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US Federal Reserve raises interest rates again

Image copyright AFP/Getty Image caption Federal Reserve Chairman Janet Yellen has raised interest rates three times this year The US Federal Reserve has raised interest rates by 0.25%, the third rate rise in 2017. The US central bank said the move, which was widely expected, underscores “solid” gains in the US economy. Officials also boosted […]

Republican lawmakers say historic tax deal is agreed

Image copyright Getty Images Image caption The president says he would like to sign a tax bill by Christmas US Republican lawmakers say they have agreed to a deal paving the way for the biggest overhaul of the country’s tax system in 30 years, US media report. There has been no full announcement but reports […]

Sports Direct investors veto £11m payout to Ashley’s brother

Image copyright Getty Images Image caption Sports Direct founder Mike Ashley wanted the company to give his brother £11m Sports Direct shareholders have rejected a proposed £11m payment to the brother of its founder, Mike Ashley. The tycoon, who abstained from voting, wanted to give John Ashley the cash as a back payment. However, the […]

DanTDM: the million-dollar jelly bean-eating gamer

Media captionDanTDM: “I feel loads of responsibility to my fans” How much could you earn by eating jelly beans and playing video games? Look at this year’s YouTube rich list and you might be surprised. British YouTuber Dan Middleton raked in $16.5m (£12.3m) this year, making him YouTube’s highest earner. Known as DanTDM, he’s famous […]

Bank of England’s PRA to remove gendered language

Image copyright Getty Images The old lady of Threadneedle Street may soon lose her moniker under plans by the Bank of England to remove gendered language from documentation. Under proposals by the Prudential Regulatory Authority (PRA), which regulates banks and insurers, a chairman will become chair. It also wants to change how individuals are addressed […]

UK wage growth continues to lag inflation

Image copyright Getty Images Wage growth fell behind inflation for a seventh month in a row, according to new employment figures. The Office for National Statistics said average weekly wages rose by 2.3% in the three months to October, below inflation at 3%. Real earnings, which take into account the cost of living, fell by […]

‘I was saved from a £10,000 car scam’

Media captionMy close escape from £10,000 bank scam Seventy-two-year-old Barry Fox is one of hundreds of people saved from scams after bank staff stopped him spending £10,000 on a fictitious Rolls-Royce. The retired lorry driver went into his Barclays branch intending to withdraw the cash to pay for the luxury car he saw on an […]

Disney set to seal $60bn 21st Century Fox takeover

Image copyright Getty Images Image caption Rupert Murdoch with his third wife, Jerry Hall Walt Disney is close to confirming a deal to buy 21st Century Fox’s entertainment assets for about $60bn, reports say. The sale would include the 20th Century Fox film studio and the Sky and Star satellite broadcasters in the UK, Europe […]

Water bills set to fall by up to £25 from 2020

Image copyright Getty Images Household water bills in England and Wales will fall by between £15 and £25 a year from 2020 to 2025, the regulator Ofwat has pledged. A forthcoming price review will give water companies less wiggle room to recover the costs of debt and equity from customers, the regulator said. Ofwat was […]

Dixons Carphone profits fall on weak demand for mobiles

Image copyright Getty Images Profits at Dixons Carphone plunged by 60% in the first half as people shunned expensive mobile phones and held onto their old handsets for longer. The electricals retailer said like-for-like sales in mobile fell by 3% in the first six months of its financial year. Dixons Carphone warned on profits in […]