CIPD’s economists predict that wages in U.K will grow at a rate that is below the level that was forecasted. An industry figure reported that the U.K government received a wrong forecast patterns for the “wage growth in Britain in 2015”.   The growth rate of the salaries will continue on a...

Devastating effects of the natural calamities could put pressure on the insurance policy holders, as the Storm Frank is being awaited in U.K. Late on Tuesday, Storm Frank brought new battering tidings for England, whereby the cost estimated for cleaning up the flooding effect that took place in the...

After facing a shrinking effect, the manufacturing sector of U.K can expect to grow, shows forecasts. A report reveals that even though the manufacturing activity in U.K has shrunk this year, there are good chances that it will expand in the coming year; although thousands of industrial jobs could...

The coming year’s budget for Japan, earmarks extra spending quota for defence and social security. The Japanese Cabinet Budget for 2016 has made a new record of “$800bn”. There is an extra spending quota under “defence and social security” categories, whereby forming the “key features of the 2016...

Given the strong demand for dollar, yuan’s rate fell in the offshore trade, while crown exhibited strong performance. On Tuesday, China’s yuan plummeted “to their weakest” as per offshore rates. The fell came after the “hefty two-day devaluation” that took place in the month of August. Moreover,...

Solar power and cheaper batteries have pushed the conventional electricity market to take a back seat. There has been a natural monopoly between the suppliers which enjoyed for a long time. However, the launch of “budget batteries” along with “cheaper solar power” has opened up a “growing number of...

After the announcement by Saudi Arabian of one of its biggest shake-ups in economic policy, stocks of the country were poised for the steepest decline in two months. Forward contracts for the riyal surged.   There was a dip of Tadawul All Share Index on Wednesday in Riyadh. Even after the...

After plunging oil prices resulted in a record annual budget deficit of nearly $98bn, Saudi Arabia has announced plans to cut government spending and reform its finances.   Officials said that nearly 15% of the gross domestic product of the country that is equivalent to 367bn riyals...

Under pressure from slowing global demand and abundant supplies and with Saudi Arabia signaling no change to its oil policies and Iran preparing to ramp up exports, oil prices steadied not far off their 11-year lows on Tuesday.   International benchmark Brent stood less than a dollar away...