Economic News
UK voters head to the ballot box for the EU elections
UK voters are heading to the polls for the European Parliament elections and will give their verdict on the main parties' handling of Brexit with Conservative MEPs warn of a massive defeat.
US new home sales dip in March, but economists say housing is 'fine'
The pace of new home sales in the US dipped last month, but only account of upwards revisions to figures for the previous months and prices rebounded alongside.
IMF says US companies paying China tariff costs, warns over growth
US and Chinese consumers "are unequivocally the losers from trade tensions" between the two nations, the International Monetary Fund said in a blog on Thursday.
China asks US to correct 'wrong actions' or trade talks won't continue
The Chinese Commerce Ministry said on Thursday that the US needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions.
US initial jobless claims unexpectedly drop
The number of Americans filing for unemployment benefits unexpectedly dropped last week, according to figures from the Labor Department.
CMA accuses drug firms of colluding to raise NHS prices by 700%
The Competition and Markets Authority (CMA) has accused four pharmaceutical firms of deliberately restricting the supply of an anti-nausea prescription drug, causing annual NHS costs for the drug to rise by around £4. 8m over a four year period.
Eurozone economy in the doldrums in May
Eurozone economic growth was in the doldrums in May as services weakened and optimism dropped to a near five-year low.
German business sentiment deteriorates - Ifo
Business confidence in Germany deteriorated more than expected in May, according to a survey released by the Ifo Institute on Thursday.
Domestic demand fuels German economy's revival
Domestic demand helped the German economy return to growth in the first quarter as manufacturing remained a drag.