Economic News
FCA urges banks to improve measures for remote working
The Financial Conduct Authority urged banks and investment firms to improve measures for remote working and avoiding misconduct.
US new home sales fly past forecasts in August
New home sales in the States jumped past forecasts last month and from a higher base on the back of upwards revisions to data for July.
Government to top up wages of 'viable' jobs when furlough scheme ends
The government will look to stave off a potential wave of redundancies this autumn by topping up the wages of "viable jobs" when the furlough scheme comes to the end, Chancellor Rishi Sunak announced on Thursday.
Facebook Oversight Board to launch for US election
The Facebook Oversight Board said it plans to launch ahead of the US presidential election in November to monitor political content on the platform.
US jobless claims little changed, some economists say jobs market stalling
The pace of improvement in US jobless claims slowed last week, government data showed on Thursday, as America's labour market looked to have stalled.
IEA: Governments need carbon storage tech to meet energy goals
The International Energy Agency said that without carbon capture, utilisation and storage programs it will be impossible for governments and large companies to meet targets for the reduction of greenhouse gases.
Tesco CEO calls on retailers and governments to reduce food waste
Tesco CEO Dave Lewis said that companies and governments should take advantage of the opportunity the global pandemic has provided to tackle food waste as focus on global supplies increases.
S&P Global cuts UK growth forecast, warns over hard Brexit
S&P Global has cut its economic forecasts for the UK, predicting a 10% slide this year before conditions start to improve in 2021.
France business confidence jumps in September despite new Covid surge
French business confidence has continued to recover, with the industrial sector showing a better-than-expected improvement in September, according to a survey released on Thursday.
Ryanair's O'Leary warns of large job losses due to 'shambolic' UK Covid policy
Britain’s aviation and tourism industries faced massive job losses unless the government provided more support and eased travel restrictions, Ryanair chief Michael O'Leary said on Thursday.
Retail sales rise but results vary as caution mounts - CBI
UK retail sales rose at their fastest pace for 18 months in September as household items boomed and demand for clothing slumped, a Confederation of British Industry survey showed.
German business sentiment improves but momentum slowing
German business sentiment continued to improve in September but the recovery is slowing, according to a survey released by the Ifo Institute on Thursday.