Economic News
China makes 'unprecedented' proposals, US may lift some tariffs
China has made "unprecedented" proposals to Washington on various issues, including the forced transfer of technology, Reuters reported, citing a US official, and Washington might be open to removing some of its tariffs on Chinese goods.
Oil prices fall as Trump calls on Opec to up production
Donald Trump has called on the Organization of Oil Exporting Countries to up its output, triggering a slide in oil futures.
US pending home sales fall more than expected in February
US pending home sales fell more than expected in February, according to the latest figures from the National Association of Realtors.
Pound wallows as govt plans vote on Withdrawal Agreement
The pound sank to its lowest point in the week on Thursday as investors and analysts struggled to see a clear way forward for Brexit after a confusing night in Westminster and as the government planned a new vote on Friday.
US initial jobless claims unexpectedly drop
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to figures from the Labor Department.
Pension income flatlines over the last decade - DWP
Pensioner income is little changed since the start of the decade, data released from the Department for Work and Pensions showed on Thursday.
CMA to probe soaring prices in funeral market
The UK's competition watchdog will carry out an in-depth probe into the funeral services market after finding that the price of a funeral has increased at twice the rate of inflation each year for the past 14 years.
Tusk urges EU to support 'increasing majority' of UK remainers
European council president Donald Tusk asked the EU Parliament on Wednesday to support the “increasing majority” of British people who do not want to leave the bloc.
UK car manufacturing falls for ninth month
UK car production for home and export markets both declined sharply last month, sparking fears of greater challenges for the industry if no-deal Brexit were to occur.