Economic News
May to allow MPs vote on second Brexit referendum, pound rallies
The Prime Minister said in a speech on Tuesday that she will offer MPs a vote on putting her deal to a second referendum if it passes the first stage of voting in Parliament.
US existing home sales unexpectedly drop in April - NAR
Sales of US existing home sales unexpectedly fell in April, according to data from the National Association of Realtors.
Hundreds of US footwear brands call for end to China trade war
A total of 173 footwear manufacturers, importers and retailers in the US have called on the US president to re-think his approach to the trade war with China, describing the recent tariff hike on imports from the People’s Republic as “catastrophic”.
Trump and Google grant Huawei small respite
Trump and Google granted Huawei some temporary relief after the former had threatened on Monday to ban US corporates from doing business with the company.
Manufacturers report slide in demand - CBI
Manufacturing order books have slumped to their lowest level since October 2016, the Confederation of British Industry said on Tuesday, as Brexit-related stockpiling started to ease.
BP chairman warns 'world is on an unsustainable path'
BP’s chairman acknowledged in the Financial Times on Tuesday that the world’s energy consumption is on “an unsustainable path”.
Sterling drops below $1.27 for first time since January amid Brexit woes
Sterling fell below $1. 27 on Tuesday for the first time since mid-January, weighed down by worries about Brexit.