International Monetary Fund Managing Director Christine Lagarde said the global expansion outlook is worse than the lender anticipated less than two months ago, with advanced and Asian economies growing more slowly than expected.
The Government has said it will fine retailers who fail to pay their employees the new National Living Wage when it comes into force next April.
The UK Cards Association has announced the limit for a single payment will go up to �30 from �20 in a bid to broaden the appeal of tap-and-go technology.
Stocks plummeted at the opening bell on Wall Street on Tuesday after more data in China pointed to a sharp slowdown in the world's No.
Eurozone unemployment has fallen to its lowest level in three years, hitting 10.9 per cent in July amid encouraging data from countries such as Italy that have been hardest hit by the region's economic crisis.