News: Money

City to double Brussels unit as Brexit looms

Saturday  03:17,   16 september 2017
Sky News

The City of London is to double the size of its operation in Brussels ahead of Brexit amid mounting concerns about the consequences of a cliff-edge exit from the European Union for one of Britain's most important industries.Sky News has learnt[...]

Oil prices holding gains as demand outlook brightens

Saturday  03:17,   16 september 2017
Reuters

Oil prices were lower on Friday but largely held gains that had prices flirting with multi-month highs, as the cleanup after hurricanes in the United States gathered pace and the outlook for demand took on a firmer tone. In other markets, typically[...]

Juncker's U.S. of Europe Has Few Supporters: Leonid Bershidsky

Saturday  03:17,   16 september 2017
Bloomberg

European Commission President Jean-Claude Juncker is a man of compromise, often to the detriment of the vision he espouses. But in his State of the European Union speech on Wednesday, he delivered an uncompromising call for a tighter, federalist[...]

In Amish Country, the Future Is Calling

Saturday  03:16,   16 september 2017
The New York Times

Some members of the famously tech-shunning sect have begun to incorporate cellphones and computers into their lives, raising unique questions about the balance between work and home.A young woman, wearing a traditional full-length Amish dress and[...]

Amazon's War on Small Business

Saturday  03:16,   16 september 2017
Inc.

Amazon's purchase of Whole Foods is bad news for entrepreneurs and small businesses in the grocery business. Amazon's recent purchase of Whole Foods has spawned much speculation about the company's ultimate intentions. Probably the most[...]

Germany plans for 'worst-case scenario' Brexit

Saturday  03:15,   16 september 2017
Sky News

German industry is preparing for a "worst case scenario" Brexit, a top car executive has told Sky News. Matthias Wissmann, head of the German Automotive Association, said contingency plans were being formed to deal with a possible failure [...]

Jacob Rees-Mogg says the surge in food banks is actually 'rather uplifting'

Saturday  03:15,   16 september 2017
MSN

The rise of food banks across the UK is actually "rather uplifting" because it shows the British people are charitable, Conservative MP Jacob Rees-Mogg said this morning. Last year the Trussell Trust network of food banks[...]

$2 trillion man? Market value added since Trump's election win passes milestone

Saturday  03:15,   16 september 2017
CNBC

Like it or not, the U.S. stock market has performed exceptionally well since President Donald Trump was elected. The S&P 500 has added $2.04 trillion in market value since Trump's election last November through Monday, according to Howard[...]

North Korea is dodging sanctions with a secret bitcoin stash

Saturday  03:10,   16 september 2017
Bloomberg

North Korea appears to be stepping up efforts to secure bitcoin and other cryptocurrencies, which could be used to avoid trade restrictions including new sanctions approved by the United Nations Security Council. Hackers from Kim Jong Un’s regime[...]

Average UK house price has increased by £11,000 in a year

Saturday  03:10,   16 september 2017
Press Association

House price growth in London has remained below the UK average for eight months in a row. The main contribution to the increase in UK house prices came from England, where house prices increased by 5.4% over the year to July, reaching £243,000 on[...]

May's Brexit Bind as Talks Delayed and Toyota Hints at Move

Saturday  03:10,   16 september 2017
Bloomberg

Theresa May is in a double bind as she tries to navigate the politics of Brexit while keeping businesses on side: Even when she thinks she’s giving companies what they want, they say she’s made it worse. May is set to ask the European Union to let[...]

The Bank of England is ready to make clear that rates can't stay this low forever

Saturday  03:06,   16 september 2017
MSN

The Bank of England may be preparing to warn both investors and regular Brits that they cannot expect interest rates to stay as low as they are forever, and that further rises in inflation in the coming months could lead to rising[...]

Inflation jumps to its highest level since Brexit in August

Saturday  03:06,   16 september 2017
MSN

Inflation in August jumped to its joint-highest level since the vote to leave the European Union last year, as Brexit continues to push up the cost of living in the UK. The Office for National Statistics said in its latest release that the[...]

Iceland: UK should have been tougher on bankers

Saturday  03:01,   16 september 2017
Sky News

The UK should have taken stronger action against bankers involved in the financial crisis, according to the Prime Minister of Iceland. In an exclusive interview, Bjarni Benediktsson told Sky News that his own country's actions had helped to "heal"[...]

Theresa May's government scraps the 1% cap on public sector pay

Saturday  03:01,   16 september 2017
MSN

The Conservative government has officially lifted the 1% cap on pay rises for police and prison officers, it was confirmed today. Prime Minister Theresa May has lifted the cap to 1.7% for prison officers from 2017/18 and a one-off increase[...]