Fidelity Top Stories
Trump and Google grant Huawei small respite
Trump and Google granted Huawei some temporary relief after the former had threatened on Monday to ban US corporates from doing business with the company.
BP chairman warns 'world is on an unsustainable path'
BP’s chairman acknowledged in the Financial Times on Tuesday that the world’s energy consumption is on “an unsustainable path”.
Thomas Cook under pressure as payments intermediary seeks to hold onto cash
Shares of Thomas Cook are coming under continued selling pressure at the start of the week, at least in part after Sky News reported that a payments intermediary in Scandinavia was negotiating holding onto holidaymakers' cash for several weeks instead of two days.
Google to curtail Huawei's Android access after US blacklisting
Google has restricted mobile phone giant Huawei from some features of its Android operating system following the Trump administration's blacklisting of the Chinese outfit.
'People are starting to worry' about Labour government, RBS chair says
RBS chair Howard Davies told Bloomberg TV on Friday that “people are starting to worry” about the policies that a potential government led by Labour’s Jeremy Corbyn might pursue.
White House postpones decision on auto and parts tariffs for 180 days
President Donald Trump has postponed its decision on whether to impose tariffs on imports of automobiles and parts by six months to allow time for negotiations to continue with the country's main trading partners.
US consumer sentiment hits 15-year high in May, UofM says
Americans were in much more buoyant spirits than believed in early May, although the potential impact on sentiment from the breakdown in trade talks between the US and China had yet to be seen, according to the results of a closely-followed survey.
BofA cuts 2020 UK GDP forecast on prolonged Brexit uncertainty, US-China trade war
Economists at Bank of America-Merrill Lynch cut their forecasts for the rate of growth in Britain's economy for this year and next, predicting that the uncertainty around Brexit will last for longer and that the US-China trade war will escalate.
Pound dips as Theresa May promises to provide timeline for stepping down
Sterling is coming under renewed selling pressure after the Prime Minister took a major step on Thursday towards standing down.
Trump declares national emergency and bans Chinese telecoms
Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.
Weekly US jobless claims surprise to the downside
Perhaps the most closely-followed lead indicator of joblessness in the US surprised to the downside on Thursday.
European Commission fines five banks €1bn for market rigging
Five major banks have been fined a total of €1. 07bn by the European Commission on Thursday due to foreign exchange market-rigging that took place from 2007 to 2013.
White House may postpone car tariffs for as many as six months
The White House may postpone the launch of tariffs on US imports of automobiles and car parts for as much as half a year.
BoE questioned wisdom of criminal charge against Barclays
The Bank of England warned prosecutors that criminal charges against Barclays could destabilise the bank, the Financial Times reported.
Economists puzzled by unexpected dip in US retail sales for April
US retail sales dipped unexpectedly last month, amid weak outturns for those of motor vehicles and parts, electronics and building materials, leaving some economists scratching their heads given the recent strength in the closely-watched weekly retail sales surveys from Redbook.
UK faces risk of rising US-style inequality
Britain risks imitating the rise in inequality seen in the United States which could weaken democracy as differences in income, education and health rise, a Nobel Prize-winning economist said on Tuesday.
Vodafone cuts dividend, full-year EBITDA as expected
Vodafone rebased its full-year dividend to €0. 09 from €0. 15 for the 2018 fiscal year, implying a final dividend of €0. 04, even as it announced its decision to go live with its 5G technology in the UK from 3 July.
Trump wages war of words after Beijing ups tariffs
Donald Trump continued his war of words with China on Tuesday, with a series of tweets claiming tariffs had rebuilt America’s steel industry and criticising Beijing for walking away from a deal.
UK Brexit negotiator seeks changes to future EU relations - report
Britain's chief Brexit negotiator was reportedly travelling to Brussels on Tuesday to discuss changes to the political declaration on the UK's future relationship with the EU.
WhatsApp urges users to update following cyber attack
WhatsApp has urged users to update to the latest version of the app after finding that hackers have been able to exploit a vulnerability and install surveillance software through the messaging app.