Economic News
EU set to maintain travel restrictions with most third countries
The European Union will not expand its list of countries allowed restriction-free travel when officials meet for their bi-weekly review.
US core CPI edges past forecasts in June
The cost of living in the US increased slightly more quickly than anticipated amid broad gains in prices by categories.
Chinese imports and exports jump past forecasts in June
Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
Small US companies' earnings expectations plumb 10-year low in June, NFIB says
A stronger-than expected reading for a widely-followed gauge of small business confidence in June was misleading, some economists said.
No UK economic recovery to pre-Covid levels until 2022, says OBR
The UK economy is unlikely to recover to pre-Covid levels until 2022, according to the Office for Budget Responsibility, while the budget deficit will hit its highest level in peacetime.
China to impose sanctions on Lockheed Martin over Taiwan arms deal
China is to impose sanctions on Lockheed Martin after the US government gave the green light to a sale of missile parts to Taiwan.
German economic sentiment dips in July - ZEW
German economic sentiment dipped in July and the assessment of the current situation came in below expectations, the monthly ZEW survey of investors showed.
UK retail sales return to growth in June
Retail sales rebounded sharply in June, industry research showed on Tuesday, supported by the easing of lockdown measures and booming online sales.
Weak UK May GDP growth hits hopes of sharp post-Covid recovery
Britain's economy grew by a lower-than-forecast 1. 8% in May as businesses started to emerge from the coronavirus lockdown, official data revealed, dampening hopes of a sharp rebound.