The Bank of England should hold off from raising interest rates next month, according to a forecasting body. Bank governor Mark Carney has said rates could go up in the "relatively near term", with many analysts expecting a hike in November. However, the EY Item Club said such a move risked...
African policy makers, leading practitioners and development thinkers have met in Berlin with development partners to formulate common positions on African economic transformation to present to Group of 20 (G20) leaders. Dubbed “Africa’s Economic Transformation within the Context of the G-20 Partnership with Africa“, the context for the one-day meeting,...
Barclays says its profits more than doubled in the first three months of the year, boosted by better performance across the board. Pre-tax profit for the first quarter was £1.682bn, up from £793m for the same period last year. Chief executive Jes Staley said it had been "another quarter of strong...
The UK economy grew by just 0.3% at the start of the year, the slowest growth rate since the first three months of 2016, according to official figures. The Office for National Statistics said that the slower pace in the January-to-March period was due mainly to the service sector, which...