Growth fears and trade tensions weigh on markets after IMF warning – business live

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Rolling coverage of the latest economic and financial news, as IMF urges politicians to help prevent the global economy weakening

The pound is stubbornly refusing to welcome Britain’s latest Brexit extension. Sterling is unchanged at $1.309 against the US dollar, and down slightly against the euro at €1.159, after the EU kicked the can down the road until the end of October.

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The booming business for smuggling people to the US: 'Everyone wins'Families – rather than single adults – from Central America are the big growth sector as poverty, violence and Trump’s immigration policy all play a part he was right, you know... I'm glad the article used language like 'customers' and 'industry'. This is straightforward abuse of the asylum system for economic gain and the people who will pay the price are genuine asylum seekers. “now the majority are Central American families who present themselves to US authorities and request asylum.” That’s not smuggling.
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