Economic News
Prolonged period of 'very modest' house price growth ahead
Research from Oxford Economics published on Friday said that house price growth in the UK is "running out of steam," with a prolonged period of modest growth likely ahead.
Policy maker advises Bank of England to be 'a bit more activist'
Michael Saunders, an external member of the Bank of England's monetary policy committee has said leaving the European Union will have long-term effects on the British economy while arguing there may still be a case to increase interest rates sooner rather than later.
US CPI rises slightly less-than-expected in July
The cost of living in the States increased at a slightly lower-than-expected pace last month as the cost of energy and that of cars and trucks fell.
Trump says US military is "locked and loaded" for North Korea
US President Donald trump tweeted that the US military is "locked and loaded" in reference to dealing with North Korea, the latest from the US-North Korea standoff.
OPEC oil output compliance slipping, IEA warns
World oil demand is growing more strongly than previously thought, but revisions to past data for demand from developing economies means the excess oil on the market will clear less quickly than initially expected later in 2017, according to the rich-world's energy watchdog.
Reuters poll says another 'two to three' years of growth for US
According to a recent poll of economists undertaken by Reuters, the US economic expansion will last "at least another two years," but perhaps not at the speed which the Trump administration had promised.
China should remain neutral if N.Korea launches missile strike
China should remain neutral if North Korea decides to launch an attack that threatens the United States, The Global Times said in an editorial on Friday, in what may be a passive warning to Pyongyang over its plans to fire missiles near the US Pacific territory of Guam.
Australia promises to come to bat for US if required
Prime Minister Malcolm Turnbull said Australia would invoke the ANZUS Treaty for just the second time since it was established in 1951, to "come to the aid of the United States" if escalating tensions with North Korea came to a head.
Trump doubles down on North Korea after 'fire and fury' threats
US President Donald Trump has refused to back down on threats of ‘fire and fury’ made to North Korea earlier this week, doubling down on his stance against King Jong-un’s regime.