The U.K. economy's “lukewarm” growth will continue for some time and may even weaken in coming years, according to the Confederation of British Industry. In its latest outlook, the CBI sees expansion of 1.5 percent next year and 1.3 percent in 2019, which would be the worst annual performance since
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January 1, 2018, is set to be a big day in accounting circles. As the new year dawns, IFRS 9 becomes the new accounting standard for financial instruments, replacing the current IAS 39 regulations. With the new standards come substantial changes to the way that derivative instruments and hedging
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Facebook Inc. is to hire 800 new staff in London, expanding its U.K. headquarters despite coming under increasing scrutiny from the country's lawmakers. The new hires — predominately in engineering roles and to be recruited over the next year — will bring the number of staff working for Facebook in the
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Prime Minister Justin Trudeau is visiting China in an effort to boost Canadian trade ties, opening a door his predecessor largely kept shut as a standoff
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Mori Building Co. has started work on a luxury residential development in Tokyo that will include units priced from 1 billion yen ($9 million), betting there is untapped demand for the most upscale apartments in the city. Japan's biggest privately owned developer is constructing three buildings at a cost of
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