China’s economy is showing signs of stability after the nation’s government reported growth at an annual rate of 6.7 per cent in the last quarter.
Britain’s jobs market has continued to brush off the Brexit vote after a rise in employment in August to a joint record high.
The former foreign secretary, William Hague, has been accused of attempting to undermine Bank of England governor Mark Carney after he warned that central bankers could lose their independence if they ignore public anger over low interest rates.
PwC has become the latest big name to raise concerns about the implications of the technological revolution on inequality, economic growth and unemployment.
The Bank of England will not take instructions on its policies from politicians, its governor, Mark Carney, has said, just a week after Theresa May took a swipe at the impact of the Bank’s actions on “ordinary” people. Speaking at Birmingham town hall as part of the Bank’s Future Forum event on Friday, Carney said it became difficult for the Bank when politicians commented on its policies rather than its objectives.
A string of senior Conservatives warned Theresa May’s Brexit strategy is risking the health of the economy in a parliamentary debate, during which the pound dropped to its lowest ever level against a basket of currencies.
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.
The Federal Reserve’s decision not to increase rates in September was a close call, the minutes released on Wednesday show.
One of Britain’s leading economic thinktanks has said the UK economy shrank last month as the impact of the Brexit vote led to a pronounced weakening in activity.
The European Union has slapped tariffs of up to 73.7% on Chinese steel after manufacturers were forced to cut jobs due falling prices and demand for the material amid an influx of cheap imports from Asia.
There's a chance the sluggish U.S. economy actually grew at a 3 percent pace or better in the third quarter — the best rate in two years.
The bank expects a $150 billion fiscal kick per year to the economy, but said the market should temper expectations.
World finance leaders pledged to use more resources to try to bolster economic gains amid slow growth and a rising backlash against globalization.
The US Federal Reserve on Wednesday raised interest rates for the first time in a year, and only the second time since the 2008 financial crisis. The US central bank also predicted three further rates increase in 2017, up from previous expectations of two rate hikes.
The UK economy will slow markedly next year as uncertainty about the country’s future position in Europe and higher inflation hit consumers and businesses, the British Chambers of Commerce (BCC) has predicted.
The European Central Bank has vowed to continue with its programme of electronic money printing to shore up the eurozone recovery but surprised financial markets by reducing the amount of stimulus it expects to provide each month.