Justin King, the former chief executive of Sainsbury’s, says the National Living Wage will “destroy jobs”.
Chinese shares have ended the week almost 8% lower after volatile trading that started on Monday with shock losses and spread fear to global markets.
HSBC says it has processed “99%” of payments affected by an IT glitch, with the remainder due to be completed overnight.
Global investors and the bankers at Jackson Hole might not want to admit it, but China is no longer a powerhouse for global growth
The China slowdown is real and central banks pumping up stock markets with cash and confidence is not going to reverse that situation.
At some point, investors from Shanghai to New York, via London, will need to recognise that China is no longer a powerhouse for global growth.
Related: How China’s economic slowdown could weigh on the rest of the world
The Crown Prosecution Service is considering a file for a possible corporate prosecution over phone hacking at the now closed News of the World.
The founder and chief executive of the Ashley Madison extra-marital affair website, Noel Biderman, steps down following data hack.
Navinder Sarao, the so-called “flash crash” day trader, fails in his bid to postpone his US extradition hearing.
Brazil enters recession, as official figures show the country’s economy contracted by 1.9% between April and June, compared with the previous three months.
The number of adults taking out Individual Savings Accounts (Isa) has fallen to its lowest level for ten years, according to official figures