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UK high street has worst month since 2008

Shopping Bascket Super Market

August turned out to be the worst month for Britain’s retailers since the financial crisis of 2008, a survey has shown, as poor weather and a spike in foreign holidays kept shoppers away from the high street.

IMF: China slowdown could keep global interest rates low


The recent turmoil in financial markets and the struggling Chinese economy could combine to hit global economic growth this year and force central banks to keep interest rates low, the International Monetary Fund has said ahead of a meeting of G20 finance ministers in Ankara this weekend.