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No-deal Brexit could be as bad as 2008 financial crash, Carney says

The governor of the Bank of England has warned the cabinet that the impact of a no-deal Brexit could be catastrophic as the financial crisis that crippled the UK economy a decade ago.

Turkey raises interest rates to 24% in new bid to boost lira

The lira has risen against the dollar after Turkey’s central bank hiked interest rates to 24% in the bank’s latest attempt to stem the currency’s collapse.

FTSE tracks Europe higher on trade hopes; Shire shines

Britain’s top share index tracked higher European markets on Friday with the mood buoyed by easing trade worries.

‘Nobody wins from a global trade war’ a top European industrialist warns

Jim Hagemann Snabe has said that trade tensions could negatively affect global growth and that would cause a ripple effect on the economy, particularly in developing countries.

Small insurers failing to step up IFRS 17 preparations

Just one in ten insurers with less than $1bn in premiums worldwide have started the design or implementation phase for incoming accounting standard IFRS 17, according to a report from KPMG.

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