Political News
UK agrees to relax visa rules for foreign truck drivers - report
British Prime Minister Boris Johnson has reportedly approved the relaxation of UK immigration rules to allow more foreign truck drivers into the country to ease shortages at petrol stations and wider economic disruption.
UK motorists drain petrol pumps as panic continues
UK motorists are continuing to panic-buy petrol leaving filling stations empty within hours of fuel arriving, the petrol station trade body said.
Boris Johnson unveils £12bn tax rise for health and social care
Boris Johnson has announced a £12bn annual tax increase to fund higher health and social care spending that his critics said was unfair and inadequate.
US job openings hit fresh record high in July
The number of job openings in the US hit a fresh record high in July despite slower hiring as Americans increasingly chose to 'quit' their current employment.
US and Chinese presidents hold first direct contact since February
The US and Chinese presidents held their first direct conversations since February overnight on Thursday.
EU unveils law for common phone charger in blow for Apple
The European Union on Thursday unveiled plans to make USB-C connectors the standard charging port for all smartphones, tablets and other electronic devices, in a move that will hit iPhone maker Apple.
Credit Suisse upgrades Boohoo, says governments might ban Shein app
Analysts at Credit Suisse upgraded their recommendation for shares of Boohoo to 'outperform', telling clients that Western governments looked set to step in and "level up the playing field" against Chinese fashion retail app Shein.
Johnson faces Tory revolt over NI rises to pay for social care
UK Prime Minister Boris Johnson faces a potential revolt from within his own Conservative Party over plans to break a manifesto promise and increase National Insurance Contributions (NICs) to pay for social care reforms.