International News
EU vote blocks copyright reform and saves tech giants from payouts
The European Parliament has rejected a proposed internet copyright law that would have forced tech giants such as Google, YouTube and Facebook to increase payouts over royalties.
Ryanair cabin and ground crew announce European strikes this month
Ryanair cabin and ground crew from Spain, Italy, Portugal and Belgium have announced coordinated strikes for July in an escalation of the airline’s labour dispute.
WTI crude oil futures slip after unexpected stockpile build
US crude oil stockpiles registered an unexpected build last week as net imports rose sharply and rates of refinery use dipped.
US employment up 177,000 in June as firms struggle to find employees
Private payrolls in the United States grew by a respectable 177,000 in June but companies are struggling to find enough new employees according to data from payroll processor ADP’s monthly employment report.
US open: Trade fears subside as stocks go green in first session after Fourth of July break
Wall Street trading began with gains on Thursday, thanks to a potential easing of tensions between Washington and Brussels and ahead of the release of key economic reports.
US ISM services PMI beats, despite spreading impact from tariffs and slower hiring
US services sector activity continued accelerating last month, despite what appeared to be the spread of supply-side issues linked to the impact of Washington's tariffs on aluminium and steel and other levies targeting several of its main trade partners.
UK in talks with Sweden to develop sixth-generation fighter jet
The UK is moving to defend its position as a world leader in the field of military aerospace, holding discussions with Sweden on working together to design a sixth-generation fighter aircraft, the FT reported.
Boeing and Embraer to create $4.75bn joint-venture
Boeing and Embraer, two of the world's biggest aircraft makers, agreed to a memorandum of understanding on Thursday that will see the pair create a joint-venture comprising the commercial aircraft and services operations of the Brazilian firm in a $4. 75bn deal.
US weekly jobless claims trend higher, but economists not bothered
US jobless claims hit a six-week high over the latest reference period, possibly influenced by seasonal quirks in the data, economists said, but remained near multi-decade lows.
Italy to push for both tax cuts and basic income in next annual budget
Italy's new government will push ahead with both tax cuts and a universal basic income in its first budget, the country's finance chief said, even as he moved to assuage concerns that Rome might breach its budget targets.
Spanish industrial production continues to slow down in May
Spanish industrial production continued to slowdown in May, dragged down by a decline in energy output.
German factory orders race ahead in May
Client orders for German manufacturers piled up in May, despite a drop in those from outside the single currency bloc.
Downing Street outlines third Brexit customs plan
Theresa May has given some details on her new Brexit customs plan, though it has already been deemed “unworkable” by Brexit minister David Davis.