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IMF: Trump’s trade war is significantly harming world economic health

The International Monetary Fund (IMF) today said recent trade tariffs being enforced by US President Donald Trump risked seriously impacting global growth. IMF managing director Christine Lagarde said she will give a report on how the global economy has been impacted by the trade tariffs to G20 finance ministers and central bank governors at a meeting in Buenos Aires.
Money

London set for scorching weekend as temperatures soar to 30°C

If you're planning on spending your weekend basking in the sun then we've got good news, as scorching weather is set to heat London up. The met office said temperatures could reach as high as 30°C in London on Sunday while clouds will scatter on Saturday morning before the mercury rises to 29°C. Forecasts suggest we could have even hotter weather just round
Money

Mark Wahlberg has added a Chevrolet dealership to his many business ideas

Actor Mark Wahlberg has teamed up with a friend and business partner to open a car dealership in Ohio. With the help of Jay Feldman, who already owns eight Chevrolet dealerships in the US, Wahlberg is adding "car dealer" to his already lengthy business CV. “I am continuously looking for ways to innovate my brand and engage in businesses I am passionate about,” Wahlberg
Money

Brexit: Barnier kills customs plan – but opens door on backstop

Michel Barnier has effectively cut down Theresa May's hoped-for customs deal – but indicated there may be some wiggle room on the Irish backstop. Speaking after a lengthy discussion on the UK's Brexit white paper with ministers of the EU27, Brussels' chief negotiator refused to reject the proposal entirely, saying there were "some positives and negatives".
Money

Lloyds Banking Group customers hit by IT problems

Customers of Lloyds Banking Group have been struggling to move their money today after problems with the bank's faster payments system. The system is used to process telephone, mobile, internet and standing order payments. Read more: TSB customers hit by further mobile banking outages In a Twitter post the bank said: "We are currently experiencing difficulties with
Money

Donald Trump says he’ll invite Vladimir Putin to Washington this year

Donald Trump has said he will meet with Vladimir Putin again later this year, and has extended an invitation for the Russian President to visit the US. It follows a controversial meeting between the two men in Helsinki, which included a private discussion attended only by a translator. Trump caused backlash following the summit when he said that he did not see any reason
Money

Trump criticises Federal Reserve interest rate rises – dollar falls

US President Donald Trump said last night he was “not thrilled” about the idea of interest rate rises in the US, causing an immediate fall in the value of the dollar. Speaking to CNBC Trump broke with the convention that presidents do not criticise the policy of the Federal Reserve or directly comment on the dollar. “Im not thrilled,” he said. “Because we go up and every
Money

Watchdog raises concerns over Experian’s £275m ClearScore takeover

The competition watchdog has raised concerns over the proposed merger between the UK's two biggest credit score checkers. Experian announced its intention to acquire Clearscore in a £275m deal back in March, but the competition and markets authority (CMA) has said that the combination could lead to a lack of innovation and could even result in consumers paying more