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Political News
17 May
Carolyn Fairbairn CBI
CBI chief: 'Every day without a Brexit deal is corrosive for UK business'

Carolyn Fairbairn, the chair of the country's largest business lobby, urged MPs to do whatever it takes to resolve the Brexit “gridlock”.

17 May
rbs-creuse-ses-pertes
'People are starting to worry' about Labour government, RBS chair says

RBS chair Howard Davies told Bloomberg TV on Friday that “people are starting to worry” about the policies that a potential government led by Labour’s Jeremy Corbyn might pursue.

17 May
ep 2019 white house easter egg roll
White House postpones decision on auto and parts tariffs for 180 days

President Donald Trump has postponed its decision on whether to impose tariffs on imports of automobiles and parts by six months to allow time for negotiations to continue with the country's main trading partners.

17 May
dans-son-livre-beige-la-fed-estime-que-l-economie-americaine-continue-de-progresser
US consumer sentiment hits 15-year high in May, UofM says

Americans were in much more buoyant spirits than believed in early May, although the potential impact on sentiment from the breakdown in trade talks between the US and China had yet to be seen, according to the results of a closely-followed survey.

17 May
Bank of america
BofA cuts 2020 UK GDP forecast on prolonged Brexit uncertainty, US-China trade war

Economists at Bank of America-Merrill Lynch cut their forecasts for the rate of growth in Britain's economy for this year and next, predicting that the uncertainty around Brexit will last for longer and that the US-China trade war will escalate.

17 May
enquete-au-royaume-uni-sur-la-campagne-officielle-en-faveur-du-brexit
Sterling under pressure as cross-party talks collapse

Sterling was under pressure on Friday, dropping below $1. 28 for the first time since February as it emerged that Brexit talks between the government and the Labour party have collapsed, increasing the risk of the UK leaving the EU without a deal.

17 May
ep terminal t5aeropuertolondres heathrow ferrovial
Landing cards to be scrapped at UK border as soon as Monday

Non-EU arrivals to the United Kingdom won’t have to remember their pen from next week, with landing cards set to be scrapped.

16 May
theresa may brussels april 10 2019
May promises to set out departure date in June

UK Prime Minister Theresa May on Thursday agreed to set out a plan for her departure from office after another vote on the Brexit withdrawal deal in June.

16 May
Theresa May
Pound dips as Theresa May promises to provide timeline for stepping down

Sterling is coming under renewed selling pressure after the Prime Minister took a major step on Thursday towards standing down.

16 May
ep donald trump rompeacuerdoparis
Trump declares national emergency and bans Chinese telecoms

Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.

16 May
ep europachina- airbus firmachinapedido300 aviones valoradoma
Airbus considers acquiring Bombardier Belfast plant

Airbus CEO Guillaume Faury said on Thursday that the company was considering buying Bombardier’s Belfast wing production plant as the Canadian company is looking to offload the site.

16 May
UK High Speed 2
Lords urge re-think on controversial HS2 project

The House of Lords weighed in on the controversial HS2 high-speed rail project on Thursday, saying it would not offer value for money to the UK, and was at risk of “short changing” the North of England.

16 May
london bridge thames
London could face worker shortages due to Brexit visa restrictions

London could suffer from the tougher post-Brexit immigration rules with the City left facing a shortage of workers, said business lobby London First.

15 May
ep ford estudia crear una joint venture con mahindracesaroperaciones independientesindia
White House may postpone car tariffs for as many as six months

The White House may postpone the launch of tariffs on US imports of automobiles and car parts for as much as half a year.

15 May
prison-pour-quatre-ex-traders-de-barclays-dans-l-affaire-libor
BoE questioned wisdom of criminal charge against Barclays

The Bank of England warned prosecutors that criminal charges against Barclays could destabilise the bank, the Financial Times reported.

15 May
theresa may parliament commons jan16
May putting Brexit deal to vote in early June

UK Prime Minister Theresa May will next month put her premiership on the line as she tries to force her Brexit deal through parliament, even as MPs across the divide said they would vote in down for a fourth time.

14 May
en-recul-de-14-le-benefice-de-hsbc-a-baisse-moins-qu-attendu
JP Morgan reiterates 'underweight' for HSBC on trade war concerns

JP Morgan analyst Raul Sinha reiterated his 'underweight' stance on shares of HSBC, telling clients that the lender's valuation had yet to reflect the risk to revenues from trade concerns.

14 May
pound sterling fiver inflation spending
UK faces risk of rising US-style inequality

Britain risks imitating the rise in inequality seen in the United States which could weaken democracy as differences in income, education and health rise, a Nobel Prize-winning economist said on Tuesday.

14 May
eeuu usa american flag
US small business optimism creeps forward in April

Small business optimism improved throughout the month of April, increasing by 1. 7 points to 103. 5, with one index component falling, another unchanged and the remaining eight improving.

14 May
cb china trump trade
Trump wages war of words after Beijing ups tariffs

Donald Trump continued his war of words with China on Tuesday, with a series of tweets claiming tariffs had rebuilt America’s steel industry and criticising Beijing for walking away from a deal.