Economics

The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast.

Tesco chief executive Philip Clarke has made a shock departure from the struggling retailer after it issued another profit warning.

Global shares and US treasury yields fell on Thursday and Friday while gold soared as investors sought safety following a passenger jet crash in Ukraine.

Bank of England Governor Mark Carney has admitted the Mansion House speech he gave last month was deliberately designed to 'shake up the markets'.

UK consumer price inflation has moved sharply higher in June, a surprise jump which may strengthen the case for an earlier-than-expected base rate rise.

Scotland: Home of the extremely brave?

The head of the Bank for International Settlements (BIS) has warned the global financial system is at risk of a second crisis, which could be worse this time around due to higher borrowing in both developed and emerging markets.

Business Secretary Vince Cable has bowed to mounting pressure for an inquiry into the privatisation of the Royal Mail, ahead of a critical report due on Friday.

The Bank of England's new deputy governor, Minouche Shafik, has hinted to MPs that interest rates could be about to go up, the FT reports.

The US Federal Reserve has said it will end its purchases of government bonds in October, bringing to a close the quantitative easing experiment.