Economic News
EU vote blocks copyright reform and saves tech giants from payouts
The European Parliament has rejected a proposed internet copyright law that would have forced tech giants such as Google, YouTube and Facebook to increase payouts over royalties.
Ryanair cabin and ground crew announce European strikes this month
Ryanair cabin and ground crew from Spain, Italy, Portugal and Belgium have announced coordinated strikes for July in an escalation of the airline’s labour dispute.
Businesses fear for UK's post-Brexit service sector as May meets Merkel
As Theresa May’s cabinet prepare to decide their final strategy for a possible post-Brexit customs agreement with the EU, businesses in the UK are turning up the pressure on the Prime Minister.
Downing Street cracks down on ticket touts with new ban on bots
New legislation coming into force on Thursday has banned ticket touts from using automated software to buy more tickets for events than allowed.
US employment up 177,000 in June as firms struggle to find employees
Private payrolls in the United States grew by a respectable 177,000 in June but companies are struggling to find enough new employees according to data from payroll processor ADP’s monthly employment report.
Iceland is top supermarket in satisfaction index but Amazon takes grand prize
Iceland displaced Waitrose to be named the top UK supermarket for customer satisfaction for the first time, coming in tenth place on a list of the country’s top performing businesses.
Grocery sales to surge as football fans stock up on booze
British, or mainly English, shoppers are predicted to make an extra £1. 4m trips to the shops to stock up on alcohol and other groceries before England’s World Cup quarter final with Sweden.
Italy to push for both tax cuts and basic income in next annual budget
Italy's new government will push ahead with both tax cuts and a universal basic income in its first budget, the country's finance chief said, even as he moved to assuage concerns that Rome might breach its budget targets.
New car sales stall in June, ending spurt of increases
Sales of new cars fell in June ending a brief burst of increases in the preceding two months that the industry had hoped would draw a line under its torrid period.
Carney sees economy bouncing back, boosting rate-rise expectations
The governor of the Bank of England said the UK economy was bouncing back from a weather-induced slump in activity, reinforcing expectations the BoE would increase interest rates in August.
Jaguar Land Rover may leave UK in case of 'hard-Brexit'
Jaguar Land Rover said on Wednesday that a hard-Brexit could cause the company to curtail its operations in the UK, in a bid to avoid costs as high as £1. 2bn a year.
Downing Street outlines third Brexit customs plan
Theresa May has given some details on her new Brexit customs plan, though it has already been deemed “unworkable” by Brexit minister David Davis.