Economic News
May survives tough day as rebels seek support to knife PM in ballot
UK Prime Minister Theresa May moved on Friday to bolster her precarious position after ministerial resignations over Brexit and the continuing threat of a no confidence vote.
'I think we'll have a deal (with China),' Trump says
Wall Street's main market gauges flickered into life on Friday afternoon in New York, reversing early losses and moving into the green, on the heels of upbeat remarks from the US President regarding the chances of his administration being able to strike a trade deal with Beijing.
US interest rates closer to 'neutral', Fed's Clarida says
The US central bank's second-in-command noted recent volatility in stock markets, but continued to defend the need for gradual rate hikes.
UK banks lose two-thirds of branches in past 30 years - Which?
UK banks have shed two-thirds of their branch network in the past 30 years, instead ploughing millions into the Post Office to serve people’s basic banking needs, a new study from Which? has revealed.
US industrial production rises in October, boosted by output of business equipment
US industrial production edged higher last month on the back of sharp increases in the output of business equipment and construction.
ECB's Draghi confident, but argues for patience and persistence
Outgoing European Central Bank President, Mario Draghi, sounded a confident note on the outlook for the euro area economy, describing a recent slowdown as a 'soft patch', but said policymakers needed to be "patient and persistent" in providing monetary stimulus.
Walmart's wages targeted by new Bernie Sanders legislation
Walmart has been targeted by a new bill that would prevent large companies from completing stock buy-backs unless their employees are paid at least $15 an hour, which was introduced by senator Bernie Sanders.
Kim Jong-Un supervises tests of new North Korean 'tactical' weapon
North Korea leader Kim Jong-Un inspected a new “tactical” weapon for the first time in nearly a year this week, reported the country’s state media on Friday.
US sets sanctions on 17 Saudi officials over Khashoggi murder
The US imposed economic sanctions on 17 Saudi Arabian officials late on Thursday after the killing of journalist Jamal Khashoggi last month.
EE and Virgin Media fined for overcharging customers who left contract early
Ofcom has levied £13. 3m in fines against EE and Virgin Media, it announced on Friday, for overcharging phone and broadband customers who wished to leave their contracts early.