Economic News
Court rules that electoral commission fluffed Brexit donations rules
The electoral commission misunderstood the law surrounding donations from the pro-Brexit group Vote Leave to BeLeave founder Darren Grimes, according to a high court ruling on Friday.
London close: Stocks finish week in the green, despite warnings around 'no deal' Brexit
London stocks finished higher on Friday, recovering from the previous session's drop, with housebuilders paring their losses and helped by a positive start to trading on Wall Street.
US industrial production picks-up in August
America's factories continued to hum along in August, boosted by output of business equipment and materials.
US retail sales slow unexpectedly in July
US retail sales slowed last month as US consumers pulled back on purchases of fashion and motor vehicles and parts.
Erdogan blames US for 'heinous economic attack'
Turkish President Tayyip Erdogan said on Friday that Turkey’s economic crisis and currency fluctuations had political reasons referring to the United States.
US consumer sentiment index at six-month high in September
US consumer sentiment picked up more than expected in September, to a six-month high, according to a preliminary reading from the University of Michigan.
British Steel says 400 job cuts 'unavoidable'
British Steel could cut up to 10% of its workforce as part of a turnaround plan as the business looks to try and keep up with the changes in the industry including the rising costs that come with a weaker pound.
Carney warns Brexit could be as catastrophic as 2008 financial crisis
The Bank of England’s governor Mark Carney warned that a no-deal hard Brexit could be as catastrophic as the 2008 financial crisis, causing recession and sending house prices crashing.