that agreement is delayed as a result of consultation.

Hong Kong police arrest student leaders as they clear Mongkok protest camp.

Pound was down earlier in the day after the Q3 GDP and investments data.

The CBI said sales continued to grow in November but at a slower pace.

CEO Moya Greene calls for review into universal service to be accelerated.

The thinktank urged the Chancellor to include the recommendation in his Autumn Statement.

Total Cyber Weekend sales will increase to £1.7bn with record 31 million online transactions, says Visa Europe.

Government welcomes data but analysts warn over continuing trade problems.

Most rated utilities will maintain adequate financial buffers; Indian measures face implementation risks.

Growth was probably hit by slowing industrial activity and delayed monsoon rains that hurt farm output.

Seed fund is designed to attract more than €315bn in private investment.

Iran can draw $700m in oil payments per month under deal with six powers.

The move comes as Beijing faces challenges in seeking the return of people suspected of committing economic crimes.

But chart shows the pair has been above 160 since January 2014.

Sale of Citgo assets could help Petroleos de Venezuela SA rake in about $10bn.

GDP increased at annual rate of 3.9% in third quarter, compared to initial estimate of 3.5%.

The rating agency also changes its outlooks for three oil and gas industry sectors.

The (P)Caa1 rating assigned to the USD trust certificates is at the same level as Pakistan's Caa1 issuer ratings.

But former UK Prime Minister Gordon Brown warned that the move could be a 'Trojan Horse'.

US breweries accused of distorting the marketplace.

Police in Hong Kong standing on platforms fire what was described as "tear spray" at protesters.

O'Grady says EU should be using TTIP negotiations to improve labour laws in the US.