Economy
Economy | LATEST STORIES
Fuel Retailers Still Overcharging Drivers, Competition Watchdog Says
The CMA said retail margins remain high compared to historic levels, and called on the government to mandate a price comparison scheme.
Competition Watchdog Warns 4 Banks Over Inaccurate Information
HSBC, Lloyds, TSB, and AIB have breached various parts of competition rules by providing inaccurate or out-of-date information, CMA said.
Revolut Granted UK Banking Licence
After a three-year wait the UK fintech company has been given the green light to move forward towards their full licence.
US Economy Expanded 2.8 Percent in 2nd Quarter, Fueled by Consumer Spending
The consumer keeps the U.S. economy in expansion mode.
To Join California’s Top 1 Percent, a Household Must Earn More Than $1 Million per Year
The seven-figure threshold for reaching the top 1 percent holds true in five states. In West Virginia, it takes less than $500,000.
Interest Rate Rise ‘Cannot be Justified’: Deloitte
The Reserve Bank of Australia is due to hold a monetary policy meeting on August 6.
US Homes Hit ‘Highest Price Ever Recorded’ as Sales Numbers Fall: Report
‘Homes are sitting on the market a bit longer, and sellers are receiving fewer offers,’ economist Lawrence Yun said.
Foreign Treasury Holdings Surge to Record High Even as China, Japan Sell US Debt
Sales by Beijing and Tokyo are occurring as the yuan and yen face persistent pressure.
Retail Industry Calls for Tougher Laws Amid Violent Shopping Centre Incidents
This comes after a series of significant incidents at major Australian shopping centres this year, including the Bondi Westfields attack.
Dominos Pizza to Shut Down Around 100 Fast Food Outlets to Improve Profits
The store closures will occur in Japan and France.
Exact Timing of Rate Cut ‘Doesn’t Matter,’ Fed Gov. Christopher Waller Says
Fed governor says achieving the central bank’s dual mandate is what matters.
