Political News
US Congress to block trade deal with UK if Irish peace compromised
American congressmen and diplomats warned that it would block any US-UK trade deal after Brexit if the divorce with the European Union affected the Irish border, putting the peace in Northern Ireland at risk.
Giffgaff fined £1.4m for overcharging mobile customers
Ofcom has fined Giffgaff £1. 4m after an investigation found a billing error that led to the network overcharging 2. 6m users over an eight-year period.
US PCE inflation undershoots forecasts in June
US personal income and spending growth edged past forecasts in June, but price pressures were a tad more muted than anticipated by economists.
UK to attempt to negotiate new Brexit deal with EU
UK Prime Minister Boris Johnson will press the European Union in an attempt to negotiate a new Brexit deal before 31 October his office said on Tuesday.
China claims it has increased US soy imports
Chinese state media said on Sunday that the Asian country had purchased several million tonnes of US soybeans since 28 June, when Donald Trump and Xi Jinping met in Osaka, although those volumes had yet to show up in US government data.
Barclays and RBS among banks facing lawsuit over forex-rigging
Barclays, Citigroup, Royal Bank of Scotland, JPMorgan, UBS and Japan’s MUFG face a civil lawsuit in London over forex-rigging deals.
Pound slides as Boris Johnson pledges fresh Brexit negotiations
Boris Johnson on Monday pledged to "go the extra thousand miles" to seek an exit deal with the European Union, even as government preparations for a no-deal Brexit sent the pound to fresh lows.
Vauxhall considers moving Astra production out of Britain
Vauxhall owner PSA said on Monday that it could move Astra production out of the Ellesmere Port factory in the UK if its profits are hurt by Brexit.
Sánchez vows to avoid elections despite parliamentary ballot defeat
Acting Spanish Prime Minister Pedro Sanchez vowed to avoid a new general election and will work towards a coalition after he failed to gain support from MPs twice this week.
Javid appointed UK finance minister in Johnson's brutal reshuffle
Sajid Javid was appointed Britain's new finance minister on Wednesday as Boris Johnson sacked half the Cabinet and installed one of the most right wing administrations in decades.
Boris Johnson becomes UK PM with pledge to deliver Oct 31 Brexit
Boris Johnson took over from Theresa May as prime minister on Wednesday and swiftly pledged to deliver Brexit on October 31 with or without a deal.
UK's Hammond quits as finance minister
Britain's Finance Minister Philip Hammond quit his post on Wednesday as expected, and before Boris Johnson arrival at Downing Street as prime minister.
US and China expected to rekindle trade negotiations
United States negotiators are expected to travel to China next week, it emerged on Wednesday, as the two nations re-enter discussions for another attempt to end their long-running trade war.
IMF lowers global growth forecasts on trade, Brexit concerns
The International Monetary Fund (IMF) cut growth forecasts for the global economy for this year and next as it warned that an escalation of the China-US trade war or a hard Brexit could harm it further.
Boris Johnson elected Conservative Party leader; will become new PM
Boris Johnson was on Tuesday elected leader of the Conservative Party and as a result will become prime minister, replacing Theresa May.
Next PM must 'act fast' to get UK economy on track, says CBI
The Confederation of British Industry has urged the next Prime Minister to "act fast" to get the stalled economy back on the path of growth in a business manifesto released on Monday.
CBI accuses Ofgem of not prioritising climate emergency
UK energy regulator Ofgem was on Monday accused by a leading business lobby group of failing include climate change when considering policy goals.
UK's Alan Duncan quits as Foreign Office minister
UK Foreign Office minister Alan Duncan resigned on Monday before the probable installation of Boris Johnson as prime minister, joining other senior government members who said they would not serve under the leadership favourite.
UK may already be in recession as Brexit crisis continues - NIESR
The Brexit crisis may have tipped Britain into a recession, a report by a leading think tank stated on Monday.
Sadiq Khan calls for overhaul of tenancy laws in London
Sadiq Khan is set to demand an overhaul of tenancy laws in a bid to control the capital's rental market as part of his 2020 re-election campaign.