The Bank of England’s chief economist joined the minority on the rate-setting panel voting for an increase in interest rates this month, in a sign that the balance of opinion among rate setters could be moving towards tightening policy as early as next month.
Saudi Arabia is urging global producers to reverse course and ease oil curbs saying the market will be "too short" of supplies without action, just as US president Donald Trump has ramped up pressure on Opec to lower prices.
TSB was told it had not carried out enough tests and could have done more to limit the risks ahead of its disastrous IT update, just days before its chief executive publicly insisted its planning policies had been sufficient.
John Bolton, National Security Adviser to US president Donald Trump, is expected to visit Moscow soon, the Kremlin said on Thursday, giving the clearest sign yet that a proper summit between Mr Trump and Russian president Vladimir Putin could be in the works.
Lim Guan Eng, Malaysia’s finance minister, today announced the country will complete the Tun Razak Exchange (TRX) — a financial city development in Kuala Lumpur valued at almost $2bn — despite state investment fund 1MDB having misappropriated more than $750m from the project.
Strong income tax and value added tax receipts helped cut the UK government deficit to the lowest level since 2005 in May, according to figures published by the Office for National Statistics on Thursday.
2018 is turning into something of an annus horribilis for electricals retailer Dixons Carphone. That’s assuming the group’s creaking IT systems — which are still not fully integrated nearly four years after the Dixons and Carphone Warehouse businesses were merged — can recognise dates beyond 1999. Just a week after the company discovered a IT breach had compromised 5.9 million customer credit card details, that is not a given.
Electronics retailer Dixons Carphone reported a modest rise in revenue for the year to the end of April, even as profit before tax dived 24 per cent and the group warned that it expected next year’s profit to fall by a further fifth.
President Donald Trump has reversed course on his controversial policy of separating children from their parents after illegal border crossings, in a dramatic U-turn that followed intense criticism from Democrats, Republicans and his wife and daughter.