More than eight years since the birth of bitcoin, central banks around the world are increasingly recognising the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to...
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 massive vote of confidence in Britain’s economy? That’s how Defence Secretary Gavin Williamson described BAE Systems’ £5bn deal to flog 24 Typhoon fighter jets to Qatar. There is, of course, another way to look at the transaction.  It’s also a massive vote of...
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...
A large majority of British people think the Government’s struggle for a Brexit deal has become so all-encompassing that other crucial challenges have been forgotten about, a poll has revealed. The exclusive survey for The Independent by BMG Research showed some 60...
Having spent eight months merely to get to the starting line for talks with the European Union on the vital issue of post-Brexit trade arrangements, British ministers are not, perhaps, in a good position to speculate on the lack of productivity...
A court in El Salvador has upheld the 30-year sentence of a woman jailed for what she says was a stillbirth. Teodora Vasquez, 37, has been in prison for nearly ten years. She says she called an ambulance and collapsed after suffering severe abdominal...
White House officials have claimed they purposefully leave information on Russian interference out of Donald Trump’s daily briefings for fear it will upset him. Current and former administration officials told the Washington Post they frequently plan the President’s daily brief (PDB,) around...
Retail sales jumped unexpectedly in November, reflecting Black Friday bargain hunting by shoppers. The Office for National Statistics (ONS) reported that sales volumes were up 1.1 per cent in the month, well ahead of the 0.4 per cent that City of London analysts...
An influential committee of MPs has thrown its support behind a Brexit transition agreement that sees EU laws continue to reign supreme, stressing that it would be a "price worth paying" for stability after March 2019. The Treasury Select Committee is urging...