Economic News
House prices dip in April, RICS survey shows
House prices dipped in April as sentiment in the London market dropped to a low not seen since the UK was in recession, the monthly RICS survey showed.
Weekly US oil and product stockpiles drop sharply
US commercial oil and product stockpiles shrank sharply last week, amid a big drop in imports.
Europeans stand by Iran nuclear deal after US pullout, Peugeot stalls
Germany, France, China and Russia declared their committed to the Iran nuclear deal on Wednesday after the US decided to withdraw support overnight, while shares in companies such as Airbus and Peugeot fell on worries about whether business could be effected.
US producer prices fall back in April, but some economists unconvinced
US wholesale prices rose by less-than-expected in April amid an unexpected drop in food prices.
Hitachi receives government loan assurances for controversial nuclear plant
Hitachi has received assurances from the UK government that loans will be provided for the construction of two nuclear reactors in Wales according to Japanese media reports.
AT&T confirms it paid Michael Cohen's firm to cosy up to Trump
US communications giant AT&T confirmed on Tuesday evening that it paid President Trump’s personal lawyer, Michael Cohen, for "insights into understanding the new administration".
London city hall launches initiative to tackle race inequalities in labour market
London city hall launched a new initiative, the Workforce Integration Network, to tackle the high unemployment levels of black youths in London.
MPs get vote on single market after government's Lords defeat
The British government suffered four more Brexit defeats from the upper house of parliament overnight, including a voted against leaving the European Union’s single market after the divorce date.
Voters favour Labour economic policies, FT poll finds
Voters support Labour party economic policies including higher taxes for top earners and nationalising key industries, a survey for the Financial Times has found.