Political News
Tearful May says she will quit on June 7
A tearful Theresa May finally fell on her sword on Friday as she said she would quit office on June 7, having failed to secure agreement on her Brexit withdrawal deal.
UK voters head to the ballot box for the EU elections
UK voters are heading to the polls for the European Parliament elections and will give their verdict on the main parties' handling of Brexit with Conservative MEPs warn of a massive defeat.
China asks US to correct 'wrong actions' or trade talks won't continue
The Chinese Commerce Ministry said on Thursday that the US needs to correct its "wrong actions" if it wants trade talks to continue and put an end to the tensions.
CMA accuses drug firms of colluding to raise NHS prices by 700%
The Competition and Markets Authority (CMA) has accused four pharmaceutical firms of deliberately restricting the supply of an anti-nausea prescription drug, causing annual NHS costs for the drug to rise by around £4. 8m over a four year period.
Lloyds' Horta-Osório to face MPs on pension
MPs have called on Lloyds Banking Group's chief executive to face questions about controversial executive pension arrangements at the company.
US business group in China faces retaliation from escalating trade conflict
The top US business association in China said on Wednesday that half its members faced retaliation by the Chinese government following the escalation of the country's trade conflict with the US.
EE and Vodafone pull Huawei phones from 5G network launch
BT owned EE and Vodafone announced on Wednesday that they won’t offer phones from Huawei when they roll out Britain’s first 5G mobile network next week.
UN expert calls out Tory policies that led to 'systematic' UK poverty
UN poverty expert Philip Alston said in a report that the "ideological" cuts to public services in the UK since 2010 have led to "tragic consequences" and continue “largely unabated”.
Government to ban plastic straws, stirrers and cotton buds in England
In the latest move to fight ocean pollution, the UK government will introduce a ban on certain single use plastic items next year.
Trade war resolution looks distant as Xi calls for 'new Long March'
Chinese President Xi Jinping called on his nation's citizens to join him on a "new Long March" on Wednesday, a possible indication that Beijing could be preparing for its trade dispute with Washington to last for an extended period.
Canaccord reiterates 'buy' rating on IQE following Huawei's US ban
Analysts at Canaccord Genuity reiterated their 'buy' rating on British semiconductor company IQE on Wednesday, noting that their expectations for the group's revenues and earnings remained unchanged despite supply chain tremors caused by last week's US ban on Huawei and Tuesday's profit warning from Lumentum.
British Steel failure threatens thousands of jobs
British Steel will be placed into administration on Wednesday, putting 5,000 jobs directly at risk and threatening another 20,000 in the company's supply chain.
May to allow MPs vote on second Brexit referendum, pound rallies
The Prime Minister said in a speech on Tuesday that she will offer MPs a vote on putting her deal to a second referendum if it passes the first stage of voting in Parliament.
Hundreds of US footwear brands call for end to China trade war
A total of 173 footwear manufacturers, importers and retailers in the US have called on the US president to re-think his approach to the trade war with China, describing the recent tariff hike on imports from the People’s Republic as “catastrophic”.
Trump and Google grant Huawei small respite
Trump and Google granted Huawei some temporary relief after the former had threatened on Monday to ban US corporates from doing business with the company.
NGO criticises UK government welfare cuts, says children to go hungry
NGO The Human Rights Watch accused the government of carrying out welfare cuts that had seen tens of thousands of poor families left without food and thus failing in its responsibility to ensure adequate sustenance for its citizens.
Trump threatens to 'end Iran' as tensions escalate
Trump warned Iran to stop threatening the US and not to contemplate instigating a conflict or it would “end” the Islamic Republic.
Greenpeace blockades BP's global HQ
The global headquarters of BP has been shut down by Greenpeace, after the campaigning charity blockaded the oil giant’s west London office.
Liberal-National coalition scores surprise Australia election win
Australian Prime Minister Scott Morrison's Liberal-National coalition defied expectations over the weekend, beating out Bill Shorten's Labor Party in a shock federal election victory.
Google to curtail Huawei's Android access after US blacklisting
Google has restricted mobile phone giant Huawei from some features of its Android operating system following the Trump administration's blacklisting of the Chinese outfit.