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Luigi Di Maio, leader of Italy’s 5-Star movement, one of two parties in the coalition government, resigned on Wednesday, revealing divisions within the party and stoking political tensions.
Tensions between London and Washington were growing on Wednesday after the US threatened to impose retaliatory tariffs if the UK introduced a tax on technology companies.
The far lower mortality rate of the new coronavirus identified in the Chinese city of Wuhan means that it is unlikely to have anywhere near the significance for the US economy of the outbreak of Severe Acute Respiratory Syndrome in 2003, Capital Economics said.
German economic sentiment has surged to a near five-year high, research published on Tuesday showed, as trade tensions between China and the US began to thaw.
UK business leaders urged the government to clarify its negotiating aims for the next stage of Brexit talks so they can prepare for a new relationship with the European Union.
The world's economic watchdog offered a less glum view of economic prospects, but said that many risks remained and that were still few signs of a turning point in the data.
Officials from the European Union warned businesses to “prepare for the worst” after UK Chancellor Sajid Javid's announced that the UK would diverge from EU rules after Brexit.
Brussels's Brexit spokesman said on Friday that the UK had ruled out the option of automatically deporting citizens from the European Union that did not apply for settled status after Brexit.
Homebuilding activity in the States blew the doors of economists' forecasts in December, but economists were quick to point out that such strength was just not sustainable and some of the underlying data appeared to point in that direction too.
Top multinationals such as BMW, Microsoft and Apple called on the European Union to prevent patent trolls that buy patents to make a profit through licences or lawsuits.
A key lead indicator for the US manufacturing sector got off to a flying start in 2019, although the details of the survey were perhaps not quite as strong as they appeared to be at first glance.
Shares of Morgan Stanley hit their best levels since late 2007 and overtook those of Goldman Sachs on the back of a fourth quarter surge in sales from fixed income trading.
Retail sales in the US grew more quickly than expected last month, although according to some economists, the details of the report pointed to household spending coming off the boil.
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to figures released by the Labor Department on Thursday.
