Economic News
Tory rebels renew push to topple May
Dissident Tory MPs were once again trying to garner support to unseat Prime Minister Theresa May as pressure intensified on her to provide a departure timetable.
Post-Brexit customs union would leave Britain 3% poorer, says NIESR
UK GDP would be 3% lower if the UK retained a customs union with the EU after Brexit than if it had remained in the bloc, according to a report on Thursday.
CBI calls for business rates review to halt 'regional unfairness'
Business lobby group the CBI has warned that the current business rates system is “entrenching regional unfairness” and have called for a review.
Facebook picks London as base for Whatsapp payments push
Facebook has picked London to be the base for its push into payments on its Whatsapp messaging service due to its standing as Europe’s fintech talent capital.
Hackers nab $40m Bitcoin from Binance exchange
Hackers breached the security of the Binance exchange, making off with 7,000 bitcoins worth around $40m in a single transaction, revealed a post on the bitcoin market's website.
Europe midday: Stocks slip amid negative news on US-China talks, Italian politics
Stocks on the Continent are trading slightly lower, amid reports that Beijing is backtracking on trade commitments with the US and reports of tensions in the Italian government.
China foreign trade data for April paints mixed picture of the economy
Chinese export growth fell back unexpectedly last month and while an acceleration in imports pointed to an improvement in the domestic economy, economists were somewhat divided on the strength one could expected of any rebound.
Iran drops key commitments under 2015 nuclear deal
Iran announced on Wednesday that it would drop two of the key commitments that it entered into as part of the 2015 nuclear deal in response to America's withdrawal and its decision to reinstate sanctions on the Islamic Republic.
China reneges on multiple aspects of draft trade agreement
The White House received a diplomatic cable from Beijing late on Friday night containing systematic edits to the pair's nearly 150-page draft trade agreement, threatening to undo months of negotiations between the world's two largest economies.
Consumer spending buoyed by summery spell, says Barclaycard
Consumer spending was on the up in April as a spell of spring sunshine got Brits out and about to rack up double-digit growth for pubs and restaurants, according to data released on Wednesday.
British retail sales jump in April but only due to late Easter, says BRC
The long Easter weekend masked a slowdown in retail sales across the UK last month amid ongoing consumer caution.
UK house prices pick up in April but supply and demand still 'sudbued'
UK house prices unexpectedly rose in April, according to the latest figures from lender Halifax.
German industrial production unexpectedly rises in March
German industrial production unexpectedly rose in March, according to data released on Wednesday by Destatis.