Economic News
Weinstein's film studio agrees to pay $24m in settlements to victims
Harvey Weinstein’s bankrupt film studio agreed to pay a $47m settlement that will allocate over $20m towards dozens of victims who accused the film mogul of sexual assault and harassment.
US private payrolls grow 2.36m in June
US businesses continued to bring workers back from furlough throughout June as the country's economy attempted to slowly return to normal.
Pfizer jumps on positive Covid-19 vaccine trial data
Shares of drug giant Pfizer were boosted by news of positive clinical trial results for a Covid-19 vaccine candidate known as BNT162b1.
UK banks escape probe into overdraft rises during Covid-19
UK banks were put on notice over overdraft pricing during the coronavirus crisis by the industry regulator on Wednesday, but escaped the threat of a full probe.
Hong Kong authorities make first arrests under new law
Hong Kong police detained a man on Wednesday holding a flag urging independence, marking the first arrest under the new national security law introduced on Tuesday night.
UK manufacturing sector stabilises in June
The UK manufacturing sector stabilised in June following a steep downturn sparked by the coronavirus pandemic, according to data released on Wednesday.
Downturn in eurozone manufacturing sector eases in June
The downturn in the eurozone manufacturing sector continued to ease in June, according to a survey released on Wednesday.
German June unemployment rises less than expected
Germany reported a less-than-expected rise in June unemployment as the government’s short-time work scheme helped to offset the economic impact of the coronavirus pandemic.
UK house prices fall in June for first time since 2012 - Nationwide
UK house prices fell in June for the first time since 2012 as the coronavirus pandemic took its toll, according to a survey released by Nationwide on Wednesday.