Business

Oil price slide and sanctions ‘cost Russia $140bn’

BBC News : The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by $40bn, its finance minister has said. Anton Siluanov made the comments on Monday at an international financial and economic forum. Reports on Monday suggested Russia could cut its oil production by about 300,000 barrels a day in ...

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German business confidence falls again, Ifo says

BBC News : German business confidence has fallen to its lowest level in almost two years, a survey suggests, raising concerns about the strength of Europe’s largest economy. The Ifo think tank’s closely-watched Business Climate Index fell to 103.2 in October, down from 104.7 in the previous month. “The outlook for the German economy deteriorated once again,” Ifo said. The ...

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Global business confidence at five-year low

BBC News : Global business confidence slipped to five-year low in October, according to a survey of 6,100 companies. The number of firms that expect business activity to be higher in the year ahead exceeded those that expected a decline by about 28%. But, that net balance was lower than 39% in June and the lowest since the Markit Global ...

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Internet data plan back on political agenda

BBC News : A law forcing firms to hand details to police identifying who was using a computer or mobile phone at a given time is to be outlined by Theresa May. The home secretary said the measure would improve national security. As part of the Counter-Terrorism and Security Bill, providers would have to retain data linking devices to users. ...

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