The UK government is considering having the public finances formally assessed only once a year following a suggestion from the International Monetary Fund (IMF).The global economic watchdog said the...

Production has ended at a Lincolnshire oil refinery, the government has confirmed. Lindsey Oil Refinery, near Immingham, was taken over by the Official Receiver in June after its owner...

Getty ImagesThe future of River Island is in the balance ahead of a crucial court ruling on the fashion chain's restructuring plans.The British chain - which once collaborated with...

The US Federal Reserve has held interest rates steady for the fifth-straight time, despite pressure from President Donald Trump to lower them. Chairman Jerome Powell announced the unchanged rates...

Watch: Trump defends firing of Bureau of Labor Statistics head over "wrong" numbersUS President Donald Trump said he would fire the head of the agency charged with publishing some...

Adidas has warned that US tariffs will cost the German sportswear giant a further €200m (£173m) and confirmed that it will raise prices for American customers. Nearly half of...

BBCPrices in the UK rose by 3.6% in the 12 months to June, driven by increases in the cost of food and fuel. It means inflation remains above the...

Chris BaraniukTechnology ReporterInventWoodInventwood's timber is treated to become super-strongCould your house take a bullet for you?Clad it with a new type of modified wood, and it might, says Alex...

Mitchell Labiak and Simon BrowningBBC NewsGetty ImagesAn outage in the UK's air traffic control system caused chaos at airports in the UK and beyond on Wednesday.The fault lasted a...

Kevin PeacheyCost of living correspondentBBCThe Bank of England is widely expected to cut interest rates when it meets on 7 August. It held rates at 4.25% at the last...

President Donald Trump says the US will charge a 15% tariff on imports from South Korea as part of an agreement with the Asian trading partner that avoids even...

Taylor Wimpey's profits have been wiped out by higher-than-expected costs to remove cladding from its buildings in response to the Grenfell fire tragedy. The company made a loss in...