Lack of suitable candidates affected employers’ ability to fill vacancies in...
Lack of suitable candidates is affecting employers' ability to fill vacancies in Scotland, according to a fresh report by the Bank of Scotland.The jobs market kept on growing in March, albeit at a...
View ArticleGold Slides and the Trade Deficit Widens Causing the Yen to Drop
The yen dropped as Japan posted a wider trade deficit than what was estimated. A gain which was earlier noticed in Tokyo got erased. The price of gold fell and wheat moved back too.At 1:44 p. m. Tokyo,...
View ArticleUkraine Tension and Closed Markets Push Asian Stocks Lower
Tensions mounting in Ukraine and the signs of sluggish growth in China as well as the doubt about the timing when the U.S. Federal Reserve would begin tightening the interest rates have battered the...
View ArticleTurnaround in household fortunes expected to boost British economy this year
Helped by a turnaround in household fortunes, Britain's economy will expand 3.1 per cent in 2014, a leading economic think tank predicted. In its latest report, the Centre for Economics & Business...
View ArticleBritish consumers’ confidence in economy hits new high
British consumers' confidence in the economy climbed to its highest level in more than two years in the first quarter of this year, the professional services firm Deloitte's latest Consumer Tracker...
View ArticleQinetiQ to sell its American arm for $215 million
Britain's defence group QinetiQ has confirmed that it has agreed to sell its American services division to the SI Organization Inc. for $215 million.QinetiQ North America Services & Solutions Group...
View ArticleBritish factory orders grow at strongest pace in two decades
British factory orders grew at their fastest pace in around two decades in the three months to April this year, according to a fresh survey report by the Confederation of British Industry (CBI).The...
View ArticleEU regulators all set to introduce tougher stress tests for banks
European regulators are all set to introduce a tougher set of tests for the region's banks, as part of the efforts to prevent the recurrence of 2008-type economic crisis. On Tuesday this week, the...
View ArticleLong-term unemployed may be forced to work for free
Those who have been without a job for at least two years will have to enroll on "Help to Work" scheme or face reduced jobless benefits.Work & Pensions Secretary Iain Duncan Smith has declared that...
View ArticleBritish economy is ‘coming back’ from recession: Osborne
The latest official figures showed that the British economy is finally 'coming back' from the recession/economic slump, Chancellor George Osborne said.According to figures released by the Office for...
View ArticleIncome inequality reaching intolerable levels: Thomas Piketty
French economist Thomas Piketty book on income disparity has once again raised concerns over widening gap between the rich and the poor.In his blockbuster "Capital in the 21st Century," Piketty pointed...
View ArticleScotland will be rated at least 2 notches below UK’s rating: Moody’s
An independent Scotland would likely be rated at least two notches below the UK's rating, according to global credit ratings agency Moody's.Moody's predicted that the credit rating of an independent...
View ArticlePiketty’s socialist manifesto not without flaws
Economist Thomas Piketty's latest book "Capital in the 21st Century" that severely criticizes growing inequality between the poor and the rich has been commended by a number of experts, politicians and...
View ArticleParents risk their financial future to help children buy home: Halifax
British parents who helped their adult children in getting on the property ladder are now concerned about their own financial future, according to a fresh report from mortgage lender Halifax.The report...
View ArticleZero-hour contracts remain a flashpoint
The so-called zero-hour contracts have remained a flashpoint, even as the Department for Work & Pensions insists that they are not as bad as mandatory work activity.Zero-hour contracts allow...
View ArticleSelf-employment rises at double pace that of staff: report
Self-employment in Wales grew at twice the pace of growth in the number of people hired by an employer over the past five years, the Resolution Foundation said in its latest showed.Showing the changing...
View ArticleOECD urges govt. to take steps to prevent property bubble
Concerned over soaring house prices across the UK, the Organisation for Economic Co-operation & Development (OECD) has urged the government to scale back its controversial "Help to Buy" scheme that...
View ArticleJapanese investors sell record amount of euro-denominated bonds in March
Investors in Japan sold 1.96 trillion yen ($19.2 billion) worth of euro-denominated long & medium-term bonds in the month of March this year, fresh data released by Ministry of Finance revealed.The...
View ArticleScottish economy continues to grow in April albeit at slowest pace in 2014
The Scottish economy continued to grow in April but the pace of growth slipped to slowest level to date this year, according to the Bank of Scotland purchasing managers' index (PMI).The latest Bank of...
View ArticleScottish firms may shift bank accounts south of border: Deutsche Bank
Government should take steps to ensure a financially viable Scotland as there could be "capital flight" to the remaining UK if voters back independence, a leading investment bank has said.Making an...
View ArticleBoE not to hike interest rates to slow housing boom
Bank of England (BoE) Governor Mark Carney on Wednesday said that the British economy was returning towards "normal" but declared that the central bank had no plans to hike interest rates in the near...
View ArticleUK unemployment rate slips to 6.8%
Increase in self-employment dragged the UK's unemployment rate to its lowest level in more than past five years in the first quarter of this year, according to figures revealed by the Office for...
View ArticleGovt. may pare back “Help to Buy” housing scheme
The "Help to Buy" scheme that helps people buy their first home could be rolled back to addresses overheating housing market, Deputy Prime Minister Nick Clegg has indicated.Mr. Clegg said that the...
View ArticleRetailers in Northern Ireland enjoy nearly 13% rise in footfall
High street stores and shopping centres in the Northern Ireland enjoyed their highest footfall levels in the month of April since 2012, just released fresh data showed.According to the Northern Ireland...
View ArticleTroubled Co-op Group can take many years to stabilise
Beleaguered Co-op Group's members recently unanimously endorsed Paul Myners' proposed reforms, but the group's interim chief executive Richard Pennycook has warned that that it could take as many as...
View Article
