Nomathamsanqa Sithole

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China's economic growth stable at 6.7% in third quarter

China’s economy is slowly stabilising according to the latest government statistics.<p>Gross domestic product rose by 6.7 percent between July and September, putting it on track to meet its official growth range of 6.5 to 7 percent.<p>However that growth is increasingly dependent on higher government …

The current account deficit and what it means for Brexit Britain | Reuters

LONDON (Reuters) - Britain has long relied on foreigners to fund a big deficit in its balance of payments, a risk that has been heightened by the country’s decision to leave the European Union.<p>A general view shows the city of London, Britain June 28, 2016. REUTERS/Neil Hall/File Photo<p>Investors have …

Suez Canal

Saudi Arabia borrows $17.5 billion from global investors

Saudi Arabia has just taken on a huge chunk of foreign debt.<p>For the first time in its history, the world's biggest oil exporting country sold bonds to global investors. It raised $17.5 billion Wednesday, according to two sources familiar with the matter.<p>The bonds are due to be repaid in 5, 10 and …

Oil

Taxpayer faces huge bill after Ingenious Media wins case against HMRC

The taxpayer is facing a multimillion-pound legal bill after a supreme court judge found against HM Revenue and Customs in a four-year battle with the financial adviser Ingenious Media, a promoter of controversial film investment schemes.<p>HMRC was on Wednesday found to have breached its duty of …

Judiciary

UK employment at record high but wage growth slows

The employment rate in the UK is at a record high, despite concerns over Britain's forthcoming exit from the European Union, as the number of people in work continues to increase.<p>There were 31.81 million people in work between June and August this year. That's 106,000 more than in the previous …

Economics