Economic News
Dick's Sporting Goods, US gun retailer, stops selling assault rifles
Dick’s Sporting Goods has announced the removal of assault-style weapons from its stores and has raised the age for gun buyers to over 21.
Arsenal offsets turnover decrease by netting profit from transfers
Arsenal Holdings PLC, the group which operates Arsenal Football Club, recorded a decrease in operating profits in their half year results on Wednesday as the club continues to struggle on the pitch.
Government must share blame over nuclear clean-up contract failure, say MPs
The UK government has been accused of being partly to blame for shortfalls on a nuclear clean-up contract that wound up costing taxpayers as much as £122m in legal expenses.
US pending home sales slump in January
US pending homes unexpectedly declined in January, according to figures from the National Association of Realtors.
US GDP slows a tad more than expected in the fourth quarter
Economic activity in the US slowed down a tad more quickly than expected during the third quarter, but continued to point to a robust end of the year, according to economists.
Chicaco PMI falls to six-month low in February
Economic activity in the Chicago area deteriorated more than expected in February, according to figures released on Wednesday.
EU plan assumes Northern Ireland will stay in customs union
The UK must accept the prospect of Northern Ireland staying in the EU customs union with oversight by the European Court of Justice after Brexit, a draft European commission treaty shows.
UN report says North Korea aided Syrian chemical weapons projects
A leaked report from the UN sanctions panel says North Korea sent Syria missile specialists and over 40 items used in ballistic missile and chemical weapons programmes between 2012 and 2017.
Official China PMI surprises to the downside in February
The weak prints on two closely-followed surveys of activity in China's economy for February likely overstate the extent of the slowdown seen during the month of February, economists said, possibly as a result of the Lunar New Year holidays.
UK consumer confidence wanes in February - Gfk
UK consumer confidence slipped lower in February, according to a widely followed survey released on Wednesday.
Eurozone inflation eases to 1.2% in February
Inflation in the eurozone eased to 1. 2% this month from 1. 3% in January, in line with expectations, according to a flash estimate from Eurostat on Wednesday.