Finance

Jihadist rebel groups clash in northwest Syria – monitor

Syrian jihadists seen as close to Islamic State battled a rival hardline Islamist faction on Monday in northwestern Syria, a war monitor and an official with another insurgent group said, in an escalating power struggle. Jund al-Aqsa and Tahrir al-Sham clashed around Kafr Zeita in the countryside north of Hama, and near Tamaniaa, Khan Sheikhoun and Tal Aaas in southern ... Read More »

Co-operative bank puts itself up for sale

Britain’s Co-operative Bank (42RQ.L), rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements. The bank said on Monday that it had made considerable progress implementing its turnaround plan, cutting its cost base by a fifth since 2014. ... Read More »

EU sees euro zone economy weaken this year, Britain to halve growth by 2018

Euro zone’s economic growth is expected to lose some speed this year and to rebound in 2018 while the British economy will nearly halve its expansion by 2018, the European Commission said on Monday, warning of higher political risks. The EU executive forecast that growth in the 19 countries sharing the euro would slow to 1.6 percent this year from ... Read More »

Apple to start making iPhones in India, says state government

Apple is to start making iPhones in the southern Indian state of Karnataka, the state’s government has said. Ministers said Apple would start an initial manufacturing operation in the state, whose capital is the tech hub Bangalore, in April. The tech giant has a 2% share of India’s mobile phone market, well behind South Korean rival Samsung. Apple has yet ... Read More »

US firms added 227,000 jobs in January

US businesses added 227,000 jobs in January, way above economists’ forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December’s rise of 157,000, revised up slightly from last month’s first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose. Even so, the jobs growth suggests ... Read More »

Trump to order review that could relax Dodd-Frank bank rules

US President Donald Trump is expected to take his first steps to scale back financial services regulations on Friday. He is due to sign an executive order to review the 2010 Dodd-Frank financial regulations, which some people on Wall Street say are overly-restrictive. The law was brought in after the 2008-09 financial crisis with the aim of avoiding another financial ... Read More »

China’s economy grows 6.7% in 2016

China’s economy grew by 6.7% in 2016, compared with 6.9% a year earlier, according to official data, marking its slowest growth since 1990. The figure is in line with Beijing’s growth target of between 6.5% and 7%. But the data comes days after the leader of one Chinese province admitted GDP data was faked for several years. China is a ... Read More »

Davos 2017: Business leaders prepare to temper Trump

Donald Trump’s hand-picked policy advisers have indicated that some of his most controversial campaign promises may never be fully implemented. The BBC spoke to members of the Strategic and Policy Forum, a group of 19 business leaders who will meet with the incoming president, who will be sworn in on Friday, on a regular basis to help shape his economic ... Read More »

Could EU citizens get better UK access?

It has been said of the Prime Minister that it is as important to listen to what she doesn’t say as to what she does. When I interviewed her yesterday, I asked about an issue that is a live debate in government. Yes, the Prime Minister has been very clear about what the UK doesn’t want in its negotiations with ... Read More »

The successful women embracing ‘girl power’

“Embrace your inner girl” is not a phrase you’ll hear very often, particularly in the macho world of business where “manning up” is more de rigueur. Yet if you attend any major business conference this year, then you’re likely to come across “The Girls’ Lounge”. It might sound like a name dreamt up by an unimaginative spa owner or an ... Read More »