Bank of England ‘keeping close eye on UK consumer spending'

​London, Jan 17 (IANS) The Bank of England is keeping a close watch on Britain's consumer spending amid signs of households dipping into their savings and amassing debts to keep spending in the face of rising inflation, media reports said. ...

LeEco secures over $2 bn investment from Sunac

Beijing, Jan 14 (IANS) Chinese internet and technology conglomerate LeEco has secured over $2 billion in investment from real estate developer Sunac China Holdings, media reports said. ...

Australia plans to tax all digital transactions

Canberra, Jan 11 (IANS) The Australian government plans to tax all online transactions, Treasurer Scott Morrison said on Wednesday, as part of a so-called 'tax strike' on the rapidly-growing digital economy. ...

Australia plans to tax all digital transactions

Canberra, Jan 11 (IANS) The Australian government plans to tax all online transactions, Treasurer Scott Morrison said on Wednesday, as part of a so-called 'tax strike' on the rapidly-growing digital economy. ...

Chinese economy grew 6.7% in 2016

Beijing, Jan 10 (IANS) Chinese economy is estimated to have grown about 6.7 per cent in 2016, a top economic planner said on Tuesday. The world's second largest economy registered the same growth rate in the first, second and third quarter in 2016, Xinhua news agency quoted Xu Shaoshi, director of the ...

UK spending growth at 2-year high

London, Jan 9 (IANS) The final three months of last year saw the strongest quarterly growth in British consumer spending in two years, according to payment card company Visa. ...

Toyota shares fall following Trump's tariff threat

​Tokyo, Jan 6 (IANS) The shares of Toyota Motor fell on the Tokyo Stock Exchange (TSE) on Friday after US President-elect Donald Trump threatened the Japanese car manufacturer with customs duties if it continues the construction of its new vehicle assembly plant in Mexico. ...

Apple confirms $1 bn investment in SoftBank

​New York, Jan 5 (IANS) Tech giant Apple on Thursday confirmed it plans to invest $1 billion in Japanese telecom giant SoftBank's massive $100 billion Vision Fund. According to a report in TechCrunch, the fund is a joint effort between SoftBank and the government of Saudi Arabia's Public Investment Fund (PIF) that reportedly seeks to...

Britain to launch new pound coin

London, Jan 2 (IANS) The British government will launch a new one pound coin at the end of March and scrap the current one by October. An announcement from the British Treasury on Sunday said the new 12-sided one pound coin would become legal tender on March 28 and the new coin would be produced by ...

UK banks, financial firms may relocate to Ireland

London, Dec 26 (IANS) Banks and more than 100 UK companies are inquiring about relocating to Ireland after Britain's historic vote to leave the European Union (EU), a media report said. ...

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