The US economy grew at a slightly slower pace than first thought in the third quarter of 2015, continuing a sluggish recovery trend started after the last recession.
The price of oil has fallen to its lowest level in 11 years as commodity markets responded to signs that the global glut of oil will deepen in 2016.
Oil has fallen to an 11-year low as traders took fright at the prospect of a glut caused by fresh supplies that will outstrip global demand.
British employers expect to keep hiring permanent staff in 2016 but are cautious about offering meaningful pay rises, according to a survey from employers’ group CBI.
The UK government reacted too slowly to the crisis in the steel industry that has caused more than 5,000 job losses and left the sector permanently damaged, a parliamentary committee has said.
The decision to raise US interest rates for the first time in seven years could have negative effects on established startup businesses, investors have said, marking the start a new era of more cautious investment.
Wage growth across the economy has slowed to 2%, underlining the financial challenges facing households in the run-up to Christmas.
The Federal Reserve looks almost certain to raise short-term borrowing rates on Wednesday, ending an extraordinary period of government intervention in the financial markets that started at the height of the recession.
Britain’s long-awaited pay recovery this year will quickly evaporate in 2016 unless productivity significantly improves, a leading thinktank has warned.
The sharp drop in the pound has attracted tourists to the UK on shopping sprees, driving a jump in tax-free spending by overseas visitors, according to industry figures.
House prices will fall next year as the economy weakens following the vote to leave the EU, Britain’s biggest estate agent has predicted.
Athletes know all about productivity. Their lives are spent eking out improvements in performance through new training methods, better diets and learning from their rivals. A personal best is productivity writ large: doing better this year than you did last.