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Government borrowing at lowest September level for 10 years

Image copyright Getty Images Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month’s deficit stood at £5.902bn, down almost 11% compared with the same month last year, the Office for National Statistics (ONS) said. With many economists having forecast a deficit of about £6.5bn, […]

Australian carmaking runs out of road

Image copyright Holden Image caption A 1970s advert featuring a Holden car and smiling, patriotic Australians Australia’s final locally made car left the production line on Friday when Holden stopped manufacturing in the nation. It is considered the end of an era after similar exits by Ford and Toyota, writes the BBC’s Hywel Griffith in […]

Rail firms ‘consider’ railcard for 26 to 30-year-olds

Image copyright Getty Images Over four million young people in the UK could be set to benefit from a new railcard for 26 to 30 year-olds. The website MoneySavingExpert (MSE) said it had seen documents from the Rail Delivery Group (RDG), which owns the National Rail brand, confirming a rollout of the card next year. […]

Nissan halts production in Japan over inspection concerns

Image copyright Getty Images Image caption Nissan chief executive Hiroto Saikawa bows at a news conference announcing the recall Nissan shares fell 2% on Friday after the firm suspended domestic production for two weeks over concerns with its inspection procedures. The firm will stop production at its six Japanese plants to ensure they comply with […]

Kobe Steel uncovers more evidence of quality mistakes

Image copyright Reuters Scandal-hit Kobe Steel has found fresh evidence of mistakes with data on the quality of its products. The Japanese company said on Friday it had uncovered a new case of fake data at a subsidiary that processes steel plate. Kobe also said it had found a case of employees not reporting evidence […]

Goldman Sachs chief Lloyd Blankfein hints at Frankfurt move

Image copyright Reuters Goldman Sachs boss Lloyd Blankfein has delivered a hint that Frankfurt will become a key European base for the Wall Street giant post-Brexit. He tweeted: “Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit”. The firm, which is known to […]

Black Monday 1987: ‘Our jaws hit the desk’

Image copyright AFP Thirty years ago investors were stunned as global stock markets collapsed like a chain of dominos. The day became known as Black Monday as months and years of share price rises were reversed in a single day of trading. One dealer recalls being so stunned “jaws were hitting the desk”. In August […]

Amazon: More than 100 cities bid for new headquarters

Media captionAmazon wants US cities to bid for its second major HQ US cities seeking to bid for Amazon’s second headquarters will need to submit their proposals by the end of Thursday. Amazon plans to invest $5bn (£3.8bn) and create 50,000 new jobs at the new headquarters, which will be a “full equal” to its […]

UK banks ‘exposed to money laundering in South Africa’

Image copyright AFP/Getty Images Image caption Many protesters are highly critical of the Gupta family UK financial regulators and the Serious Fraud Office are to review if banks HSBC and Standard Chartered are linked to a South Africa corruption scandal. It comes after Lord Peter Hain said the banks may “inadvertently have been conduits” for […]

UK banks ‘exposed to money laundering in South Africa’

Image copyright AFP/Getty Images Image caption Many protesters are highly critical of the Gupta family The UK Chancellor has asked financial regulators and the Serious Fraud Office to review whether banks HSBC and Standard Chartered are linked to a corruption scandal in South Africa. Lord Peter Hain has raised concerns the banks may “inadvertently have […]

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