Economic News
May promises to set out departure date in June
UK Prime Minister Theresa May on Thursday agreed to set out a plan for her departure from office after another vote on the Brexit withdrawal deal in June.
Pound dips as Theresa May promises to provide timeline for stepping down
Sterling is coming under renewed selling pressure after the Prime Minister took a major step on Thursday towards standing down.
Trump declares national emergency and bans Chinese telecoms
Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.
Lords urge re-think on controversial HS2 project
The House of Lords weighed in on the controversial HS2 high-speed rail project on Thursday, saying it would not offer value for money to the UK, and was at risk of “short changing” the North of England.
Weekly US jobless claims surprise to the downside
Perhaps the most closely-followed lead indicator of joblessness in the US surprised to the downside on Thursday.
European Commission fines five banks €1bn for market rigging
Five major banks have been fined a total of €1. 07bn by the European Commission on Thursday due to foreign exchange market-rigging that took place from 2007 to 2013.
London could face worker shortages due to Brexit visa restrictions
London could suffer from the tougher post-Brexit immigration rules with the City left facing a shortage of workers, said business lobby London First.