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Political News
20 Oct
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EU unveils law for common phone charger in blow for Apple

The European Union on Thursday unveiled plans to make USB-C connectors the standard charging port for all smartphones, tablets and other electronic devices, in a move that will hit iPhone maker Apple.

20 Oct
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Novavax shares plummet on report of further delays in Covid-19 vaccine

Novavax's manufacturing problems may be more serious than previously thought and could hamper global efforts to fight Covid-19.

20 Oct
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Sunak to slash tax surcharge on bank profits - report

The chancellor Rishi Sunak plans to cut the surcharge on banks’ profits, it was reported on Wednesday.

19 Oct
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Government to link mortgages to green home improvements - report

The government wants to link mortgages to compulsory green improvements to homes, it was reported on Tuesday.

19 Oct
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Meggitt sees takeover completing in 2022 despite govt intervention

UK aerospace and engineering firm Meggitt said it still expected its £6. 3bn takeover by US rival Parker-Hannifin to complete next year despite a UK government intervention on national security grounds.

12 Oct
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UK govt departments face £2bn in spending cuts despite tax rises - IFS

UK government departments face deep budget cuts of more than £2bn even as Finance Minister Rishi-Sunak increases taxes to their highest peacetime level, a leading financial thinktank said on Tuesday.

04 Oct
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UK troops start fuel deliveries to ease driver shortage crisis

British military truck drivers have started delivering fuel to petrol stations as the nation continued to grapple with low supplies at forecourts.

28 Sep
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UK motorists drain petrol pumps as panic continues

UK motorists are continuing to panic-buy petrol leaving filling stations empty within hours of fuel arriving, the petrol station trade body said.

24 Sep
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UK agrees to relax visa rules for foreign truck drivers - report

British Prime Minister Boris Johnson has reportedly approved the relaxation of UK immigration rules to allow more foreign truck drivers into the country to ease shortages at petrol stations and wider economic disruption.

10 Sep
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US and Chinese presidents hold first direct contact since February

The US and Chinese presidents held their first direct conversations since February overnight on Thursday.

09 Sep
Credit Suisse upgrades Boohoo, says governments might ban Shein app

Analysts at Credit Suisse upgraded their recommendation for shares of Boohoo to 'outperform', telling clients that Western governments looked set to step in and "level up the playing field" against Chinese fashion retail app Shein.

08 Sep
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US job openings hit fresh record high in July

The number of job openings in the US hit a fresh record high in July despite slower hiring as Americans increasingly chose to 'quit' their current employment.

08 Sep
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Johnson faces Tory revolt over NI rises to pay for social care

UK Prime Minister Boris Johnson faces a potential revolt from within his own Conservative Party over plans to break a manifesto promise and increase National Insurance Contributions (NICs) to pay for social care reforms.

07 Sep
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Boris Johnson unveils £12bn tax rise for health and social care

Boris Johnson has announced a £12bn annual tax increase to fund higher health and social care spending that his critics said was unfair and inadequate.

18 Aug
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HSBC chairman says Sino-US relations moving to new status quo

HSBC chairman Mark Tucker sounded a hopeful note on US-China relations while doubling down on the lender's increasing focus on Greater China.

13 Aug
US consumer confidence hit hard by rise of Covid-19 Delta variant

The appearance of the Delta variant of Covid-19 hammered Americans's confidence at the start of August, the results of a closely-followed survey revealed.

30 Jul
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US consumer confidence slips in July amid higher prices, U.Michigan says

Americans were a bit less cheerful in July amid complaints about higher prices for homes, vehicles and household durables.

30 Jul
SEC halts China IPOs seeks to tighten guidance on risk disclosures

America's financial markets' watchdog has halted registrations for Chinese corporates seeking to list on US stock markets.

28 Jul
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Quarantine for vaccinated travellers from EU, US could be relaxed

Fully-vaccinated travellers from so-called ‘amber’ countries in the European Union, as well as the United States, could soon join jabbed British travellers in avoiding quarantine when they arrive in the United Kingdom.

26 Jul
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No breakthrough at latest US-China talks

Talks between top Chinese and US diplomats on Sunday and Monday reportedly ended in stalemate as China refused to budge on multiple foreign policy issues.