UK manufacturing output falls and trade deficit widens

The pound has fallen after disappointing manufacturing, trade and construction data suggested the UK economy is failing to gain momentum.Output in both the manufacturing and construction sectors fell in May, according to the Office for National Statistics (ONS).Separate data from the ONS showed that the UK’s trade deficit widened …

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South Africa's booming private security industry

High walls topped with razor wire, armed patrols in pick-up trucks and signs deterring would-be criminals from targeting properties are commonplace in South Africa. Per capita, the country’s private security industry is the fourth largest in the world and South Africans spend more than $4bn (£3bn) a year protecting …

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Factory output slip adds to rate hike doubts

There are further signs economic growth is proving weaker than anticipated, especially in the sector that was tipped to help offset the slowdown in consumer spending. Figures from the Office for National Statistics (ONS) covering trade, manufacturing and construction in May all came in below expectations. The data prompted …

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David Davis to face business leaders over Brexit

David Davis is to face business leaders at his country retreat on Friday amid growing pressure to delay Britain’s departure from the single market. Chief executives from Britain’s biggest firms have been invited to meet the Brexit secretary at Chevening, the grace and favour residence he shares with other …

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Elon Musk to build world's largest battery

Tesla, the electric car business owned by billionaire Elon Musk, is set to build the world’s largest ever lithium-ion battery. Ever the entrepreneur, Mr Musk and Lyndon Rive, the head of Tesla’s battery division, proposed building an energy storage facility in South Australia following total blackouts across the state …

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