BEIJING: China will remove business restrictions on foreign banks, brokerages and fund management firms, a cabinet meeting chaired by Premier Li Keqiang (pix) said on Wednesday, state television reported. But the move, which comes nearly 18 years after China joined the World Trade Organization (WTO), could have limited impact on the competitive landscape of an […]

Ben Pruchnie / Getty LONDON — Former Chancellor George Osborne had a secret plan to get rid of 1p and 2p coins, but was stopped by then-Prime Minister David Cameron who worried the move would harm the image of the Conservative party, according to The Guardian. Osborne reportedly came within weeks of scrapping coppers shortly after winning […]

Debt is a function and a fixture of any working economy. Governments borrow to fund spending on things like roads, hospitals, and schools, as well as to fund promises like tax cuts. Debt-to-GDP ratios around the world have increased in recent years as governments take advantage of historically low interest rates to pile up cheap […]

Barclays Ashok Vaswani, Barclays UK CEO. COPENHAGEN, Denmark — The CEO of Barclays UK says the bank is working “very, very closely with the government” to guard against cyber attacks, amid a recent ratcheting up of suspected state-sponsored attacks. Ashok Vaswani told Business Insider at the Money2020 Europe conference in Copenhagen this week: “For us, […]