Ask you mother about downloadable movies and she’ll probably look at you as if you’ve been taking drugs. She’ll probably say something along the lines of “movies, we’ve been getting those for fifty years on the TV”. Obviously, mum just doesn’t get it – or does she? With the expected announcement from Apple, mid...
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The UK’s Office of National Statistics released its inflation figures this morning with noted increases in both the Consumer Prices Index (CPI) and in the older, but more inclusive Retail Prices Index (RPI). Figures for the CPI show that inflation accelerated to 2.5 percent in August, in the face of an expected levelling off...
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The latest news that energy and food prices are dropping rapidly in the UK will put pressure on the Bank of England’s monetary policy committee (MPC) to hold off any increase in rates the next time it meets. This is likely to push house prices further through the roof. Homebuyers desperate to get into...
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According to Australian industry forecaster BIS Shrapnel the Australian economy will peak this year and start a rapid decline in around two years. The local and global monetary policy tightening cycle is also expected to weigh on the Australian economy which could be headed for a downturn similar to that experienced in 2000-2001, the...
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Latest figures from the UK show that the housing market is defying all expectations and once again surging forward. At the same time over in the US property prices are slowing down in some sectors and going into reverse in others. The UK government Department for Communities and Local Government (DCLG) said prices rose...
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Oil continued its downward march falling below $66 a barrel this morning. Analyst and traders counted in a quicker than expected recovery of BP’s Prudhoe Bay oil field, which accounts for 400,000 barrels a day. Opec is meeting in Vienna today and is expected to keep production rates steady – at 28 million barrels...
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