11 h. ago Russia cuts interest rate to 17% as wartime economy slows while deficit grows

Russia’s central bank is cutting its benchmark interest rate by one percentage point to 17%, a step that could support growth and business activity as the economy slows and the government budget deficit increases

Events

8 d. ago Trump cutting funding to train and support European troops in countries bordering Russia: report

The apparent shift has alarmed European defense leaders, who see the presence of U.S. troops and support as a key deterrent against Moscow

Politics

8 d. ago Applications for U.S. jobless benefits rise last week but remain in healthy range of past few years

The number of Americans seeking jobless benefits rose modestly last week, a sign that employers are still retaining workers even as the economy has showed signs of slowing

Society

2 w. ago US applications for jobless benefits fell last week as layoffs remain low

Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed

Politics

4 w. ago ‘Luck running out’ for Swiss economy as growth slows ahead of US tariff hit

GDP only expanded by 0.1% in second quarter, adding to pressure on central bank to return to negative interest rates

Economics

4 w. ago Chinese economy slows as Trump tariffs bite; FTSE 100 on track to hit new record

Rolling coverage of the latest economic and financial newsThe owner of Kingsmill has agreed to buy its rival bakery business Hovis, in a deal that could make the biggest bread brand in the country if it gets the green light from regulators.Associated British Foods, a FTSE 100 company which also owns the retailer Primark, has agreed to buy Hovis from the private equity firm Endless.This transaction will create a UK bakeries business that is both profitable and sustainable over the long term. Supporting the Hovis and Kingsmill brands with well-invested and efficient operations will also enable innovation and growth. This solution will create value for shareholders, provide greater choice for consumers and increase efficiencies for customers.Firms may be running on existing capacity rather than building new plants The July industrial value-add breakdown tells a more nuanced story than the weak fixed asset investment headline. Continue reading...

Politics

4 w. ago Rachel Reeves is accused of 'living under a rock' as economic growth slows to just 0.3%

Output grew only 0.3 per cent between April and June - a sharp slowdown on the previous three-month period when the economy expanded by 0.7 per cent.

Economics

4 w. ago Business news live: UK economy growth slows as leaders demand ‘no more business taxes in Autumn budget’

Stock market news and latest business and finance updates from Wednesday

Economics

4 w. ago Britain braces for another tax bomb amid warnings UK economy is 'flashing red' as growth slows to 0.3 per cent while Rachel Reeves faces a £50bn black hole

The Office for National Statistics said gross domestic product grew by 0.3 per cent for the quarter after 0.7 per cent growth in the first three months of the year.

Events

4 w. ago UK economy posts surprise 0.3% growth in three months to June

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion last monthThe UK economy grew at a faster rate than expected in the second quarter, official figures show, despite pressure on households and businesses from tax increased and Donald Trump’s global trade war.Figures from the Office for National Statistics showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Continue reading...

Politics