Growth forecasts for global trade growth have been drastically reduced due to Trump’s trade wars

The World Trade Organization (WTO) lowered its global trade growth forecast due to Donald Trump’s trade wars. The WTO, based in Geneva, predicts a global merchandise trade volume of around 3.9 percent by 2019, compared to 4.4 percent in April. more Trump’s trade war with China will affect us all – that’s true Since then, Donald Trump, citing a nationalRead the rest of this page »


Ofgem bombarding large energy companies to deal with complaints, as the survey shows, barely 32% of customers are satisfied

Ofgem has asked the eleven of the largest UK energy companies to improve the handling of complaints from their customers. Less than a third of the interviewed Ofgems are satisfied with the result of the complaints, 57% are dissatisfied. Citizens Advice described the situation as “just not good enough”. Separate studies have shown that one-fifth of households on Thursday “areRead the rest of this page »


Goldman Sachs launches new online retail bank with 1.5% interest rate

Goldman Sachs opened its online Marcus bank to UK customers with a savings account offering a 1.5% interest. The proposed rate is approximately three times higher than the average rate of existing accounts offered to savers. The bank giant said the account was “transparent, secure and easy to use”. Launched in August for Goldman Sachs employees, it is now availableRead the rest of this page »


UK auto production down again as industry experts demand Brexit protection

UK auto production fell by 13% in August, according to the Association of Automobile Manufacturers and Distributors (SMMT), reiterating demand for Brexit negotiators to make protection of the sector a priority. The decline in production is due to a combination of model changes, planned plant closures and new emission standards, the SMMT said. The trade organization also pointed out thatRead the rest of this page »


The millennial generation earns much less than expected, according to official data

New studies show that many millennials are significantly less than expected when they were younger and did not follow the career they hoped for. In 2011/12, the Office of National Statistics found significant differences between the wage and employment aspirations of 16 to 21 years and the current level of success of older age groups. Half of 16-17 year oldsRead the rest of this page »


HSBC and TSB online banking as mobile applications collapse

Both TSB and HSBC mobile banking declined, forcing customers to lock their accounts. This is the second time this month that TSB customers do not have access to their online bank accounts. The bank’s chief executive, Paul Pester, resigned after the latest round of technical problems after a prolonged break in service earlier this year, which left nearly 1.9 millionRead the rest of this page »