News: Money

Food and transport costs help push inflation to five-year high

Wednesday  06:43,   18 october 2017
Press Association

The Consumer Price Index measure of inflation rose to 3% last month, up from 2.9% in August.Inflation surged to a five-year high in September as rising food and transport costs upped the financial pressure on[...]

Pension rip-off fees scandal

Wednesday  06:42,   18 october 2017
MSN

Pensioners who take a regular income from their savings are at risk of losing £13,500 in fees, according to new research. The problem occurs when people access their pension savings and opt for a drawdown deal that allows them to regularly withdraw[...]

U.K. Is Said to See Brexit Breakdown Without EU Compromise

Wednesday  06:41,   18 october 2017
Bloomberg

Brexit negotiations are heading for a catastrophic breakdown unless the European Union signals this week that it will allow talks to move on to trade, according to a person familiar with the U.K. government’s position. Without a clear sign that[...]

Central bankers face a crisis of confidence as models fail

Wednesday  06:40,   18 october 2017
The Financial Times

Central bankers usurped the titans of Wall Street as the masters of the universe almost a decade ago. They rescued the global economy from the financial crisis, flooding the world with cheap money. But never have they been so[...]

ANALYSTS: The pound could drop almost 20% further in a 'no deal' Brexit scenario

Tuesday  08:31,   17 october 2017
Business Insider

The most noticeable economic impact of Brexit on the average Brit in the past year has been the monumental drop in the value of the pound since the vote. Holidays have become more expensive and imported goods have gone up in[...]

Oil jumps on fears of new Iran sanctions, Iraq conflict

Monday  23:57,   16 october 2017
Reuters

By Henning[...]

Is 'Spreadsheet Phil' heading for the sack?

Monday  23:56,   16 october 2017
Sky News

When compared with political nicknames such as Iron Lady, Tarzan or Grand Old Man, the sobriquet of Spreadsheet Phil doesn't shine.But it does at least ring true about the incumbent Chancellor, Philip Hammond: patrician, restrained, even[...]

They Created the Wildly Popular Hatchimals — And Now They’re Billionaires

Monday  23:55,   16 october 2017
Money

Ahead of the holiday season, the newest iteration of the popular Hatchimals toys has twins emerge from their shell together — but these robotic animals aren’t the only two breaking a barrier this year. The co-CEOs and chairmen of the[...]

Weinstein Company enters into talks to sell assets as assault scandal grows

Monday  23:55,   16 october 2017
Press Association

The company has also secured a cash injection from the private equity firm.The Weinstein Company is mulling over the sale of “all or a significant portion” of its assets amid growing allegations of sexual assault by film producer Harvey[...]

Vauxhall to cut a quarter of factory workforce

Sunday  19:03,   15 october 2017
Sky News

Vauxhall has announced plans to cut 400 jobs at its factory in Ellesmere Port - nearly a quarter of the workforce. Just under 1,800 people work at the plant, which has manufactured the Astra model since 1979.Vauxhall blamed "challenging European[...]

U.K. Sees $837 Billion Gain on Artificial Intelligence by 2035

Sunday  19:03,   15 october 2017
Bloomberg

Artificial intelligence could add 630 billion pounds ($837 billion) to the U.K. economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalized services, improvements in health care and[...]

Costco is still cheaper than Whole Foods

Sunday  19:02,   15 october 2017
CNBC

<p>Competition is heating up in the grocery industry.</p>Competition is heating up in the grocery[...]

6 Most Important Things In Business Today

Sunday  19:01,   15 october 2017
24/7 Wall St.

Saudi Arabia may drop its plan to take huge oil company Aramco public Social Security benefits will probably rise 2% next year Bloomberg reports that California wildfires have grown substantially and take more lives. Its editors wrote They fled in[...]

Walmart Moves From Traditional Retailer To High-Tech Innovator

Sunday  19:01,   15 october 2017
Forbes

What happens when one big retailer competes head-to-head against another big retailer? That’s a world-champion heavyweight fight. That’s Amazon versus Walmart. Before going any further, I should say that I admire both of these retailers. They have[...]

3 Reasons Why We Are Addicted To Smartphones

Sunday  13:50,   15 october 2017
International Business Times

Why we love our phones so much might be related to our basic yearnings as human beings, explains a scholar, who is also a pastor.The much-anticipated product launch was followed by millions who watched the event via livestream and on internet[...]