Why is productivity so low since the crisis – particularly in the UK? | Howard Davies

In all major economies, the so-called productivity puzzle continues to perplex economists and policymakers: output per hour is significantly lower than it would have been had the pre-2008 growth trend continued. The figures are stark, particularly so in the UK, but...

Uber board member Bill Gurley says outgoing CEO Travis Kalanick will have a ‘lasting impact’ on world

Uber board member and investor Bill Gurley said Travis Kalanick, the chief executive of the ride-hailing service who resigned on Tuesday, would have a “lasting impact on the world”, giving praise to the entrepreneur who has courted controversy. According...

Oil price slide weighs on markets ahead of UK public finances – business live

3.30am EDT03:30 European stock markets are falling in early trading, as oil’s drop worries investors. The FTSE 100 has shed 22 points, or 0.3%. BP and Royal Dutch Shell are among the big fallers, down over 1% each. European stock markets this morning Photograph:...