International News
EU sets single market integrity as red line in Brexit talks
The EU’s chief Brexit negotiator Michel Barnier said late on Monday the bloc would “never, never, never” compromise the integrity of the single market in the upcoming trade negotiations with the UK.
Apple tops estimates in best ever holiday trading period
Tech giant Apple posted record quarterly figures for the holiday trading period on Tuesday, easily exceeding both revenue and earnings expectations.
Iran MPs urge debate on motion to quit nuclear treaty
A group of Iranian lawmakers on Tuesday asked parliament to debate a motion for Iran to quit a nuclear treaty governing global nuclear arms control aimed at putting pressure on European powers to salvage the 2015 nuclear deal.
Ryanair warns of job losses and base shutdowns after 737 Max delays
Ryanair warned pilots on Tuesday that it could close bases and cut jobs as the delivery date for some 737 Max aircrafts was delayed to autumn, missing the peak summer months.
Europe close: Italian issues pace gains after regional election results
Stocks on the Continent staged a modest bounce on Tuesday despite some analysts' warnings that financial markets might be underestimating the impact of the new Coronavirus in China.
Xi Jinping pledges to beat 'devil' coronavirus
China's president Xi Jinping has pledged to beat the "devil" coronavirus as Hong Kong restricted rail and transport travel to and from the mainland and fears intensified over the disease's economic impact.
US open: Stocks record early gains but investors remain cautious
US stocks recorded some modest gains at the bell on Tuesday, as stocks attempted to undo some of the damage done during the previous session.
US consumer confidence hits November 2018 high in January
A widely-followed gauge of US consumer sentiment picked up more quickly than anticipated at the start of 2020, pointing to a still solid outlook for spending.
EU set to boost hydrogen and recycling in new industrial plan
The European Union's new industrial strategy will give greater importance to hydrogen fuel for use in industry and recycling.
Government approves 'limited' role for Huawei in 5G rollout
The government has approved a limited role for Huawei in the rollout of the UK’s 5G network, overruling opposition from Washington and a number of senior Conservative MPs.
Defence spending buoys US durable goods orders in December, but only slightly
Orders for goods made to last more than three years shot higher at the end of 2019, but the details of the report revealed nearly across-the-board weakness outside of defence spending.
US house prices rise more than expected in November
US house prices rose more than expected in November, according to the S&P/Case-Shiller national home price index.
3M misses on profits, plans to cut 1,500 jobs
Shares in consumer and industrial products manufacturer 3M were under pressure ahead of the bell on Tuesday after the group fell short of fourth-quarter profit expectations and announced it would be cutting as many as 1,500 jobs as part of a restructuring programme.
Coronavirus could cause Q1 China GDP to shrink, Pantheon says
China could suffer a contraction in real economic output in the first quarter as the economy is hit by the spread of the coronavirus, according to Pantheon Macroeconomics.
BorgWarner to buy Delphi Technologies in $3.3bn deal
Shares of Delphi Technologies surged in pre-market trade on Tuesday after it agreed to be bought by BorgWarner Inc. in an all-share deal that values the business at about $3. 3bn.
Pure Gold Mining shares rise on latest development at Red Lake
Pure Gold Mining announced on Tuesday that mine development at the Pure Gold Red Lake Mine, initiated as part of the test mining programme, had now resumed, and exploration drilling in close proximity to that development had intersected high-grade gold mineralisation from both infill and step-out drill holes.
Trump could extend travel ban to certain African countries
The Trump administration is considering adding several African countries to a US travel ban list, including Africa’s top tech hub, Nigeria.
US pre-open: Markets subdued as coronavirus remains firmly in focus
US futures were pointing to some modest gains ahead of the bell on Tuesday after the Dow Jones recorded its worst day in four months during the previous session.
United Technologies beats forecasts, tie-up with Raytheon seen in Q2
United Technologies posted better-than-expected quarterly revenues and profits as it continued to progress on spinning off its activities outside of the aerospace field and its merger with Raytheon.
Ofgem to probe National Grid and Scottish Power over undersea cable
Ofgem, the UK energy regulator, has launched a probe into National Grid and Scottish Power over a £1. 3bn undersea cable project.