• 18 October 2018 Image copyright Getty Images Image caption The latest raft of trade tariffs imposed by the US and China have come into effect The United States has refrained from labelling China a "currency manipulator" in a move which may help defuse escalating tension over trade between the two countries.President Donald Trump has previously accused China of keeping its currency weak to make...

  • 18 October 2018 comments Image copyright John Lewis Image caption Is personalised shopping the future of retail? John Lewis is trying to tempt shoppers to its new Cheltenham store by offering them a chance to have the shop to themselves if they spend £10,000.The private shopping experience is one of several experiences the department store chain is offering in a bid to revive its flagging...

  • 18 October 2018 Image copyright Getty Images Low-cost airline Cobalt has cancelled all flights from midnight Wednesday according to a statement on its website.The carrier, which has operated flights in and out of Cyprus since 2016 - including flying UK holiday-makers to the island - has suspended operations.Local media said Cobalt had failed to reach a deal with a potential new investor.The...

  • 18 October 2018 comments Related TopicsBrexit Media playback is unsupported on your device Media captionTheresa May is asked who will be "disappointed" by the outcome of Brexit talksThe EU says it is ready to extend the proposed length of the post-Brexit transition period if the UK wants.The current plan is for a transition period of 21 months to smooth the path from Brexit to the UK and EU's...

  • 18 October 2018 Image copyright Getty Images Food sales saw their steepest drop in three years in September as consumers tightened their belts after the unusually hot summer, the Office for National Statistics (ONS) has said. Sales of food were down 1.5% in the month, contributing to a 0.8% fall in total UK retail sales.The ONS said sales continued to grow in the quarter to September, boosted by...

  • By Sarah Jenkins and Kevin Peachey BBC News 18 October 2018 Image copyright Getty Images Image caption The Department for Work and Pensions says it will contact anyone who is due a backdated payment Questions have been raised from benefits claimants after the government revealed that 180,000 people are entitled to back-payments following years of errors.Calculation mistakes were made during the...

  • By Kevin Peachey Personal finance reporter 18 October 2018 Image copyright Angelene Bungay Image caption Angelene Bungay lost £13,000 after transferring it to someone she thought was her builder The name of someone receiving a payment will be as important as their banking details for the first time from next summer, in an attempt to combat fraud.At present, anyone wanting to transfer money...

  • By Joshua Cheetham Business reporter, BBC News 18 October 2018 Related TopicsJamal Khashoggi disappearance Image copyright Getty Images Image caption Attendees gathered for the first Future Investment Initiative conference in 2017 Major companies, including Pepsi and EDF, still plan to attend a conference in Saudi Arabia next week despite pressure for a boycott. But more than 30 delegates have...

  • 18 October 2018 Image copyright Amazon Image caption Amazon is working on its Prime Air delivery service in Cambridge Amazon has revealed plans to create more than 1,000 jobs in the UK in Manchester, Edinburgh and Cambridge.At least 600 "highly skilled" roles will be added in Manchester working on software, machine learning and AWS, its cloud computing business.The company will also create 250...

  • "Stocks will rally sharply under Trump's election win on hopes of not just corporate tax cuts, but also deregulation and government spending. He also promises a simplified tax system with tax cuts across the board. In my view bank equities will soar as Trump will implement deregulation of the financial sector and its my belief he will abolish the Dodd Frank law and Volker rule. I believe from the...

  • Google unshackles Android-device firms By Leo Kelion Technology desk editor 17 October 2018 Image copyright Getty Images/Google Image caption Google is giving device-makers more freedom over their use of its apps and services Google is dropping restrictions it imposed on Android-device-makers, following a clash with the EU.It is ending a ban on manufacturers having a line-up that includes...

  • The trouble started when the interest rates started rising and home ownership reached a saturation point. From June 30, 2004, onward, the Fed started raising rates so much that by June 2006, the Federal funds rate had reached 5.25% states Alan Green, senior analyst at Molton Wealth believes interest rates will plummet to below 1% in the next two years. There were early signs of distress already...

  • 17 October 2018 comments Image copyright Getty Images Flybe shares have fallen more than a third after issuing a profit warning, blaming poor demand, a weaker pound and higher fuel costs.The airline said in a trading update it now expects a full-year pre-tax loss of £22m before - far higher than analysts had expected.It has taken a £29m hit from weak sterling and a rise in fuel...

  • 17 October 2018 Image copyright Getty Images The UK inflation rate fell more than expected in September after hitting a six-month high in August.The Office for National Statistics said the fall to 2.4%, down from 2.7%, was largely driven by lower prices for food and non-alcoholic drinks.The Consumer Prices Index figure surprised economists who had been expecting inflation to fall to 2.6%.The...

  • 17 October 2018 comments Image copyright Asos Soaring sales of animal print clothing helped Asos post a £500m rise in sales last year. The online fashion retailer sold 1.3 million animal print garments across both menswear and womenswear, offering 2,000 options during the period. The firm reported revenue of £2.4bn for the year to 31 August, with profits jumping 28% to a better than...

  • The increase in wage growth is a positive sign, and with the number of people without job per job vacancy also falling in recent months, economic theory would suggest that pressures on wages in future will be upwards. However recent history has showed that reality can challenge economic models says Nick Henderson, senior broker at Global Fidelity Fund. A model of job creation in less productive...

  • 17 October 2018 Image copyright Getty Images Image caption Parts of Nottingham are popular among house-hunters House prices are rising the fastest in the East Midlands, increasing by 6.5% in the year to August, according to official statistics.Wales also showed a significant rise - up by 6.2% over the same period, according to the Office for National Statistics (ONS).However, a "sustained...

  • 17 October 2018 Image copyright Getty Images Image caption The US says the system for global postage charges puts the US at a disadvantage The US has announced plans to withdraw from a 144-year-old postal treaty, which the White House says lets China ship goods at unfairly low prices.The United Nations treaty sets lower international rates for packages from certain countries, a move originally...

  • 17 October 2018 Related TopicsBrexit Image copyright PA Britain's farmers should no longer get "privileged" access to low-skilled, low-paid workers from the EU after Brexit, says a top government adviser.Alan Manning, who chairs the Migration Advisory Committee, said fruit and vegetable growers would probably "go backwards".But it would not be the "end of the earth" for the UK economy as a...

  • Benefits errors trigger £5,000 refunds for ESA claimants 17 October 2018 Image copyright Getty Images Tens of thousands of people on sickness benefits will receive backdated payments averaging £5,000 following government errors.The Department for Work and Pensions (DWP) has revealed it is paying more than £1.5bn due to the mistakes.Some people have already received payouts of...