Crossrail delay and £2.8bn overspend 'lets taxpayers down' - MPs

MPs have launched a blistering attack on the Department for Transport (DfT) and Transport for London (TfL), as ballooning costs and long delays continue to plague Crossrail. The public accounts committee said the rail project is "letting taxpayers down" as completion of the line across London

Turkey central bank seen making deeper rate cut on July 25 - Reuters poll

The Turkish central bank is expected to cut its key interest rate by 250 bps from its current 24% on July 25, a Reuters poll showed on Friday, with dovish comments from the new governor encouraging expectations of a significant reduction. President Tayyip Erdogan sacked Central Bank Governor Murat Cetinkaya

Gold price hits six-year high as investors await US interest rate cut

Investors tend to buy gold, which has relatively little practical value and yields no income, in times of geopolitical uncertainty. Photograph: HO/ReutersGold prices have hit their highest levels in six years as investors brace for an interest rate cut by the US Federal Reserve and seek a safe haven

BlackRock second-quarter profit falls 6.5%

Shares of ad giant Publicis plunge after cut to revenue guidance

Shares in French advertising conglomerate Publicis slumped after the group cut its 2019 revenue growth guidance. On Friday, the company reported lower-than-expected revenue for the second-quarter of 2019. Shares of Publicis plunged 8.5% to their lowest level since December 2012.

Iran rejects Trump's claim that the US Navy destroyed one of its drones

The country's Revolutionary Guards say they will soon release

UK budget deficit swells as June borrowing hits four-year high

The public sector borrowed £7.2 billion in June - £3.8 billion more than June last year.

Google to plug loophole in Chrome’s Incognito mode

The tech giant says it will roll out a remedy by the end of July.

Big brands like K-Swiss and Nike are jumping on the esports bandwagon

Experts estimate that the global esports audience will reach 453.8 million people this year, generating $1.1 billion in revenue.

Commuters on London's world famous underground to get 4G services next year

Hundreds of miles of cabling have been installed on the network in preparation.

VertoFX raises $2M for its African and EM currency trading platform

VertoFX, an Africa and emerging markets focused currency trading and paymentstartup, has raised a $2

Britain's two biggest broadcasters are teaming up on a Netflix rival

A subscription to BritBox will cost just £5.99, and will let people watch TV shows across multiple screens and devices.

BBC and ITV unveil details of BritBox streaming service that will rival Netflix

The BBC and ITV have unveiled plans to make their Britbox streaming service available to UK viewers for £5.99 per month.

US warship destroys Iranian drone in Strait of Hormuz

President Donald Trump has said a US warship destroyed an Iranian drone in the Strait of Hormuz after it ignored warnings to back off. The president called it a "provocative and hostile" action by Iran. "The ship took defensive action against the UAS to ensure the safety of the ship

Syngenta CFO says it faces no glyphosate lawsuits

Chinese-owned agricultural chemical maker Syngenta has not been named in litigation involving weed-killer ingredient glyphosate that has hit German rival Bayer , the Swiss-based company's chief financial officer, Mark Patrick, said on Friday. "To date, Syngenta has not been named in any of

Property bosses rage against Sadiq Khan's London rent cap plan

Mayor Sadiq Khan on Friday called for rent controls to be imposed on London landlords to protect tenants, but his plans triggered fury from property bosses who warned investors would be driven away from building new homes.The industry reacted with shock to Khan calling on the Government for extra powers

Mortgage price war set to put Santander profits under pressure

The Spanish-owned lender saw first quarter profits fall 35% amid competition in the mortgage market.

Outgoing RBS boss Ross McEwan to lead National Australia Bank

The 62-year-old will be expected to work his magic turning around another scandal-hit bank.