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The Financial Times
Consultation launched to limit charges to groups when customers pay
The government is planning to tackle “unfair” credit and debit card fees charged by British banks, in a move that could save businesses up to £480m a year and reduce prices for customers.
Order books at British manufacturers have shrunk to their lowest level in two years in July, with companies blaming the strength of sterling for the pinch
Workers are spending longer in the same job, creating a “promotion blockage” that risks permanently reducing the earnings of a generation of young people, according to analysis.
Since the start of the year investors have wondered whether any of the largest central banks will finally begin to break with the ultra-low interest rates that have dominated monetary policy since the financial crisis.
Companies and Markets
Record US fine comes amid scare over Jeep hacking and airbag faults on trucks
Ferrari’s win in the Formula One Grand Prix on Sunday was the one bright spot in an otherwise grim weekend for Fiat Chrysler Automobiles.
Hours after Sebastian Vettel took the chequered flag in Hungary, the US National Highway Traffic Safety Administration slapped a record fine on the Italian-American carmaker— owner of the supercar brand and F1 racing team— for what the regulator called a “pattern of poor performance” in recalling and repairing defective vehicles.
Oil fell to its lowest level in four months yesterday as turbulence in Chinese equity markets raised concern about growth in the world’s top importer of crude and refined products
The Daily Telegraph
Supermarkets have cut the price of diesel for the second time in a week
New Brussels edict sets back dozens of schemes
Private money would pay all upfront building costs