Political News

JP Morgan spies tactical opportunity in euro area equities, upgrades to 'overweight'
Strategists at JP Morgan sounded a tactically confident note on the outlook for euro area equities, citing investor positioning, the valuation discount versus stocks in the States, accelerating money supply growth and increased speculation around a possible fiscal stimulus package.

German class action gets underway against Volkswagen
A lawsuit involving around 470,000 owners of Volkswagen cars has got underway in Germany.
Some Thomas Cook customers will wait 60 days for refunds - CAA
Some Thomas Cook customers may have to wait for at least two months to receive a refund after the travel firm collapsed last week, the Civil Aviation Authority (CAA) said on Monday.

Iranian President claims US offered to remove sanctions in exchange for talks
Iranian President Hassan Rouhani on Friday claimed that Washington had offered to remove all sanctions on the Middle Eastern nation in exchange for talks.
Pound falls as BoE's Saunders says Brexit uncertainty may mean rate cut
The pound fell on Friday after a Bank of England policymaker said interest rates may need to be cut if high levels of uncertainty over Brexit persisted.

Canaccord anticipates more favourable winds for Lamprell
Analysts at Canaccord Genuity lowered their price target on oil rig construction business Lamprell from 105p to 90p on Thursday, noting that the UAE-based firm's first-half results were "little to write home about", but sounded a very upbeat note on the outlook for the firm's Saudi Long-Term Agreements and for offshore wind.

MPs to investigate 'sorry tale' of Thomas Cook collapse
A committee of MPs will question former Thomas Cook executives as part of an inquiry into the collapse of the firm, it was confirmed on Thursday.

Former French president Jacques Chirac dies age 86
Jacques Chirac, the former French president has died aged 86 according to local media reports.

Tik Tok censors videos that displease the Chinese government
Popular Chinese-owned social network TikTok censors videos that address topics at odds with the Chinese politburo's public views, it emerged on Wednesday, such as Tibetan independence or religious group Falun Gong.

US Democrats launch impeachment proceedings against Trump
The US Democratic Party took a huge gamble on Tuesday and started impeachment proceedings against President Donald Trump over allegations he pressured Ukraine to investigate his political rival Joe Biden.
UK Supreme Court rules parliament suspension unlawful
Prime Minister Boris Johnson's advice to the Queen that parliament should be suspended for five weeks was ruled unlawful by the UK Supreme Court in a unanimous decision with MPs set to reconvene on Wednesday morning.
Labour's Corbyn fends off challenge for Brexit remain campaign
UK opposition leader Jeremy Corbyn on Monday saw off a challenge that would have forced Labour to back Remain in a pre-election referendum on Britain's European Union membership.

Iran rejects talks with US after Trump hits central bank with sanctions
Iranian foreign minister Javad Zarif has rejected talks with the US after President Donald Trump imposed fresh sanctions on Iran’s central bank.

Google to invest €3bn in European data centers expansion
Google is set to invest €3. 0bn over the next two years to expand its European data centers, Chief Executive Sundar Pichai announced in Finland on Friday.

Trump grants tariff exemptions to hundreds of Chinese products
The US is temporarily exempting over 400 Chinese products from tariffs imposed last year, revealed the office of the US Trade Representative on Friday.

Dublin pours cold water on speculation of imminent breakthrough on backstop
Sterling gave back some of the previous session's gains after Dublin poured cold water on recent speculation that an agreement on a Brexit deal between the European Union and Westminster might be withing grasp.

Millions to participate in climate protest around the globe
Thousands of demonstrations are taking place around the world in what could be the largest climate protest in history.

KPMG to cut hundreds of UK jobs
KPMG UK plans to make redundant about a third of its 630 administrative assistants in a wave of cost-cutting.

Climate crisis 'most important issue' for public, poll reveals
A survey commissioned by Hope not Hate revealed that the majority of the public recognise the climate crisis as an “emergency” and say politicians are failing to tackle the problem.

OECD predicts slowest global growth since GFC
Global economic growth is at risk of entering a new, lasting low growth phase if governments remain on the sidelines, according to the Organization for Economic Cooperation and Development.