Vincenzo Florio

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Bank of England holds interest rates at record low

First announcement from the Bank under the new Conservative government leaves interest rates at 0.5%. All eyes now on Mark Carney’s appearance on Wednesday<p>The Bank of England has left interest rates on hold at their record low, as widely expected, and financial markets are now looking to Governor …

VW boss voted to remain despite leadership clash

<b>The chief executive of Volkswagen, Martin Winterkorn, has won the backing of the company's top bosses, following a clash with the chairman.</b><p>The six-member executive committee of the German carmaker's supervisory board praised Mr Winterkorn's "vigour and success" and proposed extending his …

UK manufacturing growth picks up

<b>The UK manufacturing sector expanded at a faster pace in January following a modest recovery in export orders, a closely-watched survey has indicated.</b><p>The latest Markit/CIPS Purchasing Managers' Index (PMI) rose to 53 from 52.7 in December. A figure above 50 indicates growth.<p>Cheaper oil led to a …

3Doodler 2.0 printing pen makes drawing in air a reality

Photograph: 3Doodler<p>The brand new 3Doodler pen, which is expected to ship in April 2015.<p>276<p>http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2015/1/6/1420541707021/9d503552-a291-4fd4-a0ca-4e679cdf071f-460x276.jpeg<p>460<p>Photograph: 3Doodler<p>The brand new 3Doodler pen, which is expected to ship …

'Strong case' for abandoning inflation measure

<b>There is a strong case for abandoning the Consumer Prices Index (CPI) as the headline measure of inflation, according to Institute for Fiscal Studies head Paul Johnson.</b><p>He was commissioned to review the measures of inflation for the UK Statistics Authority (UKSA).<p>Mr Johnson suggests replacing CPI …

UK interest rates held at 0.5% by Bank of England

<b>UK interest rates have been held at a record low of 0.5% for another month by the Bank of England.</b><p>The Bank also kept the size of its bond-buying stimulus programme unchanged at £375bn.<p>Low inflation, caused in part by falling oil prices, and concerns about economic recovery mean many economists see …

CES 2015: Samsung predict 'next big thing'

They make TVs, fridge freezers and washing machines, but it is the sales of smartphones which have been causing the bosses of Samsung to have some sleepless nights.<p>The South Korean tech giant's mobile division, its biggest business, has been struggling to maintain its dominance.<p>The BBC's Rory …

German exports and production fall in November

<b>German exports and production fell in November compared with the previous month.</b><p>Exports fell 2.1% compared with October, German's Federal Statistical Office reported, while imports rose 1.5%.<p>Meanwhile, factory production fell by 0.1% from October as energy production fell and construction activity …

Euro sinks to fresh nine-year low

<b>The euro has hit a fresh nine-year low against the dollar, in part after a surprise decrease in German manufacturing.</b><p>German factory orders fell by 2.4% in November compared with the previous month, worse than expected.<p>The euro dropped below $1.176, before recovering slightly.<p>Analysts said increased …

Honda fined $70m by US for failure to report deaths

<b>Japanese carmaker Honda has been fined a record $70m (£46.4m) by US regulators for failing to report deaths and injuries to authorities.</b><p>It is the largest civil penalty to date levied against a carmaker by the US government.<p>In November, Honda admitted that it did not report 1,729 cases involving …

UK trade deficit narrows after oil price falls

<b>The falling price of oil helped to narrow the UK's trade gap with the rest of the world in November to its lowest since June 2013, official figures show.</b><p>The Office for National Statistics (ONS) said the UK's deficit in goods and services was £1.4bn in November, compared with £2.2bn in October.<p>But …

Degree apprenticeships launched to boost hi-tech skills

<b>Young people will be able to gain a full honours degree while earning a wage and paying no fees, under a scheme backed by government and industry.</b><p>The new Degree Apprenticeship qualifications will be taught in England from next September, starting in the digital and software field.<p>The government …

UK manufacturing beats expectations

Manufacturing output increased by 0.4% over September, according to Office for National Statistics<p>Manufacturing is adding more to the economy, and …

UK manufacturing growth at three-month high

<b>UK manufacturing activity grew at its fastest pace for three months in October, despite a sharp fall in export orders, a survey has indicated.</b><p>The Markit UK manufacturing Purchasing Managers' Index (PMI) rose to 53.2 in October from 51.5 in September. A figure above 50 indicates growth.<p>Despite the …

Rolls-Royce to cut 2,600 jobs

<b>Engineering group Rolls-Royce has said it is planning to cut 2,600 jobs over the next 18 months.</b><p>It said most of the jobs would go in its aerospace division, with most of the posts being shed in 2015.<p>It is not clear where the cuts will be made from Rolls-Royce's global workforce of 55,000, 24,000 of …

UK Manufacturing PMI Climbed To A 3-Month High

The UK's manufacturing PMI is out for October, and at 53.2 it's the highest in three months. The PMI is a survey of manufacturing executives that asks them whether business is looking good or bad. The scale is 0-100, and a 50 rating is neutral, meaning an equal balance between those with positive …