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A longer-term economic impact comes from a shrinking labour force

US bank does have a bright spot in its services unit

The deals have enabled some teetering groups to hang on for a couple more years

England’s top football clubs constrained by financial rules and Saudi Arabia shows more restraint

Top football division clubs look to increase capacity by at least 14% over the next decade

Most top tier clubs voted to give executives go-ahead to finalise plans for spending limit in push to improve finances

The multibillion-pound auction starts as French and Italian leagues suffer setbacks

Market also hit by weakening demand for broadcast rights

Recent evidence suggests that even consumers with high disposable incomes are starting to feel the pinch

Value of ‘fine and rare’ single malts sold at auction falls 7%, tarnishing status as alternative haven asset