Economic News
Barclays to move 50 UK jobs to Frankfurt ahead of Brexit
Barclays is planning to move roughly 50 UK investment banking roles to Frankfurt to continue its business within the European Union after Brexit.
7,000 UK estate agents risk going insolvent
More than 7,000 UK estate agents are showing signs of financial distress and could risk following the path of 153 estate agents who went insolvent in 2017, a new study has found.
Merkel faces crisis as interior minister offers to resign over migration battle
Germany's political landscape has become clouded by uncertainty after the country’s interior minister, Horst Seehofer, tendered his resignation after a showdown with Chancellor Angela Merkel over immigration.
US manufacturing activity picks up in June - ISM
Growth in the US economy's manufacturing sector unexpectedly picked up in June, according to data from the US Institute for Supply Management.
May's new Brexit customs proposal incites scepticism on both sides
Downing Street plans to reveal a new model for a post-Brexit customs relationship by the end of this week, though early indications have produced scepticism from both European Union officials and Eurosceptic MPs.
Euro area unemployment surprises to the downside in May
Unemployment within the single currency bloc was lower than expected over the past three months, thanks to declines in Italy and Spain, alongside downwards revisions to prior months' data.
Trump reignites trade war threats, says Europe is 'as bad' as China
US President Donald Trump has indicated further trade skirmishes are possible with the European Union, saying the bloc is “as bad” as China regarding their dealings with America.
UK manufacturing growth ticks up in June but still subdued
Growth in the UK manufacturing sector ticked a little higher in June but remained relatively subdued, according to data released on Monday.
China Caixin factory sector PMI edges lower in June
A closely-tracked gauge of economic activity in China eased a tad in June, pointing to slightly slower growth in the Asian giant on the back of slower credit growth and trade tensions, economists said.