Carney vows action on buy-to-let market
Craig TaylorThe Bank of England again expresses concerns about the UK’s buy-to-let property market. BBC News – Business
Business
National Living Wage ‘to cost £1bn’
Businesses face more than £1bn in costs from the launch of the National Living Wage next year, according to government advisors. BBC News – Business
Chinese tycoon detained by police
One of China’s richest men, Guo Guangchang, described as the country’s equivalent of Warren Buffett, has been detained by police. BBC News – Business
Stock markets sink as oil keeps sliding
Stock markets on both sides of the Atlantic fell on Friday and oil sank further as fears about global oversupply mounted. BBC News – Business
Volkswagen admits ‘chain of errors’
The chairman of embattled carmaker Volkswagen says a chain of errors led to the emissions scandal and that its top priority is winning back trust. BBC News – Business
Alistair Darling joins Morgan Stanley
Morgan Stanley announced Tuesday former Chancellor Alistair Darling will join the bank’s board of directors. BBC News – Business