Economic News
House prices to stagnate in 2018, Rics predicts
National house price growth will grind to a halt in 2018 as transactions fall and economic and political uncertainty weigh on confidence, the Royal Institution of Chartered Surveyors has predicted.
UK government may allow DUP donations to remain secret
The government is attempting to allow the DUP to conceal details of political donations, in spite of being bound to the transparency rules that were extended to Northern Ireland in 2014.
Global growth next year will be fastest since 2011
According to PwC, the world economy will expand by almost 4% on a purchasing power parity basis, even as the pace of expansion in Britain slumps to its slowest since 2009.
World Bank nudges China 2017 GDP growth forecast a tad higher
The World Bank expects the Chinese economy to cool further over the short-term but said the Asian giant was making progress on re-balancing.
South Korean cryptocurrency exchange files for bankruptcy after second hack.
The South Korean exchange Youbit has been hacked for a second time this year, resulting in the loss of 17% of its total assets, leading to the announcement of a halt in trading in order to staunch losses.
US housing starts jump past forecasts in November
The US housing market continued to be in good shape last month, amid a surge in construction of single-family homes.
FCA stops illegal £1.2m foreign exchange investment scheme
The Financial Conduct Authority said it had stopped an unauthorised foreign exchange investment scheme that raised at least £1. 2m but never invested the money.
Christmas spending rises with inflation, figures show
Christmas spending has just about kept pace with inflation as shoppers have spent less on food and premium goods, figures from Mastercard show.
Ramaphosa's election boosts South African-exposed shares
Shares in Anglo American, Old Mutual and Lonmin rose after the election of Cyril Ramaphosa as leader of South Africa's ruling ANC party.
Toys R' Us on the brink of collapse, putting 3,200 UK jobs at risk
The Pension Protection Fund is refusing to back the restructuring of Toys R' Us unless it stumps up £9m for the company’s pension fund.
Euro area unit labour costs ebb moderately in the third quarter
Euro area labour cost growth slowed over the three months to September, pointing to still restrained core consumer price growth according to economists.
Euro area construction output declines in Germany and Spain in October
Total euro area construction output shrank in October amid sharp falls in output in Germany and Spain.
US blames North Korea for May cyber-attack
The White House claimed that North Korea was "directly responsible" for the WannaCry malware attack that hit more than 30,000 computers in hospitals, businesses and banks across 150 nations in May and caused billions of pounds in damage.
New data suggests government efforts to narrow gender pay gap have a way to go
According to data published on Monday by civil service head Sir Jeremy Heywood, women employed by the government received an average of 12. 7% less than their male counterparts, something he referred to as a "matter for concern".
German business confidence deteriorates in December - Ifo
German business confidence unexpectedly deteriorated in December, according to a widely-followed survey released on Tuesday.
No special Brexit deal for the City, Barnier says
There will be no special deal for the City of London when Britain leaves the European Union, Michel Barnier, the EU's chief Brexit negotiator, has warned.