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Added on the 16/12/2015 18:13:58 - Copyright : Reuters EN
British workers' pay grew at its fastest rate in nearly four years in the three months to April, putting the prospect of the Bank of England finally raising interest rates firmly back on the agenda for investors. As David Pollard reports, it wasn't the only piece of positive data from Europe.
In a bid to save their hard-earned money, millions of Americans have 'cut the cord' and switched to streaming services. But according to Business Insider, that might not be working out so well anymore. Hulu told its 36 million subscribers Monday that it's increasing the price for its live television bundle by $10 a month. Hulu + Live TV with ads will cost $64.99 per month--the same as YouTube TV. Hulu's service without ads will cost $70.99 a month starting December 18. The hike has generated backlash among customers, who expressed frustration that their decision to cut the cord was becoming more and more expensive.
The U.S. economy's readiness - or not - for an interest rate rise is likely to once again take the global economic spotlight in the coming week, just a month before the U.S. presidential election. And many will also be watching the British pound - which took a pasting last week. Ciara Lee reports.
British economic growth got back on track in the second quarter of 2015, after a pick-up in the country's dominant services sector. As Ciara Lee reports one of the biggest surges in oil and gas production in a generation also helped.
Federal Open Market Committee (FOMC) members have more than doubled the median projection for economic growth this year to 2.1 percent, says Jerome Powell, the US Federal Reserve Chairman. SOUNDBITE
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