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Johnson proposes FTA with EU and alternative to Irish Backstop
The government's proposals to Brussels for a Free Trade Agreement and the creation of a single regulatory area on the island of Ireland as an alternative to the Irish Backstop were unlikely to 'cut the mustard', analysts said.
Europe close: Stocks reel amid growth fears
European stocks were sharply lower on Wednesday, as investors digested weak manufacturing data from both sides of the Atlantic and slashed expectations for German GDP growth.
Thursday preview: US ISM services PMI, Ted Baker in the spotlight
The spotlight on Thursday will shift towards the latest services sectors Purchasing Managers Indices on both sides of the Atlantic, with investors likely keen to assess to what extent economic weakness in manufacturing might be filtering into the remainder of the economy, whether in the US or in the euro area.
London close: Stocks pummeled by global growth concerns
London stocks suffered very sharp declines on Wednesday amid ongoing worries about a global slowdown, even as investors digested Prime Minister Boris Johnson's proposal to Brussels for a free trade area and as regards the Irish border, which analysts said were not likely to fly with the European Union as they would give Northern Ireland a competitive advantage over the bloc.
US Navy selects Serco for ID/IQ contract
The US Navy's Naval Information Warfare Systems Command selected Serco alongside seven other firms as an awardee for an Indefinite Delivery, Indefinite Quantity (ID/IQ) multiple award contract.
Possible diplomatic breakthrough as Ukraine contact group adopts 'Steinmeier formula'
Ukraine reportedly agreed overnight to adopt the so-called 'Steinmeier formula', in effect allowing elections in the breakaway region of Donbass and to grant it a special administrative status, possibly paving the way for the resumption of peace talks between Kiev and Moscow.