Image copyright Getty Images The International Monetary Fund has agreed to speed up a batch of emergency loans to Argentina and provide a bigger bailout than initially planned. The IMF plans to boost its 36-month package to $57.1bn (£43bn) from $50bn announced previously. It will also make more than $36bn available up to the end …
Image copyright Getty Images Rupert Murdoch’s 21st Century Fox will sell its 39% stake in Sky to Comcast, ending the media mogul’s association with the satellite broadcaster after almost three decades. It had been unclear whether Fox would retain its stake in Sky after Comcast won a £30bn bidding war for the satellite broadcaster on …
Image copyright Reuters Image caption The Federal Reserve has been gradually raising interest rates since 2015 The US Federal Reserve has raised interest rates again. Officials increased the target for the bank’s benchmark rate by 0.25%, to a range of 2%-2.25%. A majority of members also said they expect another rise before the end of …
Image copyright Marcel Kusch The Civil Aviation Authority (CAA) has called on Ryanair to compensate passengers affected by staff strikes this week. The CAA argued Ryanair was bound by EU law, but the airline said it would reject any claims. Ryanair has cancelled 150, or about 6% of its 2,400 scheduled flights this Friday. The …
Image copyright Jack Taylor This year’s Budget is to be earlier than usual to avoid clashing with the final stage of Brexit negotiations in November. The date of the Budget, 29 October, also fits in with ministers’ availability and official data releases, a Treasury spokesman said. The Budget will also be a week after a …
Image copyright Newscast Barclays has apologised for giving wrong information to tens of thousands of customers who started compensation claims over payment protection insurance (PPI). The bank has admitted telling them they did not hold PPI policies when in fact they did. Barclays said a “very small percentage of customers” who contacted it via claims …
Image copyright Getty Images A Swedish internet company broke gender discrimination rules by using a popular meme in an advertisement, the country’s advertising regulator has ruled. Bahnhof posted a version of the “distracted boyfriend” meme on Facebook, to advertise job vacancies. The image, which shows a man looking at a woman in a red dress …
Image copyright Getty Images Mobile operators could soon be forced to reduce monthly bills for customers who have finished paying for their handset. The telecoms regulator Ofcom says around 1.5 million consumers continue to be charged the same monthly fee, even though they should only be paying for the actual calls. It said the practice …
Image copyright Getty Images Image caption Dieter Zetsche has run Daimler since 2006 Daimler, the German car maker that owns Mercedes-Benz, will be run by a non-German for the first time next year. Dieter Zetsche, 65, will be replaced by Ola Kaellenius, a 49-year-old Swede, as chief executive in a succession plan announced on Wednesday. …
Image copyright AFP President Trump, in an address at the UN general assembly, asked all nations to isolate Iran. The US has recently reinstated tough economic sanctions which, said the president, will remain in place as long as Iranian aggression continues. Sanctions were imposed after the US pulled out of the six-country nuclear deal earlier …