News And Announcements
Eurozone business activity slumps amid Covid-19 second wave
Eurozone business activity fell sharply in November, putting the bloc on track for a double-dip recession as governments imposed restrictions to stem a second wave of Covid-19 infections.
Mnuchin tries to play down dispute with Fed
US Treasury Secretary Steve Mnuchin tried to play down his decision not to extend several emergency Federal Reserve lending facilities but economists said his move risked damaging the economy.
MPs launch inquiry into financial services
UK regulators and leading bankers are set to be called for evidence by MPs after the Treasury committee launched an inquiry into the future of financial services.
Ofgem calls for increase in price cap, opens consultation
Ofgem is considering upping the price cap after the Covid-19 pandemic prompted a rise in bad debts, hitting the finances of energy suppliers.
UK retail sales continue to grow despite lockdown - BDO
Retail sales held up during the first full week of lockdown, research published on Friday showed, as consumers got their Christmas shopping underway early.
Unions call for frontline workers to have priority access to Covid-19 vaccine
UK unions called for key frontline workers to be given priority access for a Covid-19 vaccine once its rolled out after they were omitted from the list.
Consumers 'losing their nerve' as confidence dips - GfK
Consumer sentiment dipped further in November as households worried about their personal finances, a widely followed survey showed.
UK borrows less than expected as taxes exceed forecasts
The UK government borrowed a less than expected £22. 3bn in October as tax receipts outstripped forecasts, official figures showed.
UK borrowing rises less than expected, retail sales see early Xmas boost
UK retail sales rose for the sixth consecutive month in October, underpinned by the online segment, while government borrowing hit its highest level on record for that month but was still lower than forecast, according to figures released on Friday by the Office for National Statistics.
UK factory orders drop amid virus second wave - CBI
UK factory orders fell at a faster pace in November as the second wave of Covid-19 hit demand, a Confederation of British Industry survey showed.
UK foreign investment appeal dips during crisis - survey
The UK has become less attractive as a place for overseas companies to invest during the Covid-19 crisis but its appeal is relatively strong compared with the rest of Europe, a survey showed.
Carnival to raise $1bn to buy back notes
Carnival said it planned to raise $1bn (£753m) with an equity offering to buy convertible bonds back from their holders.
House prices accelerate faster than expected - ONS
UK house prices accelerated faster than expectations in September fuelled by the Chancellor's stamp duty holiday and households looking for more space, official figures showed.
UK inflation ticks up in October as clothing prices rise
UK inflation edged higher in October as the price of clothing rose, according to figures released on Wednesday by the Office for National Statistics.
FCA urges lenders to support mortgage customers hit by Covid-19
The Financial Conduct Authority has banned lenders from repossessing homes until February 2021 and extended mortgage payment holidays, it was confirmed on Tuesday.
Morgan Stanley says keep faith with V-shaped recovery
Morgan Stanley predicted a V-shaped global economic recovery and advised investors to take 'overweight' positions on global equities and credit as the world emerges from a turbulent 2020.
Unemployed youths could miss out on £27,000 in retirement due to pandemic
Young people who have lost their job during the pandemic will miss out on thousands of pounds in retirement through their inability to find work.
Trump to end administration by clamping down on China - reports
Outgoing US president Donald Trump will end his administration with a series of hard-line policies against Beijing, it was reported on Monday.
Empire State manufacturing index drops in November
Manufacturing activity in the New York jurisdiction unexpectedly deteriorated in November, according to a survey released on Monday.
Bundesbank says German economy stalling or shrinking
Germany's economy is stagnating or contracting as restrictions to contain the second wave of Covid-19 hit the leisure sector and exports, the Bundesbank said.