Trump claims trade war is working as China’s growth hits 27-year low – business live

Rolling coverage of the latest economic and financial news, including reaction to the latest Chinese GDP reportLatest: Alan Turing to feature on new £50Introduction: China’s growth rate drops to 6.2%Lowest levels since records began in 1992But industri…

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Mark Carney positions himself as contender for IMF top job

Bank of England governor refuses to rule out succeeding Christine LagardeMark Carney has positioned himself as a contender to be the next head of the International Monetary Fund after refusing to rule out joining the race to take over from Christine La…

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Bank of England warns no-deal Brexit could trigger economic shock

Governor says EU firms might also face lending crisis by being cut off from banks in LondonThe Bank of England has warned that a no-deal Brexit could trigger a material shock to the UK economy while causing widespread disruption for EU companies by cut…

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Trade wars could shipwreck global economy, warns Mark Carney

Bank of England boss says Donald Trump’s widening trade spats and Brexit uncertainty are denting growthTrade tensions triggered by Donald Trump’s tariff policies could “shipwreck” the global economy and are having a chilling effect on growth, the gover…

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Financial regulation is costly and complex – time for a big tech solution

Cryptocurrencies, new payment systems and digital banking all signal a financial revolution that needs better oversightBanking supervision teams at the Bank of England “now receive the equivalent of twice the entire works of Shakespeare of reading each…

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