News And Announcements
China consumer prices rise less than expected, producer prices deflate
China's consumer inflation saw a modest increase in August, with the consumer price index (CPI) rising 0. 6% year-on-year, up slightly from July’s 0. 5%.
Google abusing dominant position in online advertising - CMA
The UK competition watchdog has accused Alphabet’s Google of using its dominant position in digital advertising to hinder competition and favour its own services.
Eurozone GDP growth revised down
The Eurozone economy expanded only marginally in the second quarter, official data showed on Friday, as growth struggled to take hold.
German industrial production falls more than expected in July
German industrial production fell much more than expected in July, according to data released on Friday by Destatis.
House prices pick up to two-year high - Halifax
UK house prices edged up to a two-year high in August as confidence picked up amid easing interest rates, according to figures released by Halifax on Friday.
CMA launches probe into Ticketmaster over Oasis ticket sales
The Competition and Markets Authority has launched an investigation into Ticketmaster follow the sale of tickets for legendary British rock band Oasis' upcoming reunion tour, including just how the company's controversial "dynamic pricing" may have been used.
Eurozone retail sales struggle in July
Eurozone retail sales edged only marginally higher in July, official data showed on Thursday, as a recovery struggled to take hold.
UK new car registrations fall slightly in August ahead of new plates
New car registrations fell slightly across the UK in August, according to the Society of Motor Manufacturers and Traders, as buyers held off until next month's new number plates.
UK construction sector 'turns corner' - PMI
The UK construction sector's recovery continued in August, a closely-watched survey showed on Thursday, although the rate of expansion eased.
Eurozone construction new orders fall 'markedly' - PMI survey
Construction activity in the eurozone remained in the doldrums during August with a sharp fall in new orders and rising prices causing concern as employers laid off staff, according to a survey published on Thursday.
Bank of Canada cuts rates for third time in a row, to 4.25%
The Bank of Canada cut its benchmark rate on Wednesday to 4. 25% from 4. 5%, in line with economists’ expectations, amid easing inflationary pressures.
UK regulator mulling cut to fraud refund cap after industry pressure
The UK’s payments regulator has proposed slashing the maximum amount banks and fintechs would have to reimburse fraud victims after industry pressure to review the cap.
FCA encourages account providers to do more to support vulnerable customers
Financial watchdog The Financial Conduct Authority has encouraged account providers to do more to support those who want a bank account but don't have one, such as working with homeless charities to tailor their support to the needs of customers in vulnerable circumstances.
Service activity boosts eurozone private sector in August
The eurozone's private sector experienced its fastest growth in three months during August, driven by a stronger services sector, according to the latest Hamburg Commercial Bank (HCOB) eurozone composite purchasing managers’ index (PMI) on Wednesday.
UK business activity picks up at fastest pace since April
Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday.
Food spend drives retail sales growth in August, but consumers still cautious
Retail sales were higher than last year in August despite already strong comparatives in 2023, though growth was relatively subdued amid a "challenging" environment that's likely to last until the end of the year, according to a closely watched retail barometer released on Tuesday.
UK manufacturing sector grows at fastest pace in more than two years
UK manufacturing activity grew at its fastest pace in more than two years in August, according to a survey released on Monday.
China's manufacturing sector returns to growth in August - Caixin
Manufacturing activity in China returned to growth in August, according to a private survey released on Monday.