Political News
China threatens with its own blacklist of firms after Huawei ban
In its latest retaliation against the US after it blacklisted Chinese tech company Huawei, China said on Friday that it would establish a list of so-called “unreliable" entities that harm national companies.
Huawei forbids employees from meeting US contacts
Huawei has ordered employees to cancel technical meetings with US contacts as tensions with the US administration reach an all-time high.
CBI warns Tory candidates of 'severe' damage from no-deal Brexit
Conservative Party leadership candidates should rule out a no-deal Brexit, a major business lobby group said on Friday.
Trump announces 5% tariffs on all Mexican imports
In a move that compromises yet another major trade deal, Donald Trump revealed on Thursday that he would be applying a 5% tariff on all imports from Mexico in order to pressure America's southern neighbours into cracking down on Central American migrants trying to cross the border.
UK car manufacturing halves in April due to Brexit-related shutdowns
UK car production nearly halved in April with 56,999 fewer units built as factories across the country were shut in anticipation of the original date for Brexit.
'National interest trumps the party interest,' Chancellor says
The Chancellor warned the candidates to replace Prime Minister Theresa May as leader of the Conservative party against a no-deal Brexit and irresponsible spending.
De La Rue boss to depart after losing UK post-Brexit passport gig
UK banknote printer De La Rue announced on Thursday that Martin Sutherland had agreed with the Board of the company to step down as Chief Executive Officer and as a Director of the Company.
Trump wants deal with UK post-Brexit
US President Donald Trump wants to strike a trade deal with the UK post-Brexit his ambassador to London, Woody Johnson said on Wednesday.
Ethiopian Air pilot warned of Boeing 737 Max dangers before crash
An Ethiopian Airlines pilot told senior managers of his concerns about Boeing 737 Max jets months before the fatal crash that claimed he lives of all 149 passengers and eight crew on board earlier in the year.
US refrains from labeling China a currency manipulator
The US Treasury Department passed on the chance of labeling China a currency manipulator on Tuesday.
Bercow vows to stay on as Speaker in blow to Brexit hardliners
House of Commons Speaker John Bercow rejected suggestions he would leave his post in the summer, in a move bound to outrage hardline Eurosceptics keen on a no-deal Brexit.
Boots may consider closing up to 200 underperforming stores
Boots review of its stores may lead to the closure of more than 200 underperforming shops over the next two years.
Gove promises free UK citizenship for 3.0m EU nationals if he becomes PM
Michael Gove is set to announce on Tuesday a pledge to grant free British citizenship for 3. 0m EU nationals and to abolish the need to prove settled status after Brexit if he replaces Theresa May as Prime Minister.
US not ready to strike trade deal with China
Donald Trump said on Monday that the US is not ready to make a trade deal with China at a press conference alongside Japanese leader Shinzo Abe while on a state visit to Japan.
Tax system and benefits helps reduce UK inequality - IFS
A new study by the IFS found that the UK tax system helps reduce inequality but benefits are still doing much of the work in redistributing from rich to poor.
European elections: Pro-EU parties hold their ground against far-right
An alliance of pro-EU parties held their ground across the continent on the Sunday elections as massive boosts for Greens and Liberals kept the far-right anti-establishment gains at bay.
EU elections: Brexit party and Lib Dems celebrate as Tories and Labour crushed
A strong Brexit party and a revival of the Liberal Democrats crushed the Tory and the Labour parties at the European elections which poses a new threat to the Conservative government and the Brexit negotiations.
BoE watches UK mortgage war 'like a hawk'
The Bank of England is watching the battle between UK mortgage lenders like a hawk, its chief supervisor said as he also warned about the growth of leveraged loans.
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.