Ethiopia is experiencing a property and infrastructure boom, as Roderick Macleod reports from Addis Ababa.
Treasury officials concerned as figures disappoint despite buoyant economy
James Dyson tells the BBC it’s important to keep engineers in Britain to produce hi-tech exports, as he announces a £1bn investment in research and development.
Taxpayers will have longer to appeal before HM Revenue and Customs can raid their bank accounts for unpaid taxes, under revised plans released by the Treasury.
Malaysia plans to end petrol and diesel subsidies from December in an attempt to save billions of dollars and reduce its fiscal deficit.
The state of the public finances means that the chancellor is not in any position to make pre-election giveaways at the autumn statement next month, writes Larry Elliott
Senior government ministers have been making it clear for weeks that the autumn statement on 3 December is going to be a frugal affair. The message has gone out to voters that they should not expect the giveaways customary for this stage of the electoral cycle. The state of the public finances explains why that is. After seven months of the 2014-15 financial year, borrowing is more than 6% higher than it was in the same period of 2013-14, despite being slightly lower this October than last.
Whoops! Things are not going quite as scripted. At the time of the budget, George Osborne was expecting the deficit to decline by 12% this year, to a little over
Many years ago, I had a 1983 MB 380 SEC. It was the coupé version of the W126 S-Class — it was a giant rear drive 2 door version of the S class, chock full of technological advance of the day, including a seat belt presenter (really). At highway speed, it would lower itself. It wasn’t fast off the line, but it was an autobahn cruiser. I drove it to Virginia and back several times and it would lope — at 90mph, it was practically idling, running at 2200 rpm. (I never pressed it to see what the top end was). I was rear ended in it by a Volvo, whose front end was destroyed; The big Benz never got so much as a scratch on it. It was solid as a bank vault.
The new most up to date version of the S coupe is out, and the it is Twin-Turbo 4.7L V8, 449 HP / 516 LB-FT, 7-Speed Auto, All-Wheel Drive S550 4MATIC Coupe was just named Automobile Magazine‘s Design of the Year. My current lease (Infiniti M) is up in March 2016, and this would make a lovely replacement (if I could get Mrs. Big Picture to say yes to it!):
Offshore centre brushes off UK entreaty for ‘new standard’ of transparency
China’s salt monopoly, in place since 7th century BC, set to be dismantled