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Economic News
18 Apr
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Philly Fed index slips in April, even as new orders jump back

Factory activity in the US mid-Atlantic region slowed in April, according to the results of one of the most closely-followed surveys covering the sector.

18 Apr
dans-son-livre-beige-la-fed-estime-que-l-economie-americaine-continue-de-progresser
'Robust' increase in March US retail sales

The American consumer recovered the spring in his step last month, with retail sales rising at their fastest clip since September 2017 as they splashed out on cars and at gasoline stations in particular.

18 Apr
'Shake up' but don't break up Big Four auditors, says CMA

The 'big four' auditing firms should be shaken up but not necessarily broken up to improve competition, with new regulatory powers introduced to improve accountability, UK competition authorities have recommended.

18 Apr
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US initial jobless claims drop to near 50-year low

The number of Americans filing for unemployment benefits unexpectedly fell last week, according to data from the Labor Department.

18 Apr
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Eurozone PMI data disappoints

Continuing the bloc's recent run of economic form, surveys on eurozone manufacturing and services data both indicated lower levels of activity than hoped for this month.

18 Apr
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Mild weather boosts retail sales as shoppers brush aside Brexit woes

UK retail sales unexpectedly rose in March, boosted by mild weather and despite the looming Brexit deadline, according to data released by the Office for National Statistics on Thursday.

17 Apr
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China prepping new stimulus package, says Bloomberg

Chinese officials appear to be preparing a stimulus package as they aim to improve sales of items such as cars and electronics after the nation's economy showed signs of reinvigoration on Wednesday.

17 Apr
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US February trade deficit narrows as aircraft sales jump

America's shortfall on trade with the rest of the world narrowed significantly in February amid a pickup in sales of civilian aircraft.

17 Apr
mark carney governor bank of england
Mark Carney warns global banks of looming losses from climate change

Mark Carney told the financial sector not to ignore climate change, warning of the losses that it might trigger, including from lenders' stakes in polluting firms.

17 Apr
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Mastercard could be forced to pay £300 to almost every UK adult

Mastercard could be forced to pay out £300 to almost every UK adult if a £14bn class action lawsuit against the company prospers.

17 Apr
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UK inflation holds steady at 1.9% in March

UK inflation unexpectedly held steady in March, according to data released on Wednesday by the Office for National Statistics, easing pressure on the Bank of England to hike interest rates.

17 Apr
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US-China deal could give Beijing dangerous trade tool

Treasury Secretary Steven Mnuchin said on Monday that the US agreed with China that the enforcement mechanism of fair trade will be reciprocal, in a move that some observers believed might harm US companies and the World Trade Organization itself.

17 Apr
china factory workers manufacturing chinese
Chinese industrial production jumps in March, amid stable Q1 GDP growth

Economic activity in China was stable at the start of 2019, amid a sharper-than-expected pick up for industrial production and retail sales in March.

16 Apr
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Over 100 people arrested in Extinction Rebellion protests in London

Climate change protests by Extinction Rebellion demonstrators in central London resulted in over 100 arrests.

16 Apr
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Gucci and Vuitton families donate €300m for Notre Dame restoration

The Pinault and Vuitton families pledged €300m to help in the reconstruction of Notre Dame cathedral on Monday, just a few hours after fire engulfed the Parisian cathedral in flames.

16 Apr
industrial scientific technology iqe jobs
UK labour market remains strong in face of Brexit uncertainty

Levels of employment in Britain increased 179,000 to a record high in the three months to February, official data confirmed on Tuesday, but economists see ongoing headwinds for households and businesses.

16 Apr
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German foreign minister says UK cannot have further Brexit extension

Germany's foreign minister has warned that if the UK does not make progress on agreeing a Brexit deal it will not be given a further extension to the deadline beyond 31 October.

16 Apr
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German business expectations improve in April - ZEW

Sentiment about the outlook for German business improved more than expected in April but "remains greatly subdued", according to the latest survey from the ZEW Center for European Economic Research in Mannheim.

15 Apr
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New EU copyright rules will hit Google and Facebook

Article 13 and the latest set of EU copyright rules were finally passed on Monday in the European Parliament to become law, potentially affecting small and large tech companies such as Facebook and Google.

15 Apr
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Catalent to buy gene therapy company Paragon Bioservices for $1.2bn

New Jersey-based drug developer Catalent Inc has agreed to buy privately-held gene therapy company Paragon Bioservices for $1. 2bn in cash.