Economic News
US Senate on the brink of rejecting border wall emergency
The US Congress is on the brink of cancelling President Donald Trump's national emergency declaration after opponents of the measure in the Senate managed to round-up enough support in order to vote it down.
Forbes ranks Credit Bank of Moscow 1st among Russian lenders in World's Best Banks list
Forbes has included Credit Bank of Moscow as the top Russian lender in its first ever list of the World's Best banks.
Pound stumbles as hopes dim of quick Brexit breakthrough
Theresa May's government does not expect to reach a deal with the European Union negotiators before the weekend, according to reports from Brussels on Tuesday afternoon.
BMW could halt Mini production at Cowley in case of 'no-deal' Brexit
BMW joined Toyota on Tuesday issuing a warning on the impact that a 'no-deal' Brexit might have on its UK operations, saying it might have to halt production of Minis at its plant in Cowley.
Pompeo warns Trump may abandon an imperfect China deal
US Secretary of State Mike Pompeo has warned that President Trump could still walk out of negotiations for a trade deal between China and the United States, even as the two superpowers appear close to a resolution.
Counter Terrorism police investigating devices at three London transport hubs
The Met Police's Counter Terrorism Unit has launched an investigation after suspicious packages containing traces of explosive devices were found at three of London's major transport hubs.
CMA moves to have Viagogo found in contempt of court
UK competition watchdog the Competition and Markets Authority has decided to step up action against controversial ticket reseller website Viagogo after it failed to fully comply with the terms of a court order.
French customs agents' strike disrupts Calais port
French customs officials' second day of 'work-to-rule' strikes has caused lengthy delays for lorries heading for the Channel Tunnel at the port of Calais on Tuesday.
US new home sales tick higher in December
Sales of new US single-family homes edged up in December, according to data from the Commerce Department.
Euro area retail sales bounce back in January
Retail sales in the single currency bloc grew more quickly-than-anticipated at the start of 2019, but failed to offset the prior month's drop.
US to cut off India and Turkey from preferential trade status
President Donald Trump's decided on Monday the administration would scrap the preferential trade status granted to India and Turkey claiming they no longer apply for Washington’s Generalized System of Preferences.
Bank of England says EU regulators not ready for no-deal Brexit
The Bank of England believes the UK’s financial system can withstand a no-deal Brexit, but that banks and firms in Europe are less-well prepared – which in turn could hurt Britain.
Raiffeisen, Dutch lenders caught up in allegations of laundering Russian money
Shares of various European lenders came under selling pressure following allegations that they may have been caught up in or actively participated in helping to launder illicit monies from Russian clients.
Macron calls for EU 'renaissance' to fight populism in upcoming vote
French President Emmanuel Macron has laid out proposals for a more united European Union and called for a “renaissance” in the bloc as he tries to fight off the rising populist threat in the upcoming elections to the European parliament.
China cuts 2019 GDP growth target as services growth falls to 4-month low
Beijing cut its economic growth target for this year and unveiled tax cuts and infrastructure spending to boost growth, as it emerged on Tuesday that growth in China's services sector eased to a four-month low in February.
EU 'reasonably positive' over Brexit backstop - Hunt
Jeremy Hunt has said there were ‘reasonably positive’ signals coming from Europe regarding possible changes to Theresa May’s Brexit deal.
UK car sales motor ahead in February
Car sales moved up a gear in February, data published on Tuesday showed, reversing a five-month period of decline.
UK services activity picks up, economy on track for flat quarter
The UK economy is on track for its worst quarter of growth since the end of 2012 even though services activity improved slightly last month.