Political News
UK to slam door on non-English speakers, unskilled workers
The UK government on Wednesday unveiled plans to close its borders to unskilled workers and non-English speakers as part of its new immigration policy.
EU competition commissioner open to US taking stake in Nokia, Ericsson
The European Union’s competition chief left the door open to the possibility for the US government to take a stake in the top 5G players on the continent, Nokia and Ericsson.
US consumer confidence continues to improve in January
The most closely-followed gauge of US consumers' spirits continued rising in early February, coming within a whisker of its highest level in the current 11-year long economic expansion.
Zuckerberg 'happy' for Facebook to pay more taxes in Europe
Facebook founder and CEO Mark Zuckerberg said on Friday that he accepts that tech giants should pay more tax in Europe.
William Barr claims Trump's tweets make job 'impossible'
US Attorney General William Barr said that President Donald Trump "undercuts" him and makes it “impossible” for him to do his job by tweeting.
Javid quits as UK finance minister, replaced by Rishi Sunak
Sajid Javid resigned as UK finance minister after Prime Minister Boris Johnson demanded he fire his advisers as Downing Street sought to seize control of economic policy from the Treasury.
Spain welcomes post-Brexit negotiations to address Gibraltar status
Spain’s foreign minister Arancha González has welcomed post-Brexit talks with the UK and said it was an “incredible opportunity” for the countries to discuss the status of The Rock.
Indivior warns of annual loss as Suboxone sales plunge
Indivior warned it would suffer a loss this year after collapsing sales of its controversial Suboxone opioid-addiction treatment caused profit to fall more than a third in 2019.
Johnson eliminates dissenters from Cabinet in reshuffle
Prime Minister Boris Johnson eliminated dissenters from his Cabinet in a reshuffle on Thursday as he fired Andrea Leadsom as Business Secretary and the popular Julian Smith from the Northern Ireland portfolio.
Bonds: 'Hunt for yield' pushes 10-year Greek debt below 1% for the first time
These were the movements among some of the most closely-followed 10-year sovereign debt yields:.
BP sets net zero targets for 2050 and plans reorganization to deliver
BP set a new ambition on Wednesday, to become a net zero company by 2050 or sooner and is planning a restructuring to deliver on that commitment and become a more focused and integrated company.
Nissan seeks $90m damages from former boss Ghosn
Nissan is suing its fugitive former chairman Carlos Ghosn for $90. 0m, the Japanese car giant announced on Wednesday.
Number of new coronavirus cases in China slips on Tuesday
The World Health Organisation's latest update on the new China coronavirus, published on Tuesday, appeared to show a further slowdown in the number of new cases in the Asian giant and globally, with those in the former slipping from 3,073 on Monday to 2,484 on Tuesday.
UK set to impose post-Brexit trade barriers and diverge from EU sanctions
The UK government is set to disrupt business in the country and for companies operating in Europe as it plans to diverge from the European Union’s sanctions regime and impose trade barriers post-Brexit.
Government gives green signal to HS2 rail link
The government has decided to go ahead with the HS2 link for high-speed rail between London, the Midlands and northern England after months of uncertainty over the £106bn project.
Senior Chinese government officials fired over coronavirus crisis
The Chinese government “removed” several senior officials from their posts over the way they dealt with the new deadly coronavirus outbreak that has killed over 1,000 people already.
Sinn Féin declares victory in Irish elections
Sinn Féin has managed to secure a victory in Ireland’s general elections and requested talks with rivals Fine Gael and Fianna Fáil to form a coalition government.
'Brexit is done but UK equities are not,' says Jefferies
Analysts at Jefferies sounded a 'bullish' note on UK equities, telling clients that "Brexit is done but UK equities are not".
KPMG reports rise in UK companies collapsing into administration
Accountancy firm KPMG released a report on Monday claiming that the number of UK businesses that were collapsing into administration was on the rise.
Coronavirus helps push China inflation to eight-year high
Inflation in China has surged to an eight-year high, after the coronavirus outbreak disrupted supply chains and households scrambled to stock up on essentials.