China currency falls for second day
Craig TaylorChina’s commerce ministry says a lower yuan will help exports, as the Central Bank cuts the currency’s rate against the dollar for a second day. BBC News – Business
Business
Google creates Alphabet company
Google unveils a surprise restructuring, creating a new parent company called Alphabet Inc. BBC News – Business
Carphone Warehouse breach probed
The data watchdog is “making inquiries” after mobile firm Carphone Warehouse said details of up to 2.4 million customers may have been accessed. BBC News – Business
US economy adds 215,000 jobs in July
The US economy added 215,000 jobs in July, while the unemployment rate held at a seven-year-low of 5.3%, official figures show. BBC News – Business
Bank votes 8-1 to keep rates on hold
UK interest rates are held at 0.5% again by the Bank of England’s Monetary Policy Committee, but with the panel split 8-1. BBC News – Business
Global economic growth ‘to slow’
The NIESR think tank predicts global economic growth will slow this year to the lowest rate since the financial crisis. BBC News – Business