Mark Carney: Now is not yet the time to raise interest rates

Bank of England Governor Mark Carney said on 19 January that he did not have a set timetable for raising British interest rates and wanted to see faster growth and stronger underlying inflation first. Carney said global and domestic growth had proved weaker than he had expected in the middle of the year, when he predicted that a decision on when to raise interest rates would have come into sharper relief by early 2016. Jan 19, 2016

Renault to recall 15,000 vehicles for emissions tweaks

French carmaker Renault will recall more than 15,000 vehicles to make changes to their engines to bring them into line with emissions standards, Environment Minister Segolene Royal told RTL radio on 19 January. The minister, responsible for the environment and sustainable development, repeated that Renault was not alone in exceeding emissions levels, although she did not name any other carmakers. Jan 19, 2016