Economic News
US business group in China faces retaliation from escalating trade conflict
The top US business association in China said on Wednesday that half its members faced retaliation by the Chinese government following the escalation of the country's trade conflict with the US.
EE and Vodafone pull Huawei phones from 5G network launch
BT owned EE and Vodafone announced on Wednesday that they won’t offer phones from Huawei when they roll out Britain’s first 5G mobile network next week.
UN expert calls out Tory policies that led to 'systematic' UK poverty
UN poverty expert Philip Alston said in a report that the "ideological" cuts to public services in the UK since 2010 have led to "tragic consequences" and continue “largely unabated”.
Government to ban plastic straws, stirrers and cotton buds in England
In the latest move to fight ocean pollution, the UK government will introduce a ban on certain single use plastic items next year.
Trade war resolution looks distant as Xi calls for 'new Long March'
Chinese President Xi Jinping called on his nation's citizens to join him on a "new Long March" on Wednesday, a possible indication that Beijing could be preparing for its trade dispute with Washington to last for an extended period.
Higher energy bills push inflation above Bank of England target
Inflation crept above the Bank of England’s target in April, pushed upwards by rising energy and transport costs, but remained below consensus forecasts, official data showed on Wednesday.
British Steel failure threatens thousands of jobs
British Steel will be placed into administration on Wednesday, putting 5,000 jobs directly at risk and threatening another 20,000 in the company's supply chain.