ECONOMY

Poverty standards as per new benchmarks are being criticised for making "neither common sense nor economic sense."

Russian consumer confidence rebounded slightly in June from a record low the previous month.

German premier landed in Chengdu yesterday with a delegation of German companies.

Final year students' confidence in the job market is at its highest for more than a decade.

Germany says industrial output fell at fastest pace for two years during May.

Some £6bn of funding to local governments has been announced with more to follow over next six years.

The Dow breached 17,000 points on 3 July before the US markets closed for Independence Day

Consumer spending rose 0.6% on year in June, rounding off fastest growing quarter since mid-2010.

Premier says China will take 'targeted measures' to beat downward pressures on economy.

Britain is looking for investment opportunities in India's defence and infrastructure sectors.

Deloitte CFO survey finds expectation of imminent interest rate rises.

For Mark Carney, BoE policy review provides an opportunity to clarify present situation or future.

Opec and IEA to release their first estimates for 2015 next week.

India could ease gold import curbs as Narendra Modi puts public and trade over economics.

Britain to remain sixth largest economy in 2030, despite tough competition from emerging nations.

Argentina is sending its team to New York on 7 July to discuss settlement with holdout funds.

World Bank to provide $400 million for gas storage facility at Tuz Golu.

The Islamic State declared an Islamic caliphate straddling Iraq and Syria in early July.

The pharmaceutical industry has looked a bit peaky since economic crisis.

German economic data in the week to 4 July generally surprised on the downside.

Knight Frank says spiralling London house prices spilling out to surrounding countryside.

Energy prices in Egypt among the lowest in the world thanks to state subsidies.

Chris Bradshaw, of Autodesk, tells IBTimes UK that the internet has revolutionised education.

EU's Gunther Oettinger said European countries have right to sell on Russian gas.

The EU has said that it has asked to see official documents from Luxembourg.

Recovery threatened by higher interest rates as households redirect spending to debt repayments.

Registrations for alternatively-fuelled vehicles rose 51.3% to 23,337 units year-to-date

Survey shows that Asia continues to dominate in world trade.

Open-ended strike continues after union rejects pay increase offer