Economic News
US tariffs on EU cars adds downside risk to a slowing economy
President Trump will decide within weeks whether to impose tariffs on European cars, a decision that would surely harm an already slowing Eurozone economy.
Seven Labour MPs split from party over Brexit, antisemitism
Seven Labour MPs resigned from the party on Monday in protest over its Brexit policy and the failure to deal with antisemitism among members.
First EU elections poll shows surge for far-right, but center-right still dominant
Centre-right parties are expected to again come out in front from the European Union parliamentary elections due to be held between 23-26 May, but the Continent's far-right parties will make fresh inroads, according to the results of a survey.
Honda to shut down Swindon car plant putting 3,500 jobs on the line
Honda is set to announce the closure of its car plant in Swindon in 2022 which could potentially leave 3,500 workers unemployed.
UK businesses raising pay due to skill shortages - CIPD
British businesses are raising wages by the most in the past seven years as it becomes increasingly difficult finding enough skilled workers due to Brexit.
MPs call for urgent tightening of regulations on social media companies
A parliamentary committee has published its final report following an investigation into 'fake news', accusing Facebook of knowingly breaking privacy and competition laws and calling for stricter regulations to be imposed urgently.
New TLTRO loans for banks must have a monetary justification, ECB officials say
Two European Central Bank officials who spoke over the weekened appeared to be trying to temper market expectations, to varying degrees, for additional policy easing.
Rail industry proposes weekly fare caps, more mobile tickets
The days of carrying a stack of orange printed tickets for a single rail journey could soon be over, as the industry announced a big overhaul of its ticketing strategy.
'Big progress' being made in US-China trade talks
Donald Trump said trade talks with China had been "very productive" over the weekend as his team returned from Beijing and prepared for another round of negotiations.