International Economic
EU extends sanctions on Russia until 2020
European Union leaders decided on Thursday to extend the bloc's economic sanctions on Russia over the ongoing turmoil in Ukraine into 2020 .
EU urged to help cities in fight against Airbnb expansion
Ten European cities have urged the European Union to intervene in the fight against Airbnb expansion they say are pricing local residents out of the housing market.
US shoots down Iranian claim drone violated its airspace
Iran’s Islamic Revolutionary Guards Corps shot down a US drone on Thursday claiming that it had violated the country’s airspace.
Trump believes he has power to replace Powell at Fed
US President Donald Trump believes that he has the power to replace the Federal Reserve’s chief Jerome Powell and demote him to governor.
US Q1 current account deficit narrows by less than expected
America's shortfall on trade and other current transactions with the rest of the world was bigger than expected at the start of 2019.
Philly Fed index drops much more sharply than expected in June
Factory sector activity in the US mid-Atlantic region cooled a tad last month amid worries over global trade frictions, mainly between the US and Mexico, but some economists were expecting a rebound following the recent resolution of that dispute, subject to a thawing in the trade relationship between Washington and Beijing.
Weekly US jobless claims fall by more than expected
The number of Americans filing for unemployment benefits for the first time last week decreased by more than expected.
Rome extends financial olive branch to Brussels
Italy has earmarked more than €5bn to pay down debt as it looks to avoid being sanctioned for breaking European Union fiscal rules.