Political News
Credit Suisse advises clients to move assets out of UK - report
Credit Suisse has advised its ultra-wealthy clients to shift their assets out of their UK and should “accelerate plans” to do so before Brexit, according to a report.
Ministers ponder options as May warns against new Brexit poll
Rival Brexit plan alternatives continued to be floated by Cabinet ministers on Monday as Prime Minister Theresa May desperately tried to avoid the prospect of a second referendum.
China and US go head-to-head at WTO meeting
The US and China sparred again over their respective trade policies at a World Trade Organisation meeting in Geneva at the start of the week.
Mass restaurant closures in UK as consumers tighten belts
Restaurant closures are hitting “epidemic levels” in the UK as Brexit uncertainty, a rise in business rates and the rise of street food weigh on consumer spend on food.
North Korea threatens to delay deneuclarisation over US sanctions
North Korea warned on Monday that US sanctions were a “deliberate provocation” that could block the denuclearisation of the peninsula.
Italy optimistic that EU will accept revised budget
The Italian government is confident the European Commission will not impose sanctions over the revised budget plan agreed with populist leaders.
May sees 'no immediate breakthrough' on Brexit deal at summit
British Prime Minister Theresa May said she did not expect an immediate breakthrough on her troubled Brexit deal at the European Council summit in Brussels.
EU court backs cities' challenge on pollution limits
A European Union court ruled on Thursday that the European Commission's 2016’s decision to raise the limits of nitrogen oxide vehicle emissions in cities such as Paris Brussels and Madrid was illegal.
China's economic growth impetus will be reigned in next year
China will keep its economic growth within a reasonable range in 2019 as the government tries to promote a steady growth, Beijing said on Thursday.
Second Canadian arrested in China as Huawei row rumbles on
The Chinese government confirmed it had detained another Canadian, citing a threat to national security.
Italy PM Conte seeks budget breakthrough as Salvini repositions on EU
Italian Prime Minister Giuseppe Conte is seeking to present revised budget figures in order to end a deadlock with the European Commission in a meeting on Wednesday, a source told Reuters.
Germany willing to extend EU rights to UK banks to avoid disorderly Brexit
Germany is attempting to avoid a disorderly Brexit that will generate market turmoil in Europe by offering a last minute lifeline to UK banks and allowing them to maintain their EU rights after the divorce.
One third of government's expenditure goes to external suppliers
The UK government spends around one third (£284bn) of its total budget with private companies and could risk being unable to abandon current procurement arrangements even if politicians so wished, a new report has found.
EU considers measures to curb CO2 emissions from vehicles
The European Union is trying to reach a compromise on how harsh measures to curb CO2 emissions from vehicles should be to reach 2030 targets.
Google CEO denies bias against right-wing in Congress testimony
Google chief executive Sundar Pichai testified before the House judiciary committee on Tuesday, where he committed to removing search results that violated hate-speech policies.
Parliament's delayed Brexit vote to come before 21 January
Ministers will have their opportunity for a ‘meaningful vote’ on Theresa May’s Brexit deal before 21 January, Downing Street confirmed on Tuesday.
Trump concerned about 'real possibility' of being impeached
US President Donald Trump is reportedly concerned there is a “real possibility” he could be impeached once Democrats take the House of Representatives, CNN said on Monday.
Italy ready to compromise with EU at 2% deficit target
Italy could be ready to bring down its deficit target to 2% as the European Commission would be willing to accept an increase in Italy’s deficit to 1. 95% for next year.
Trade talks between China and US ongoing, Beijing says
Trade talks between Washington and Beijing are ongoing at the highest level, despite the recent detention of a top Chinese business executive.
May pulls Commons vote on Brexit deal
Prime Minister Theresa May called off a crunch vote on her Brexit deal in Parliament set for Tuesday after it became obvious that it would result in a massive defeat which some observers said might even destabilise her government.