Political News
Around 2m people will lose £1,000 each year under Universal Credit reforms
Almost 2m people will lose over £1,000 a year following the switch to universal credit revealed the latest report from the Institute for Fiscal Studies.
America's Lighthizer, Mnuchin to travel to China next week
America's top trade negotiators will travel to Beijing next Tuesday with a view to having a draft deal in place by May.
Italy's Salvini tells Rome to save itself, strikes down support measures
League leader Matteo Salvini blocked measures aimed at transferring part of the City of Rome's debt repayment burden to the central government, setting up a likely showdown with his party's coalition partner, the Five Star Movement, which governs in the capital.
Govt to resume Brexit talks with Labour as Tories look to topple May
The government and opposition Labour Party were set to resume Brexit talks on Tuesday as MPs returned from the Easter break.
Trump to make state visit to UK in June
Trump is set to make a state visit to the UK in early June that will be hosted by Queen Elizabeth II despite the risks of public protests kicking off again as they did during his last visit.
TfL commissioner should consider role after Crossrail delays, says report
Transport for London’s commissioner Mike Brown should “reflect on whether he is fit to fulfill his role” after delays to the £17bn Crossrail project, according to a London City Hall report released on Tuesday.
Barclays gears up for showdown with Edward Bramson
Barclays is considering shaking up pay in its investment banking arm, as it looks to fight off activist shareholder Edward Bramson, according to reports.
Brent and WTI futures jump as US scraps sanctions waivers for Iranian oil
Oil prices rose on Monday after the US announced that countries trading with Tehran must end all imports of crude from Iran or face sanctions.
Around 1.2m Britons blocked from opening bank account cough up extra £485 a year
Number of unbanked people falls to 1. 2m in 2018 but they have to pay up extra £485 extra each year in “banking poverty premium” for bills and basic services, said the latest report from Pockit.
Police clear Waterloo Bridge as 1,000 Extinct Rebellion protesters arrested
Police have cleared the remaining Extinction Rebellion activists from Waterloo Bridge in London as the number of arrests rose to almost 1,000 protesters.
China prepping new stimulus package, says Bloomberg
Chinese officials appear to be preparing a stimulus package as they aim to improve sales of items such as cars and electronics after the nation's economy showed signs of reinvigoration on Wednesday.
Mark Carney warns global banks of looming losses from climate change
Mark Carney told the financial sector not to ignore climate change, warning of the losses that it might trigger, including from lenders' stakes in polluting firms.
US-China deal could give Beijing dangerous trade tool
Treasury Secretary Steven Mnuchin said on Monday that the US agreed with China that the enforcement mechanism of fair trade will be reciprocal, in a move that some observers believed might harm US companies and the World Trade Organization itself.
Huawei criticises US spying claims claiming it 'belittles national security'
Huawei criticised US claims that its 5G network could be used to spy on western governments and said the US administration was being “ignorant of technology” and “belittling” national security concerns with repeated unsubstantiated claims.
Over 100 people arrested in Extinction Rebellion protests in London
Climate change protests by Extinction Rebellion demonstrators in central London resulted in over 100 arrests.
Gucci and Vuitton families donate €300m for Notre Dame restoration
The Pinault and Vuitton families pledged €300m to help in the reconstruction of Notre Dame cathedral on Monday, just a few hours after fire engulfed the Parisian cathedral in flames.
German foreign minister says UK cannot have further Brexit extension
Germany's foreign minister has warned that if the UK does not make progress on agreeing a Brexit deal it will not be given a further extension to the deadline beyond 31 October.
FX round-up: Pound edges higher, talks between Labour and Government in focus
Sterling edged up on Monday, following remarks from Foreign Secretary Jeremy Hunt, who said during a visit to Japan that talks with Labour - which are set to continue over the Easter recess - had been "more constructive than people thought".
Half of UK firms plan investment cuts amid Brexit delay - survey
UK finance chiefs' perceptions of economic and financial deterioration are at the highest levels since the 2016 Brexit referendum, revealed the latest CFO quarterly survey by Deloitte.
Second Brexit referendum vote could happen, says Hammond
Parliament is likely to be given another chance to decide whether to hold a second Brexit referendum, Chancellor of the Exchequer Philip Hammond said on Thursday.