ECONOMY

Worst drought on record and weak rand could trigger domino effect for South African economy.

House prices are rocketing in Newham and plunging in Kensington while overall sales volumes drop.

South Africa is in the grips of a severe drought that shows no sign of abating after the driest year on record.

Higher household budgets, increase in house prices and bigger consumer spending to boost UK economy this year.

The five-day event will see 2,500 participants from Leonardo DiCaprio to David Cameron and George Osborne.

Demand for UK properties soared in the first weeks of 2016 but prices only grew by 0.5%.

Six-figure student loan debt is driving young US graduates to leave for European safe haven.

Iran coming out of decade-long economic isolation sends oil prices and Middle East stock markets tumbling.

Shares across Asia decline to their lowest levels since late 2011.

Setting up of AIIB a diplomatic triumph for China.

Welsh first minister calls on UK government to step in and save the British steel industry.

Burberry returned to growth in China but the region remains challenging for retailers of luxury items.

Left-winger will argue that a more equal society will boost Britain's economic prospects.

IBTimes UK looks at the individual winners and losers over the Christmas period.

The Davos organisation uninvited a North Korean delegation after the country executed h-bomb tests.

Interest rates remain at 0.5% after BoE voted 8-1 in favour of not opting for an increase.

Council of Mortgage Lenders reports 35% leap in gross buy-to-let mortgage lending.

Home Retail said that the trading period has caused pre-tax profit to be at the lower end of expectations.

In the quarter to 9 January, like-for-like sales dropped 0.5%, with analysts expecting a 1.5% drop.

David Cameron, George Osborne, Jack Ma, Christine Lagarde and John Kerry will also participate in the event.

Apart from China, stock markets across Hong Kong, Australia, India, Japan and South Korea were trading lower.

Rolls-Royce, Sky, Microsoft, Dyson, Estee Lauder and Adidas are among those who made it to the top 10.

Motoring group RAC says motorists could be paying only 86p a litre for petrol.

Rics survey shows construction sector struggling to cope with shortage of workers and high wage costs.

Greater London still showing strong house price growth despite drop in central areas.

It was the first time in 18 years that North Korea had been invited to the event.

The 46th World Economic Forum kicks off on 26 January – here's who will be attending.

Oil prices in Nigeria have fallen to around $36 per barrel compared to $50 at the beginning of 2015.

London fell to 15th place on the Europe city rankings list.