Economy Archive
WT24 Desk Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains, …
WT24 Desk European banks are privately warning they will have to shift thousands of people out of Britain if Brexit negotiations push the Bank of England to demand that they reinforce London operations with fresh capital, executives have told Reuters, …
WT24 Desk Sterling’s rise since Prime Minister Theresa May called a snap election last month should to help limit a surge in British inflation this year although it will still sail far over the Bank of England’s target, a think …
WT24 Desk British retailers reported only weak growth in sales over the Easter holidays, a survey showed on Friday, adding to signs that consumer spending is losing steam as Britain gears up for a national election next month, Reuters reports. …
WT24 Desk After plowing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading …
WT24 Desk The German economy picked up speed in the first quarter of 2017, driven by higher investment in construction, machinery and equipment, robust household and state spending as well as strong exports, the Federal Statistics Office said on Friday, …
WT24 Desk British shoppers are increasingly seeking bargains to offset rising inflation and employers are finding it harder to recruit migrant workers, according to surveys published on Tuesday which reflected the impact of last year’s Brexit vote, Reuters reports. Total …
WT24 Desk Chinese President Xi Jinping offered the prime minister of deeply indebted Greece strong support on Saturday, saying the two countries should expand cooperation in infrastructure, energy and telecommunications, Reuters reports. Xi told Prime Minister Alexis Tsipras that Greece …
WT24 Desk Chinese President Xi Jinping pledged $124 billion (96.25 billion pounds) on Sunday for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based …
WT24 Desk BT (BT.L) said on Thursday it would cut 4,000 jobs in its Global Services unit that serves multinationals and scale back its dividend growth ambitions in a drive to recover from an accounting scandal and a profit warning, …
