UK interest rates aren’t about to rise as real pay slides | Larry Elliott

The City has been getting mightily excited in recent weeks at the prospect of the Bank of England raising interest rates next month. Sorry to disappoint, but it’s not going to happen. In truth, it was never going to happen. The Old Lady has been showing a bit of...

OPEC’s oil output jumps again in June as the group struggles to end the crude glut

OPEC’s oil production rose again in June, driven by increases in Libya and Nigeria and as top exporter Saudi Arabia reported it pumped more than it agreed to last year. The producer group’s total output jumped by about 393,500 barrels a day to a total of...