Political News
Nokia wins contract for UK 5G network
Nokia secured a deal to supply radio equipment for the UK’s new 5G network alongside BT, the company announced on Tuesday.
CBI urge UK government to avoid no-deal Brexit
The Confederation of British Industry urged the UK government to try to reach an agreement with the European Union on trade post-Brexit to avoid further economic challenges.
Trump used losses to pay no income tax, report says
US President Donald Trump paid just $750 in federal income taxes in 2016 and 2017 and in many years paid none at all, the New York Times reported after obtaining tax return information Trump has withheld.
Swiss set to vote on free movement deal with EU
Switzerland is set to vote on Sunday on whether to end its agreement with the European Union that allows free movement of people between the two jurisdictions.
Government to top up wages of 'viable' jobs when furlough scheme ends
The government will look to stave off a potential wave of redundancies this autumn by topping up the wages of "viable jobs" when the furlough scheme comes to the end, Chancellor Rishi Sunak announced on Thursday.
Ryanair's O'Leary warns of large job losses due to 'shambolic' UK Covid policy
Britain’s aviation and tourism industries faced massive job losses unless the government provided more support and eased travel restrictions, Ryanair chief Michael O'Leary said on Thursday.
Half a billion jobs were lost around the world to Covid-19 in Q2
The novel coronavirus will exact a much higher toll on job markets around the world than previously feared, according to the global watchdog for labour.
Sunak considers German-style wage support - reports
Chancellor Rishi Sunak is considering replacing his furlough programme with German-style wage subsidies as part of measures to help businesses through the resurgence of Covid-19, according to reports.
Pubs to shut at 10pm as government ramps up Covid-19 restrictions
The government has announced a fresh range of restrictions to be in place for at least six months after the number of Covid-19 cases surged.
HSBC hits 25-year low as allegations add to pressures
HSBC shares fell to a 25-year low as Britain's banks were affected by allegations of moving illicit money as well as renewed pressure from the resurgence of Covid-19.
Unilever's Dutch shareholders back proposed unification
Unilever’s Dutch shareholders have voted to end the company’s historic dual-structure in favour of a single entity based in London.
US consumer confidence recovers in September as Democrats grow more optimistic
US consumer confidence overall rose back to its highs from April, having moved roughly sideways since then, the results of a closely-followed survey revealed.
UK govt refuses to rule out second Covid lockdown
The UK government on Friday has refused to rule out a second national coronavirus lockdown as the number of infections continued to rise.
Global economy could recover in 2021 if stimulus kept up - OECD
The global economy could return to growth next year as better outlooks from the US and China combined with a “massive response” to the Covid-19 pandemic from other nations lessened GDP contraction, the OECD said on Wednesday.
ByteDance rejects Microsoft offer for TikTok, partners with Oracle instead
Chinese tech company ByteDance has decided to reject Microsoft's bid to buy video app TikTok and partner with Oracle instead.
Cameron joins ex-Tory PMs' criticism of Brexit bill
David Cameron has become the third former Tory prime minister to express concerns about the government's proposal to break international law over Brexit - though in weaker terms than John Major and Theresa May.
University of Oxford and AstraZeneca restart Covid-19 vaccine trial
The University of Oxford and AstraZeneca will resume trials of their Covid-19 vaccine candidate after receiving clearance from the UK's Medicines Health Regulatory Authority.
UK, Japan sign free trade deal
Britain and Japan agreed a free trade deal on Friday, the first since the UK left the European Union in January.
US cancels visas for over 1,000 Chinese nationals
The United States revoked visas for over 1,000 Chinese nationals, denying entry to students and researchers deemed security risks, the State Department said on Wednesday.
Scotland and Wales warn new internal market bill harms UK unity
Scotland and Wales warned on Wednesday that the new internal market bill that was proposed by the British government will undermine the UK’s unity as it will steal power from Scotland, Wales and Northern Ireland.