Companies will no longer be able to force staff to retire at 65, Britain's government said on Thursday in a move to boost the number of older people staying on at work as the population ages.
Chinese high inflation rates are expected to continue until the second or third quarter despite the government’s efforts to tame rising prices, according to a survey of 56 leading economists.
As the global economy is entering arguably another tumultuous year, spotlight is sharply on the prospects, policies and risks of China's economy, which has all but sailed past Japan's as the world's second largest after the United States.
EUR/USD probably freed itself from a falling channel and entered a slightly progressing uptrend, inside which the pair is now poised for a rebound.
British retail sales rose in November for a second consecutive month as consumer spending picked up ahead of a hike in value added tax (VAT) next year.
U.S. industrial production rose at its fastest pace in four months in November, implying a self-sustaining recovery is now entrenched, but a mild gain in consumer prices indicated still abundant slack in the economy.
Inflation in the U.S. continued to remain weak during November, in line with analysts' expectations, according to a report by the U.S. Labor Department.
Futures on major U.S. stock indices point to a lower opening on Wednesday with futures on the S&P 500 down 0.47 percent, futures on the Dow Jones Industrial Average down 0.39 percent and Nasdaq100 futures down 0.47 percent.
A survey conducted by Association for Financial Professionals showed the executives do not believe that additional fiscal stimulus is necessary or desirable at this stage.
Inflation continued to rise in the U.K. during November, remaining above Bank of England's (BoE) target for the ninth month, spurred by a hike in food and non-alcoholic drink prices, the Office for National Statistics reported on Tuesday.
Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)
UK households are struggling to pay off their debts despite low interest rates, said a survey on Monday.
U.K.'s producer prices index fell to 0.3 percent in November from 0.6 percent, mainly due to a rise in fuel and food prices, a report by the Office for National Statistics said.
Annual inflation in Germany hit two-year high in November mainly driven by rising energy and food prices, data showed on Thursday.
UK factory orders continued to rise in December and the manufacturers expect the output growth to be robust in the next three months due to strengthening demand at home and abroad.
China's manufacturing activity expanded in November, pointing to more inflationary pressure in the near term.
