International News
Europe close: Markets falter as Trump renews EU tariff threats
Stocks on the continent remained below the waterline as markets closed on Wednesday, after the US president renewed his threat of trade tariffs against the European Union.
US open: Dow breaches 29,300 again as traders look past coronavirus outbreak
US stocks opened higher on Wednesday as corporate releases continued to stream in and investors shrugged off concerns about the spread of a deadly virus in China.
Di Maio quits as 5-Star leader revealing divisions within party
Luigi Di Maio, leader of Italy’s 5-Star movement, one of two parties in the coalition government, resigned on Wednesday, revealing divisions within the party and stoking political tensions.
US threatens retaliatory levies if UK presses ahead with digital tax
Tensions between London and Washington were growing on Wednesday after the US threatened to impose retaliatory tariffs if the UK introduced a tax on technology companies.
Xiaomi still considering entering US market regardless of trade war
China's Xiaomi is still considering entering the US market despite America's stance against technology firms from the Asian giant and the ongoing trade war.
Jeff Bezos's phone hacked by crown prince of Saudi Arabia
The Amazon founder Jeff Bezos has suffered a mobile hack in 2018 by the crown prince of Saudi Arabia, reported the Guardian on Wednesday.
Daimler warns on profits as emissions fallout continues
Daimler, the German luxury car manufacturer, has once again warned on profits, as it continues to navigate the fallout from the emissions scandal and a switch away from diesel vehicles.
US pre-open: Stocks seen up as Wall Street shrugs off coronavirus fears
US futures were pointing to some early gains on Wednesday ahead of an array of corporate releases as investors seemingly shrug off concerns about the spread of a deadly virus in China.
Rival Turkish bid being lined up for British Steel - report
The government is lining up a rival bidder for British Steel in case an agreed takeover by China’s Jingye falls through, it was reported on Wednesday.
Boeing 737 MAX return delayed until at least mid-2020
Boeing said it did not expect its controversial 737 Max aircraft to return to service until mid-2020 as it officially paused production while authorities scrutinise modifications.
Asia report: Markets higher as investors shrug off coronavirus concerns
Most markets in Asia managed gains on Wednesday, as investors continued to weigh concerns around the spread of the Wuhan strain of coronavirus, which has infected hundreds in China and has been confirmed spread to the United States.
IBM ends 2019 on a 'strong note'
International Business Machines (IBM) updated the market on its fourth quarter and full-year numbers for 2019 on Wednesday, reporting GAAP earnings per share from continuing operations of $4. 11 (£3. 15) for the final three months of the year, and operating, non-GAAP earnings per share of $4. 71.
Experts say Wuhan coronavirus closer to seasonal influenza
The far lower mortality rate of the new coronavirus identified in the Chinese city of Wuhan means that it is unlikely to have anywhere near the significance for the US economy of the outbreak of Severe Acute Respiratory Syndrome in 2003, Capital Economics said.