Economic News
May's Brexit deal crushed by majority of 149
British MPs sank Theresa May's Brexit deal for a second time by an emphatic 149 votes as the prime minister conceded to a free vote on Wednesday on whether the UK should leave the European Union without a deal.
Boeing shares fall 7% as more carriers ground the 737 Max 8 jets
Boeing shares fell 7% on Tuesday, adding to the 5% it dropped on Monday, after more countries joined China and Indonesia in the grounding of the 737 Max 8 jet after the Sunday crash in Ethiopia that took the life of all its 157 passengers.
May's Brexit deal set to fail as Brexiters 'wholly unconvinced'
Theresa May's deal looks likely to be struck down in the House of Commons on Tuesday evening after the influential European Research Group of Brexiter Tory MPs openly refused to back it.
News Corp calls for Google to be broken up due to its 'overwhelming' power
Media giant News Corp told an Australian inquiry on Tuesday that Google’s search engine and its advertising platform should be separated to restore some balance among media companies.
Algerian economy braced for bumpy ride as political unrest mounts
The Algerian economy is set to suffer, regardless of how the current political unrest plays out, according to Capital Economics.
Crystal Amber calls for removal of Northgate chairman
Activist investor Crystal Amber has called a shareholder meeting to remove Northgate chairman Andrew Page, blaming the vehicle rental company's multiple profit warnings and declining shareholder returns.
NFIB optimism index ticks up in February but misses expectations
Small business sentiment in the US improved less than expected in February, according to the National Federation of Independent Business.
US-China negotiators plan next steps for trade deal
Chinese Vice-Premier Liu He and his US counterparts continued negotiations for a US-China trade agreement by phone on Tuesday morning, according to Chinese state-run news agency Xinhua.
Elon Musk's lawyers accuse SEC of 'unprecedented over-reach'
Elon Musk’s lawyers accused the Securities and Exchange Commission late on Monday of “unprecedented over-reach” and said the regulator was infringing on the Tesla boss's first amendment rights by seeking to hold him in contempt of court.
GDP bounces back in January despite construction sector weakness
The UK economy rebounded in January, as the underlying strength of the services sector helped offset weakness in construction and production.