Political News
Trump threatens to quit WTO if it doesn't 'shape up'
US President Donald Trump told Bloomberg in an interview on Thursday that he would withdraw from the World Trade Organization unless it "shapes up" and treats the US better.
China refuses United Airlines' workaround to not list Taiwan as part Asian giant
The Chinese foreign ministry has heavily criticised what it claimed was an attempt by United Airlines to work around Beijing's request that foreign carriers list Taiwan as part of Chinese territory on their websites.
White House counsel faces autumn exit after Mueller probe cooperation
White House lawyer Don McGahn will leave his role in the autumn according to President Donald Trump, with the administration reportedly concerned by his level of cooperation with the Mueller investigation.
Trudeau warns 'no NAFTA deal is better than bad deal' for Canada
Canadian Prime Minister Justin Trudeau said late on Wednesday that although Canada had entered into negotiations for a new North American Free Trade Agreement with Mexico and the US, he would walk away from the talks if the deal doesn’t align with Canada’s best interests.
Commodities: WTI futures climb after inventory data, Iran threat on nuclear deal
Energy and agriculture futures racked-up big gains, with the former boosted by a set of 'bullish' figures on weekly US oil inventories and a threat by Iran that it might leave the nuclear deal that it signed up to in 2015.
French fishermen attack British ships in scallop row
French fishermen's have been accused of endangering the lives of British sailors with smoke bombs, rocks and other projectiles in a row over scallops.
UK launches £92m navigation satellite to rival EU's Galileo
The UK government said on Wednesday it is launching a study to design the new navigation satellite programme that will rival the EU’s Galileo post-Brexit at a cost of around £92m.
Venezuelan govt takes temporary control of Smurfit subsidiary, detains 2 employees
Corrugated packaging company Smurfit Kappa said the Venezuelan government has taken control of its business in Venezuela for 90 days and detained two of its employees.
UK and EU negotiators push back October Brexit deadline
The UK and the European Union are set to announce that the deadline for reaching a Brexit deal has been pushed back from October to November as it is now unlikely that an agreement can be reached before, Bloomberg reported on Wednesday.
London house prices to fall with crash possible, poll finds
London house prices will fall this year and next and will drop sharply if the UK leaves the EU with no deal, a poll predicts.
Downside for United Utilities now limited even if nationalised, Citi says
Analysts at Citi sounded a 'bullish' note on three of the UK's listed utilities, telling clients the trio's improved fundamentals were starting to show through, despite the heightened political uncertainty in the UK.
Grant Thornton fined £3m over audit misconduct
The accounting regulator has fined Grant Thornton £3. 0m for misconduct over the firm’s audits of Nichols and Salford University.
House of Fraser to announce shut down of outlets, blames 'greedy landlords'
House of Fraser has criticised "greedy landlords" that won’t concede to new owner Mike Ashley’s attempts to reduce the price of rents to save 59 outlets.
Donald Trump accuses Google of rigging search results to show just 'fake news'
US President Donald Trump has accused Google of "rigging" the search results obtained through its search engine in order to make him look bad and only show "fake news".
Japanese companies despair at Brexit confusion
Japanese companies with operations in Britain are nonplussed by the UK government’s approach to Brexit as the deadline for leaving the EU nears, the Financial Times reported.
Theresa May says no-deal Brexit 'not the end of the world'
UK Prime Minister Theresa May said on Monday that a no-deal Brexit "wouldn’t be the end of the world", in what some observers said was an attempt to downplay the warning issued by Chancellor Philip Hammond during the previous week.
WTO chief warns of potential trade disruptions under no-deal Brexit
The World Trade Organization has warned the UK of possible trade disruptions under a no-deal Brexit scenario for the simple reason that there was not enough time beforehand to agree on tariffs and quotas with other WTO members.
ScottishPower to increase standard variable gas and electricity prices
ScottishPower will increase its standard variable prices for domestic gas and electricity from 8 October this year.
British Airways and Air France-KLM to suspend flights to Iran amid US sanctions
Two of Europe’s biggest airlines have announced they would suspend their services to Iran claiming they are no longer commercially viable due to the latest US sanctions.
Morrison becomes Australia PM after Turnbull knifed by Liberals
The political infighting that had paralysed Australia's governing Liberal Party finally claimed the scalp of Prime Minister Malcolm Turnbull on Friday as Scott Morrison became the country's sixth leader in eight years.