Political News
Intel to sell NAND memory operations to SK Hynix for $9bn
Semiconductor giant Intel has clinched a deal to hive away its NAND flash memory unit to South Korea's SK Hynix for approximately $9bn.
US business optimism surges in October, PMIs reveal
Most US corporates were in an unexpectedly buoyant mood in October, as reflected in the results of two closely-followed surveys.
Weekly US jobless claims surprise to the downside
Weekly jobless data in the States surprised to the downside with both initial and secondary claims retreating, alongside downwards revisions to the figures for the preceding week.
Coronavirus crisis widens inequality gap, reveals FCA
The Financial Conduct Authority revealed on Thursday that 12m UK adults are struggling to pay bills during the economic crisis caused by the coronavirus pandemic and that the financial inequality divide is widening.
US intelligence agencies accuse Iran, Russia of meddling in 2020 election
US Director of National Intelligence John Ratfcliff accused Russia and Iran late on Wednesday of trying to interfere with the 2020 US presidential election.
Sunak expands Covid job support scheme measures as cases rise
The UK government on Thursday unveiled an expansion of its furlough replacement scheme with the Treasury paying a greater share of workers’ wages to protect companies struggling under new regional Covid-19 restrictions.
US Senate's McConnell dials back opposition to stimulus, Treasury yields edge higher
The leader of the Republican majority in the US Senate dialed back on his opposition to a fourth government stimulus package.
Pound jumps as EU's Barnier says Brexit deal is within reach
The pound snapped higher in early trading after the European Union's chief Brexit negotiator told the European parliament that an agreement could be reached.
EU to back binding 'green' farming policies
Countries in the European Union have agreed on Wednesday to set aside part of the bloc’s farming policy budget for 'green' schemes that protect the environment.
Didi considering $60bn 2021 Hong Kong IPO
Chinese ride-hailing firm Didi Chuxing is considering the Hong Kong stock exchange for its initial public offering next year after discarding the option of a New York listing due to rising tensions between Beijing and Washington.
Brussels and London mull restarting Brexit talks - reports
Speculation is growing that London and Brussels are gearing up to resume stalled trade talks, despite prime minister Boris Johnson warning the UK to prepare for a no-deal Brexit.
DoJ to sue Google for abuse of dominant position in search services
America's Department of Justice is set to file an antitrust lawsuit against technology giant Google, alleging that it has been abusing its dominance in online search to stifle competition, resulting in harm to consumers.
UK claims Russia planned cyber-attack for Tokyo Olympics
UK’s National Cyber Security Centre together with US intelligence agencies revealed that the Russian military intelligence services were planning a cyber-attack on the Tokyo Olympics this summer.
Pfizer and BioNTech Covid-19 vaccine may be ready by late November
Pfizer and BioNTech's Covid-19 vaccine candidate could be ready for use by the end of November, the boss of the former company, Albert Bourla, said.
Unilever's UK shareholders approve move to London
More than 99% of Unilever shareholders have voted to end the conglomerate's dual nationality status and base its headquarters solely in London, a move that may pave the way for mergers and acquisitions activity.
Goldman bullish on oil and natural gas prices even if Democrats take White House
Goldman Sachs remains 'bullish' on the outlook for oil and natural gas prices, even in the event of a victory for Democratic party candidate Joe Biden at the next US Presidential election on 3 November.
Pub sector seeking judicial review of new lockdowns
The hospitality sector is considering legal action against proposed new Covid-19 lockdown rules, which could see pubs, bars and other nighttime venues close once again.
HSBC targets net zero emissions by 2050 with $1trn in financing
HSBC is set to target net zero carbon emissions by 2050 at the latest and is expected to provide between $750bn and $1trn in financing to help clients make the change.
UN World Food Programme wins Nobel peace prize
The UN’s World Food Programme was awarded the nobel peace prize this year for its efforts to combat famine around the world and improve conditions for peace in wartorn areas.
Spain decrees 'state of alarm' in Madrid and nine other cities
Spain's government has decreed a partial 'state of alarm' covering the country's capital, Madrid, and nine other cities.