Economic News
Fed cuts by 25 basis points, says outlook still 'uncertain'
America's central bank cut its main policy rate further and now several of its top officials believed that it would need to be lowered again before the year was out.
Ofgem to answer MPs over role in blackout
UK energy regulator Ofgem will face a committee of MPs to answer questions over the blackout in August and its role in the matter.
Taliban warns teachers and students to shun Afghan elections
The Taliban on Wednesday warned teachers and students to avoid working with electoral staff in the run-up to the nation's Presidential vote or risk being killed.
Trump seeks to 'substantially increase' sanctions on Iran
Donald Trump has asked the US Secretary to the Treasury to increase sanctions against Iran, in the latest escalation of tensions between the two countries.
BIS's Carstens says global recession 'far from sure'
The head of the Bank for International Settlements said a global recession was not yet certain and called for a resolution of trade tensions in order to boost growth.
US housing starts hit 12-year high in August
US housing starts hit a 12-year in August, according to figures released by the Commerce Department on Wednesday.
Netanyahu and election rival in deadlock as race is too close to call
Israel’s Benjamin Netanyahu and his rightwing coalition failed to secure the 61-seat majority they needed in the elections, revealed the first round of exit polls.
UK 'best buying opportunity' among developed markets, Blackstone says
Blackstone is among the list of investors that has been picking up UK assets on the cheap as a result of Brexit.
BoE Governor Carney may be asked to extend term - FT
Mark Carney may be asked to prolong his term at the helm of the Bank of England if Britain's scheduled date for departing the European Union is delayed again.
UK house prices grow at lowest rate since 2012
UK house prices grew by less than 1. 0% in July, official data showed on Wednesday, the lowest annual growth rate since 2012.
UK inflation falls to lowest level since late 2016
Inflation has fallen to its lowest level for nearly three years, official data showed on Wednesday, weighed down by volatile computer game prices.