Economic News
RICS reports slowdown in construction workload due to Brexit
Construction workloads slowed modestly across all sectors as the uncertainty surrounding Brexit and the political turmoil following the last elections weighed on investment decisions, a leading business lobby said.
US oil inventories drop more than expected during latest week
US crude oil inventories fell by more than expected during the latest reference week, official data revealed, even as imports picked-up.
Spanish banker Blesa found dead in midst of credit card investigation
Infamous Spanish banking executive Miguel Blesa has been found dead at a hunting lodge in the country while an investigation into his part in a credit card scandal was ongoing.
US housing starts rise more than expected in June
US housing starts rose more than expected in June, according to data released by the Commerce Department on Wednesday.
Credit and debit card charges to be scrapped in EU directive
Consumers will be spared the burden of added credit and debit card charges from January 2018, the UK government has announced.
Ethereum co-founder says initial coin offerings are a "ticking time bomb"
In May alone, cryptocurrency "Ether" rose by as much as 700% in value amid a craze for initial coin offerings but one of its developers said they were a "ticking time bomb".
Euro area construction output falls in May
Construction output in the single currency bloc shrank in May, led by declines in almost all the major economies, save Italy.
Inequality in the UK on the decline, IFS finds
Higher income and a lower unemployment rate have aided in closing the gap on inequality across the UK, but some regions are still suffering, a new study finds.
Trump and Putin held undisclosed private meeting at G20
Donald Trump and Vladimir Putin held a second undisclosed meeting only attended by one Russian translator during the G20 summit in Hamburg, the White House said on Tuesday.