Political News
UK's Alan Duncan quits as Foreign Office minister
UK Foreign Office minister Alan Duncan resigned on Monday before the probable installation of Boris Johnson as prime minister, joining other senior government members who said they would not serve under the leadership favourite.
UK may already be in recession as Brexit crisis continues - NIESR
The Brexit crisis may have tipped Britain into a recession, a report by a leading think tank stated on Monday.
Sadiq Khan calls for overhaul of tenancy laws in London
Sadiq Khan is set to demand an overhaul of tenancy laws in a bid to control the capital's rental market as part of his 2020 re-election campaign.
Hammond refuses to rule out backing no-confidence vote over Brexit
UK Finance Minister Philip Hammond effectively declared war on Boris Johnson on Friday, when he refused to rule out supporting a no-confidence motion if the Tory leadership favourite became prime minister.
Government borrowing jumps to £7.2bn in June
Government borrowing rose unexpectedly sharply to £7. 2bn in June - the highest level for that month in four years, official figures showed.
UK MPs pass amendment to stop parliament Brexit shutdown
British MPs on Thursday approved an amendment aimed at stopping the suspension of parliament to force through a no-deal Brexit.
Huawei not a sticking point in US-China trade talks, Mnuchin says
US and Chinese trade negotiators were set to hold telephone talks on Thursday night, US Treasury Secretary, Steve Mnuchin told broadcaster CNBC.
UK Ministry of Defence to pay £10m to Serco in settlement
Service company Serco has reached a settlement with the UK Ministry of Defence and will be payed £10m in exchange of withdrawing the legal challenge.
US-China tarde talks hit a snag over Huawei, WSJ says
Trade talks between Washington and Beijing have reportedly hit a snag amid Chinese demands for the US administration to ease its restrictions on Huawei, the country's largest telecommunications equipment maker.
Barnier says UK will 'face consequences' of no-deal Brexit as OBR warns of recession
Britain would have to “face the consequences” of a no-deal Brexit, said European Union chief negotiator Michel Barnier.
UK households' incomes squeezed to 1990s recession levels
Households in the UK have seen their incomes squeezed more in recent years than during the 1990s recession, reported the Resolution Foundation on Wednesday.
UK Defence companies "looking more interesting (with caveats)', JP Morgan says
Analysts at JP Morgan reiterated their "selectively positive" stance on European Civil Aerospace, labelling Rolls Royce (Underweight; target price: 650. 0p) as one of its two top ideas in the sector while keeping Ultra Electronics (Overweight; target price: 1,820. 0p) as its top pick.
Generation rent faces housing crisis when they retire
Thousands of people in the UK could be facing homelessness when they retire due to the rising costs of renting and the lack of affordable housing.
Von den Leyen elected as EU commission president
German defence minister Ursula von der Leyen was on Tuesday confirmed as the European Commission’s first female president.
WTO rules against US in pre-trade war dispute with China
The World Trade Organization said some US tariffs on Chinese goods do not comply with its rules and that it will authorise retaliatory sanctions.
Sadiq Khan rejects Tulip tower plans for City of London
The mayor of London Sadiq Khan rejected plans to build a 300-metre skyscraper in the City of London that had been dubbed 'the Tulip' for not being “good enough”.
Von der Leyen would consider Brexit extension if 'good reason' given
European Commission presidency candidate Ursula von der Leyen on Tuesday said she would consider a Brexit extension beyond October 31 if it was required.
US trade deal post-Brext could take longer than some hope, says Fox
A post-Brexit trade deal with the US would take longer than people expected due to the crossover of federal and state jurisdictions and the upcoming presidential election, said International Trade Secretary Liam Fox.
UK needs to adapt to industrial change - TUC
The UK government must have a strategy in place to deal with the industrial changes that will follow-on from automation and the emerging green economy, said the TUC on Monday.
Trump considers removing Wilbur Ross following Supreme Court defeat
Donald Trump has allegedly told aides and close allies that he was contemplating removing Commerce Secretary Wilbur Ross after he backed down from adding a contentious question on citizenship to the 2020 census, according to NBC News.