Is Britain's economy sliding into recession? The short answer is that no one knows. Uncertainty, however, is no excuse for ducking important decisions and the Bank of England must decide what to do about Brexit next week.
LONDON British retailers suffered their sharpest fall in sales in four years after last month's vote to leave the European Union, raising doubts about the ability of consumers to stave off a Brexit recession.
The Federal Reserve held open the prospect of a second increase in interest rates later this year as it said that near-term risks to the US economy had diminished and the job market recovery had regained momentum.
A legally-binding contract committing UK consumers to subsidise Britain's first new nuclear plant in a generation is expected to be signed on Friday, after the board of EDF meets to approve the �18bn project on Thursday.
LONDON— Standard Chartered STAN 1.04 % PLC tapped International Monetary Fund official Jos� Vi�als to be its next chairman, after searching for more than a year to replace the departing John Peace.