(Reuters) – U.S. Federal Reserve Vice Chairman Richard Clarida said on Friday the global economic outlook has worsened since July. “The global economy is slowing and there’s powerful disinflationary pressures,” Clarida told CNBC in an interview. Clarida also said the U.S. economy is “in a good place,” and he does not see a heightened recession […]

NEW YORK (Reuters) – Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. All three major U.S. stock indexes ended the session sharply lower, posting their […]

JACKSON HOLE, Wyo. (Reuters) – The Federal Reserve will “act as appropriate” to keep the U.S. economy healthy, Fed Chair Jerome Powell said on Friday, remarks that did not say how fast it might cut interest rates, drawing fire from President Donald Trump. The Fed chair, under pressure from Trump and markets to cut rates, […]

Ryanair is to shut four of its Spanish bases in January, putting the jobs of more than 500 pilots and cabin crew at risk, the local USO union said on Friday. It is understood the airline has told staff its main focus will be to minimise job losses through transfers, but that some jobs may […]

(Reuters) – Wall Street’s three main indexes lost about 1% on Friday after President Donald Trump said U.S. companies should “immediately start looking for an alternative to China” after Beijing officials earlier retaliated by imposing tariffs on U.S. goods. At 11:07 a.m. ET, the Dow Jones Industrial Average .DJI was down 283.17 points, or 1.08%, […]

(Reuters) – Wall Street was set to open lower on Friday as China’s threat to impose tariffs on $75 billion worth of U.S. goods ratcheted up trade tensions ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell. China’s commerce ministry said it would impose additional tariffs on a total of 5,078 U.S. […]

While we usually pay good money to fly away on holiday for this weather, we are seriously struggle to endure such a huge heatwave whilst commuting in our work clothes. But finally someone has come up with a genius invention to stop inevitable underboob sweat and keep you dry. And it actually works, boasting dozens […]

LONDON (Reuters) – World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month. Suggesting markets remain broadly confident of further Fed easing, European stocks […]

The company behind children's cartoon Peppa Pig has been bought out by US toy company Hasbro for £3.3 billion. Hasbro, maker of Monopoly and My Little Pony, said that the takeover of Entertainment One (eOne) would “dramatically enhance” its storytelling capabilities. As well as Peppa Pig , the company produces PJ Masks and new preschool […]

The company behind Peppa Pig is to be bought by US toy giant Hasbro for £3.3bn. The maker of Monopoly and G.I. Joe said the acquisition of London-listed Entertainment One would “dramatically enhance” its storytelling capabilities. Under the terms of the deal, Entertainment One shareholders will receive £5.60 in cash for each share, while the […]