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Donald Trump: Has US debt fallen since the president took office?

Donald Trump: Has US debt fallen since the president took office?

President Trump made a number of claims about the economy in his first answer on Sean Hannity’s programme on Fox News on Wednesday. This is what he said: “The country – we took it over, it owed $20 trillion. As you know, the last eight years they borrowed more than it did in the whole […]

Equifax site faces another attack

Equifax site faces another attack

Image copyright Reuters Image caption The massive data breach affects even more UK customers than first admitted Equifax has taken down a customer help web page amid reports of another attack on the credit reporting giant. The firm said it took down the link for credit report assistance temporarily “out of an abundance of caution”. […]

UK lenders cutting back on unsecured loans, says Bank

UK lenders cutting back on unsecured loans, says Bank

Image copyright Getty Images UK banks and building societies have told the Bank of England they expect to tighten up on non-mortgage lending to households in the coming three months. In the Bank’s survey, lenders also said the availability of unsecured credit to households had fallen during the the third quarter. The criteria for granting […]

Young face growing mortgage debt burden

Young face growing mortgage debt burden

Image copyright Getty Images Young first-time buyers are increasing their overall mortgage debt in order to tackle short-term financial pressures. The average mortgage term is lengthening from the traditional 25 years, according to figures from broker L&C Mortgages. Its figures show the proportion of new buyers taking out 31 to 35-year mortgages has doubled in […]

Sky deal: James Murdoch faces shareholders at annual meeting

Sky deal: James Murdoch faces shareholders at annual meeting

Image copyright AFP/Getty James Murdoch is poised to defend his position as Sky’s chairman at its annual shareholder meeting on Thursday. A trio of advisory firms have called on shareholders to rebel against Mr Murdoch, who is chief executive of 21st Century Fox and sits on its board. One investor, Royal London, which owns £44m […]

New Board of Trade established by government

New Board of Trade established by government

Image copyright Reuters Image caption Brexit, and disputes such as that involving Bombardier and Boeing, have made trade an increasingly vexed issue The Board of Trade is to be revived as an advisory body to attract more inward investment to the UK and boost exports. The government has given it the aim of spreading the […]

Gucci boss pledges firm to go fur free in 2018

Gucci boss pledges firm to go fur free in 2018

Image copyright AFP Image caption The policy change will come into effect in 2018 Luxury fashion brand Gucci will go fur-free from next year, the company’s chief executive has announced. Marco Bizzarri said on Wednesday during an event at the London College of Fashion that the move formed part of a commitment to “sustainability”. The […]

WTO countries fret over Brexit plans

WTO countries fret over Brexit plans

Image copyright Phil Coomes Image caption Import quotas are the biggest sticking point The UK and EU have formally set out plans for World Trade Organization commitments post-Brexit, but they have already been opposed by some countries. The issue is about how much of certain goods can be imported at reduced tariffs after Brexit. These […]

Kobe Steel scandal sparks car and train checks

Kobe Steel scandal sparks car and train checks

Image copyright Reuters Japanese car, train and aircraft makers are investigating whether they have used any sub-standard materials in their products. The checks come after Kobe Steel admitted it falsified quality control data possibly for as long as a decade. Toyota, Nissan and Honda are among the companies examining their output. Kobe Steel also said […]

IMF warns on financial stability

IMF warns on financial stability

Image copyright Getty Images The risks to global financial stability in the immediate future have declined, according to a new assessment from the International Monetary Fund. But at the same time, vulnerabilities over the longer term are building, the IMF warns. The very low interest rate policies of the rich countries have led investors to […]