Economic News
Mattis takes aim at Chinese expansionism in Beijing visit
China’s military expansionism will be met with a "medium tough" message from US defence secretary James Mattis during his three-day visit to Beijing this week.
US trade deficit narrows unexpectedly as exports continue to climb
America's shortfall in its trade on goods with the rest of the world shrank last month as exports continued to climb.
US durable goods orders decline in May
Orders for goods made to last more than three years held-up better-than-expected last month, although weakness broadened out from that seen in the transportation sector two months ago.
FCA raises fresh concerns about overdraft fees
The Financial Conduct Authority has raised fresh concerns about how overdraft fees pay for current accounts and suggested tougher action could be in store.
UK retailers' sales recovery continues as sales surge in June
Sales at larger UK retail chains have surged much higher than expected this month, providing more evidence of a recovery from the weather-affected first quarter.
BoE calls on Brussels to do its bit to reduce Brexit risks
The Bank of England has called on the EU to match the UK's actions to deal with continuing risks of disruption to financial services from Brexit.
Uber wins 15-month probationary licence to operate in London
Ride-hailing app operator Uber has managed to secure a 15-month licence to work in London after it impressed the judge with big improvements to its practices, but remains 'on probation' with a strict set of conditions to obey.
UK unions join businesses in call for urgency in Brexit negotiations
Union and business leaders in the UK and Europe have joined together to demand “measurable progress” from Brexit negotiations this week, with Britain's economic interests, people’s jobs, rights and livelihoods to be put first.
UK house price growth slows to five-year low in June - Nationwide
House prices in the UK rose at their slowest annual rate in five years in June amid subdued economic activity and squeezed household budgets, according to the latest survey released by mortgage lender Nationwide.