Political News
Sunak to set out more jobs support
Chancellor Rishi Sunak is preparing to announce a local job furlough scheme for workers at businesses forced to close by new Covid-19 restrictions.
UK parliament committee finds evidence that Huawei colludes with Beijing
The British parliament’s defence committee said on Thursday that it had found clear evidence that Chinese giant Huawei had colluded with Beijing.
Trump ready to return to normal schedule, chief-of-staff says
The US President is now ready to return to his normal schedule, his chief-of-staff said.
Sunak warns of hard choices ahead
Chancellor Rishi Sunak warned there were hard choices ahead as he promised to "balance the books" after the government borrowed heavily during the Covid-19 crisis.
Covid-19 and no-deal Brexit may cost UK $174bn annually
The UK could end up paying costs of $174bn (£134bn) a year over the impact of Covid-19 and no-deal Brexit on the national economy, said the latest report by Baker & McKenzie.
US President Trump, wife test positive for Covid-19
US President Donald Trump and his wife Melania have tested positive for the coronavirus, he announced on Friday.
Pound rises on Johnson plan to hold talks with EU's von der Leyen
The pound spiked on Friday on news that UK prime minister Boris Johnson would speak with European Commission president Ursula von der Leyen on Saturday to “take stock” of negotiations and “discuss next steps” on a Brexit trade agreement.
Sharp drop in US income as enhanced jobless benefits run out
Personal incomes fell more sharply than expected last month as enhanced unemployment benefits ran their course.
Over a third of UK employers plan layoffs for fourth quarter of 2020
More than a third of UK employers are planning on making staff redundant over the next three months, a YouGov poll revealed on Thursday.
EU starts legal case against UK over Internal Market Bill
The European Union on Thursday launched legal action against the UK’s new Internal Market Bill on the grounds that it breached the Brexit Withdrawal Agreement and breaks international law.