Political News
May to press Putin over Salisbury attack at G20
UK Prime Minister Theresa May will press Russian President Vladimir Putin at the G20 summit in Osaka over the need to bring the attackers in the Salisbury poisoning to justice.
FAA finds new issue with Boeing 737 Max
United Airlines extended its ban on the use of the Boeing 737 Max after US aviation regulator the FAA detected a potential new flaw in the airplane's design.
US and China agree to trade truce ahead of G20 meeting, says report
The United States and China have agreed to a trade truce ahead of a meeting between the leaders of the two nations at the G20 summit in Osaka this weekend, according to a joint report from Politico and the South China Morning Post on Thursday.
Trump attacks EU for sanctions on US tech companies
US President Donald Trump attacked the European Union for taking action against US tech companies such as Google and Facebook over antitrust issues.
European Commission opens antitrust investigation into Broadcom
The European Commission has opened a formal antitrust investigation into Broadcom in order to assess whether it is restricting competition through exclusivity practices, in breach of EU rules.
Chinese hackers compromised eight tech services giants, Reuters says
Cyber-criminals working for China's Ministry of State Security have broken into the networks of eight of the world's largest technology businesses in order to raid them for secret client information, according to a report from Reuters.
No-deal Brexit concerns growing, Carney tells MPs
Market expectations of a no-deal Brexit are on the rise, the Governor of the Bank of England has warned MPs.
JP Morgan Irish arm hit with €1.6m fine
The Irish subsidiary of US banking giant JP Morgan Chase & Co has been fined nearly €2m for regulatory breaches.
US goods trade deficit widens unexpectedly in May, imports higher
America's shortfall in trade on goods with the rest of the world widened last month as imports rose more quickly than expected, contrary to expectations for declines in both exports and imports.
White House may suspend plans for next round of trade tariffs
Washington may not go ahead with another round of levies on Chinese exports while the two capitals are preparing to resume trade talks.
Zoo Digital's shares dive after margins slashed
Zoo Digital's shares slid on Wednesday after it reported a drop in EBITDA margins, though it swung to an annual profit after revenues edged up, despite the disruption after losing a project in the second half of the year.
Ikea gets permission to build 163 affordable homes in UK
The council of Worthing granted Swedish furniture company Ikea permission to build 162 affordable flats in a joint-venture with construction firm Skanska.
Rio Tinto no longer blacklisted by Norwegian wealth fund
Norway’s $1tn wealth fund has removed UK miner Rio Tinto and retailer Walmart from its blacklist, possibly paving the way for future investments in both companies.
US consumer confidence falls back in June on Mexico tariff fears
US consumer confidence took a big hit in June and inflation expectations soared, according to the results of a widely-reported survey, likely due to the impact on sentiment from the White House's announcement of tariffs on Mexican exports.
Trump hits Iran's supreme leader with latest sanctions
America's campaign of “maximum pressure” on Tehran continued on Monday as President Donald Trump signed an executive order imposing new sanctions on Iranian officials, including the country's supreme leader, Ayatollah Ali Khamenei,.
Labour plans to give BoE more power to tackle climate change
The UK's main Labour opposition party said it would give the Bank of England powers to intervene more directly in tackling climate change.
Soros leads call from billionaires for introduction of wealth tax
Billionaire investor and philantropist George Soros is leading a call from other billionaires and heiresses including Regan Pritzker and Abigail Disney to have the government introduce a "moderate" tax on wealth in order to address income inequality, climate change and public health issues.
Trump attacks Federal Reserve for not cutting rates
Donald Trump has taken another swipe at the Federal Reserve, claiming that the Dow Jones Industrial Average could have been “thousands of points higher" if the central bank had not ‘blown it’.
Trump warns of further 'major' sanctions on Iran
US President Donald Trump said he would impose further sanctions on Iran as soon as Monday, although there may not be much left to target.
Fossil fuels power less than half of UK electricity for the first time
Clean energy sources are set to overtake fossil fuels as the top UK electricity generator this year for the first time since the industrial revolution.