Economy and business news from around the world

Economy

One in five British jobs will be lost to globalisation and robots, think tank reveals

One in five existing UK jobs are set to be "displaced" by robots and globalisation, according to a new report, with northern cities set to be hit hardest.

Jan 29, 2018

By James Tennent

Tourism in the US collapses during first year of Trump

A year into Donald Trump's inauguration, tourist numbers have fallen by four percent with the economy losing $4.6bn in revenue.

Jan 26, 2018

By James Hetherington

Donald Trump Paris France Italy Saudi Arabia Israel

Brexit costing Britain £200m a week in lost growth, Mark Carney warns

Bank of England governor tells business leaders at World Economic Forum in Davos that UK has lost £10bn in GDP since Brexit vote.

Jan 25, 2018

By Dan Cancian

Brexit

Top Remainer admits UK well-placed to benefit from Brexit thanks to global trade growth

The UK is well placed for growth despite Brexit due to rises in global trade, said a Conservative economics grandee who voted Remain.

Jan 22, 2018

By Roger Baird

Brexit EU Referendum

Is there ever a 'Kodak moment' in transportation infrastructure?

Essential assets can eventually become obsolete but many reinvent themselves. Transport adapts to survive.

Jan 16, 2018

By Ian Dixon

Violent protests raise tensions in Tunisia, birthplace of Arab Spring

In recent days, violent protests over price hikes have left one person dead and raised fears of broader unrest in the country that was the birthplace of the Arab Spring.

Jan 10, 2018

By David Sim

Tunisia Politics Pictures

Food shortages and world's highest inflation push Venezuelans to the edge

Supermarket shelves and fridges are empty, and the prices of the few goods that are available can change every day.

Jan 10, 2018

By David Sim

Venezuela

Philip Hammond and David Davis make plea to EU for 'most ambitious trade deal in the world'

Chancellor and Brexit secretary hope to secure a bespoke trade deal with the European Union that will include financial services.

Jan 10, 2018

By Dan Cancian

Brexit Philip Hammond

they-have-to-pay-eus-juncker-warns-u-k-over-brexit-negotiations

EU countries will have to spend more to cover British funding gap warns Jean-Claude Juncker

Juncker dismisses the idea Britain could backtrack on its Brexit pledge and urges remaining members to commit to a new financial framework.

Jan 9, 2018

By Dan Cancian

Brexit

What impact would political bluster have on investor sentiment in 2018?

Investors were right to bet that common sense would prevail in 2017. Most likely, it will in 2018 too.

Jan 9, 2018

By Tom Stevenson

Donald Trump Brexit

Lidl's mega warehouse near Luton would see 1,000 new jobs created

German discount supermarket says the facility would serve growing demand at its London stores.

Jan 8, 2018

By Gaurav Sharma

Australia paints dire picture of iron ore prices in 2018 forecasting a 20% slump

Government says drop in Chinese demand could spell very bad news for the industry.

Jan 8, 2018

By Gaurav Sharma

UK house prices in monthly decline for the first time since June

Latest survey by Halifax finds fresh signs of market weakness.

Jan 8, 2018

By Staff Reporter

Brexit

Pound gains ground as UK productivity rises to a six-year high

British currency gains from positive macroeconomic data as US jobs figures fail to perk up the dollar.

Jan 5, 2018

By Gaurav Sharma

Plunging demand for diesel vehicles triggers first UK car sales drop for six years

Demand for diesel cars plunged by nearly a fifth denting the headline figure for 2017, according to latest data.

Jan 5, 2018

By Staff Reporter

Eurozone economy ends 2017 on 'stellar' note

The 19-country eurozone economy closed out last year growing stronger than at any time in nearly seven years.

Jan 4, 2018

By Associated Press

Brexit Italy

Rapid rise in UK living wage could result in more robots in the workplace

New report warns automation might be deployed to mitigate effects of a higher wage bill.

Jan 4, 2018

By Gaurav Sharma

Artificial Intelligence Minimum Wage National Living Wage George Osborne Philip Hammond

Americans to spend $20bn on legalised marijuana generating 400,000 new jobs

States that have legalised the use and sale of marijuana in the United States will create 400,000 new jobs by 2021 and generate $40 billion (£29.5 billion).

Jan 3, 2018

By Staff Reporter

Women can now find out how much their male colleagues are paid in Germany

A new law directing firms to publish what they pay male and female staff comes into force this week in Germany, in a bid to tackle the country's large gender pay gap.

Jan 3, 2018

By Roger Baird

Brexit trade deals: Will the UK fill the TPP gap left by the US?

Liam Fox dismisses 'overblown' reports and insists Britain wants to see what emerges from new agreement.

Jan 3, 2018

By Dan Cancian

Brexit

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