Saturday, August 18, 2018

First Ikea in India

Swedish furniture giant Ikea has opened its first store in India in the southern city of Hyderabad. With a growing middle class, India could be a big opportunity for the company, but it is also a market with many quirks. Ikea's...
The Bank of England is poised to lift interest rates from their financial crisis lows for the first time in almost a decade. The Bank's monetary policy committee is widely expected to increase the cost of borrowing from 0.5% to...
If it's a four-fingered wafer covered in chocolate, the Kit Kat people would tell you they own that design. Spare a thought, then, for identical treats like Norway's Kvikk Lunsj - pronounced "quick lunch" - which has been around for...
Investment in the UK’s motor industry has halved because of uncertainty over Brexit, according to the sector’s trade body. New data from the Society of Motor Manufacturers & Traders (SMMT) showed that just £347.3m was spent on new models and...
A group of TSB customers are to pay hundreds of pounds more in mortgage payments after the bank’s IT debacle spread to its lending business. Since the end of April, customers have been experiencing a range of technical issues following an upgrade to...
This week sees the long-awaited opening up of the Chinese equity market to global investors. From Friday, a group of Chinese A-shares – locally-listed stocks that until now have been broadly off-limits to foreign investors – will be included...
House prices in Britain rose a bit more quickly this month after touching a seven-month low in March but they are still expected slow this year, reflecting weak economic growth and possibly higher interest rates, mortgage lender Nationwide said. House...
Britain will leave the customs union after Brexit, Downing Street has insisted, with Theresa May and other ministers set to skip a Labour bid in the House of Commons to stop the UK leaving later this week. The Government moved to...
Savers could be missing out on savings rates 2,500pc higher than they're currently getting by sticking with the banks they know. A number of little-known banks have been creeping into the best buy tables since the summer of 2015 when a...

German recession

Talarming speed and any mistake by policy-makers could push the country into a full-blown slump, a leading economic institute has warned. “The danger of recession has increased markedly. It is a notably more critical picture than a month ago,” said the...

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