Political News
Morgan Stanley upgrades SSE to 'overweight'
Morgan Stanley upgraded its view on SSE shares, arguing that the company's divestment of its Retail and Exploration and Production arms would simplify the business, raising the profile of its renewables operations and in turn resulting in a higher valuation multiple.
Huawei drops lawsuit against US after Washington returns seized equipment
Chinese telecommunications equipment company Huawei dropped one of its lawsuits against the US government after Washington returned equipment that had been seized.
Trump fires national security adviser John Bolton
The US President fired his national security adviser approximately 90 minutes before he had been scheduled to participate in a press conference next to Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin.
Trade deal 'possible' if Washington also makes concessions, SCMP says
One well-placed local observer in Beijing put the odds of the US and China agreeing a trade deal in November at roughly two thirds, but said that Washington needed to lower its demands a bit as some of them were seen as the Communist party would see them as forfeiting sovereignty and humiliating the nation.
Vestager chosen for another five-year term as top EU anti-trust official
Margrethe Vestager has been chosen to serve another five-year term as the head of the European Union's competition policy and will continue to oversee ongoing probes into various technology gaints.
OBR warns Javid's spending plans risks breaking borrowing rules
Chancellor Sajid Javid was on Tuesday warned that his planned public spending increases were on track to break government borrowing rules.
UK parliament shuts down as Johnson loses second election bid
The UK parliament was suspended for five weeks early on Tuesday morning as Prime Minister Boris Johnson suffered his sixth defeat in a row when MPs voted against a snap election.