How tempting are student bank account freebies?
First interest rate move in nine years expected next month
The end of the commodity boom is exacting a big price in Latin America
The Federal Reserve looks likely to decide that the time is right for a rate rise, almost seven years to the day since Lehman Brothers’ collapse
The symbolism would be perfect. When the Federal Reserve announces its decision on US interest rates on 17 September it will be almost seven years to the day since Lehman Brothers went bust. That was the moment when the financial crisis went nuclear, ushering in the era of ultra-low interest rates.
That era now looks to be coming to an end. The latest set of US unemployment figures were unspectacular, and would have been seen as modest in previous economic cycles. The increase in non-farm payrolls was 10,000 smaller than Wall Street had been expecting.
Related: Unemployment rate remains steady at 5.3% as US economy adds 215,000 jobs
The FTSE 100 edges lower, and shares in ITV fall following the sell-off in US media stocks in the past couple of days.
Inflation in Brazil hits a 12-year high of 9.56%, largely because of rising electricity prices, official figures show.
The UK trade deficit in goods and services almost doubled in June to £1.6bn, from £885m the previous month, the Office for National Statistics says.
Tata Motors sees quarterly profits almost halve due to weak sales of Jaguar Land Rover in China.
In Africa an unlikely industry is becoming more popular – skiing. The BBC’s Roderick Macleod went to Tiffindell Ski Resort in South Africa to see for himself.