The European Central Bank has "substantially" upgraded its GDP growth forecasts for the eurozone, reflecting the brightening economic prospects for the single currency area even as the UK's outlook is gloomy due to Brexit. The ECB's latest forecast for growth in 2017 is 2.4 per...
A transition period after Brexit where the UK continues to accept EU rules would be a “price worth paying” for economic stability, an influential Commons committee has said. Cross-party MPs on the Treasury Committee said the Government should consent to a “standstill”...
Russia’s ex-economics minister Alexei Ulyukayev has been found guilty of accepting a bribe, a Moscow judge announced on Friday morning.  Judge Larisa Semenova began reading her verdict at 11.30am local time — aloud in mantra, as is customary in Russia. It may...
Saudi Arabia plans to raise the price of domestic petrol and jet fuel in January, part of a programme to gradually eliminate energy subsidies as the kingdom seeks to overhaul its economy and balance the budget, according to a person with knowledge...
The US economy would be $1.6trillion larger if women had the same better opportunities at work, new research has revealed.  A study published this week by Standard & Poor's found the US could boost its GDP up to 10 per cent in...
It’s 5am in California and Peter Jensen, head of digital innovation for Moleskine, is already up, gathering his things together ready for a flight to New York. It will be a while yet before he returns to his native Denmark, where...
Gibraltar’s financial services watchdog will introduce the world’s first bespoke licence for “fintech” firms using blockchain distributed ledger technology from next month in a bid to attract start-ups to the British overseas territory as it prepares for Brexit. The move is the...
Camera specialist retailer Jessops is targeting the selfie-generation with new-style stores that promote instant photo gifts. Five years after being rescued from administration by Dragon’s Den panellist Peter Jones, Jessops now has 58 outlets including 11 in Sainsbury’s stores. Sales rose 24% to nearly £100m in the year to April 2017. While the company slipped...
Ryanair has said that it has agreed to change its longstanding policy and recognise pilot unions in a slew of countries across Europe, including the UK, to avoid widespread disruption for travellers over the crucial Christmas period. The low-cost airline on Friday...
IMAX is close to sealing a deal that could see it open cinemas in Saudi Arabia. The cinema technology firm’s chief executive Richard Gelfond said that he hopes to open up to 20 theatres in the conservative country within three years.  “We’ve heard...