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Is now the time to raise interest rates?

Is now the time to raise interest rates?

Image copyright AFP Image caption Is the economy moving fast enough to bear a rate rise? It’s been 10 years since the UK last saw interest rates rise. Back then, the iPhone had only just been unveiled, Twitter was a one-year old mystery and Instagram didn’t even exist. Hard to imagine life without these things […]

Police conduct inquiries into Royal Bank of Scotland unit

Police conduct inquiries into Royal Bank of Scotland unit

Image copyright AFP Police are looking into the treatment of customers by a division of RBS which was set up to help companies in trouble, the BBC has learnt. GRG was the part of the bank set up to help ailing business customers, but it has been accused of mistreatment by some customers and MPs. […]

Government borrowing at lowest September level for 10 years

Government borrowing at lowest September level for 10 years

Image copyright Getty Images Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month’s deficit stood at £5.902bn, down almost 11% compared with the same month last year, the Office for National Statistics (ONS) said. With many economists having forecast a deficit of about £6.5bn, […]

Australian carmaking runs out of road

Australian carmaking runs out of road

Image copyright Holden Image caption A 1970s advert featuring a Holden car and smiling, patriotic Australians Australia’s final locally made car left the production line on Friday when Holden stopped manufacturing in the nation. It is considered the end of an era after similar exits by Ford and Toyota, writes the BBC’s Hywel Griffith in […]

Rail firms ‘consider’ railcard for 26 to 30-year-olds

Rail firms ‘consider’ railcard for 26 to 30-year-olds

Image copyright Getty Images Over four million young people in the UK could be set to benefit from a new railcard for 26 to 30 year-olds. The website MoneySavingExpert (MSE) said it had seen documents from the Rail Delivery Group (RDG), which owns the National Rail brand, confirming a rollout of the card next year. […]

GE cuts profit guidance as shares fall on trading worries

GE cuts profit guidance as shares fall on trading worries

Image copyright EPA General Electric has slashed its profits guidance after posting a quarterly loss due to weak trading in two key divisions. Shares in the industrial group fell at the start of trading on Wall Street after it unveiled a 5% fall in third quarter earnings to $1.8bn. New chief executive John Flannery is […]

Bank of England under fire for lack of diversity

Bank of England under fire for lack of diversity

Image copyright BoE Image caption The most recent picture of the Bank of England’s Monetary Policy Committee. Front row (L to R): ​Ben Broadbent; Mark Carney; Minouche Shafik (departed); Sir Jon Cunliffe. Back row: Michael Saunders; Gertjan Vlieghe; Andrew Haldane; Ian McCafferty; Kristin Forbes (departed). The Chancellor has been taken to task by MPs about […]

Mobile companies overcharging customers after contracts end

Mobile companies overcharging customers after contracts end

Image copyright Getty Images Image caption The government thinks mobile operators need to inform customers once the handset is paid off Vodafone, EE and Three are continuing to charge customers for the mobile phones they buy as part of a contract, even after the cost of the handset has been paid off, research suggests. Citizens […]

Nissan halts domestic production after improper inspections

Nissan halts domestic production after improper inspections

Image copyright Getty Images Image caption Nissan chief executive Hiroto Saikawa bows at a press conference announcing the recall Nissan shares fell 2% on Friday after the firm suspended domestic production for two weeks over concerns with its inspection procedures. The firm will stop production at its six Japanese plants to ensure they comply with […]

Goldman Sachs chief Lloyd Blankfein hints at Frankfurt move

Goldman Sachs chief Lloyd Blankfein hints at Frankfurt move

Image copyright Reuters Goldman Sachs boss Lloyd Blankfein has delivered a hint that Frankfurt will become a key European base for the Wall Street giant post-Brexit. He tweeted: “Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit”. The firm, which is known to […]

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