The Bank of England says productivity is 16% below its pre-crisis trend – but says it is at a loss to understand why. Its latest quarterly bulletin says that ... Read More
A European Central Bank policymaker is voicing concern that Europe may be too tough on banks as they undergo “stress tests” to measure their financial resilience. European officials are ... Read More
U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in ... Read More
Gazprom has reaffirmed its Monday deadline for Ukraine to pay its debts after talks between Moscow and Kiev ended without agreement. The Russian gas giant said it will cut ... Read More
Facebook will today launch controversial video ads that begin playing automatically in Australian users’ news feeds on the social network. McDonald’s will be the first local advertiser to use ... Read More
The United States government is planning to sell one of the biggest caches of bitcoins, a hoard that’s part of the bitcoin cache seized in October from the Silk ... Read More
U.S. stocks fell on Thursday as concerns escalated about Iraq and after disappointing economic data on retail sales and jobless claims. The three major U.S. stock indexes ended off ... Read More
One of the world’s largest online travel agencies, Expedia, has become the latest company to accept Bitcoin transactions as a form of payment. The firm will initially accept the ... Read More
Australian employers unexpectedly cut payrolls in May, underscoring the likelihood interest rates will remain at a record low for an extended period. The number of people employed fell by ... Read More
Federal Reserve officials, concerned that selling bonds from their $4.3 trillion portfolio could crush the U.S. recovery, are preparing to keep their balance sheet close to record levels for ... Read More
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