Political News
Campari could move Aperol production to US to avoid tariffs
Campari may shift production of its iconic Aperol spritz to the US because of the ongoing trade tensions with Washington.
Johnson proposes FTA with EU and alternative to Irish Backstop
The government's proposals to Brussels for a Free Trade Agreement and the creation of a single regulatory area on the island of Ireland as an alternative to the Irish Backstop were unlikely to 'cut the mustard', analysts said.
London close: Stocks pummeled by global growth concerns
London stocks suffered very sharp declines on Wednesday amid ongoing worries about a global slowdown, even as investors digested Prime Minister Boris Johnson's proposal to Brussels for a free trade area and as regards the Irish border, which analysts said were not likely to fly with the European Union as they would give Northern Ireland a competitive advantage over the bloc.
WTO rules in favour of US to impose $7.5bn on tariffs on EU over Airbus spat
The WTO ruled on the value of trade countermeasures that the United States can impose on European goods to counterbalance the unfair subsidies granted to Airbus and authorised nearly $7. 5bn worth of annual punitive measures against the EU.
Iran oil minister claims Saudi counterpart is a friend and reduces Aramco attack tensions
Iranian oil minister Bijan Zanganeh said his Saudi counterpart Prince Abdulaziz bin Salman is a “friend” brushing off the heightened tensions between Iran and Saudi in the wake of the cruise missile and drone attacks against Saudi Aramco facilities in September.
North Korea launches ballistic missile after confirming new US talks
North Korea has fired a ballistic missile from a submarine or underwater launch platform just a day after confirming it would resume nuclear talks with the United States, according to South Korean military officials.
Johnson calls on EU to compromise as he rallies party faithful to 'get Brexit done'
Boris Johnson has used his speech to the Conservative Party conference to insist the UK will quit the European Union at the end of October, with or without a deal.
Possible diplomatic breakthrough as Ukraine contact group adopts 'Steinmeier formula'
Ukraine reportedly agreed overnight to adopt the so-called 'Steinmeier formula', in effect allowing elections in the breakaway region of Donbass and to grant it a special administrative status, possibly paving the way for the resumption of peace talks between Kiev and Moscow.
UK construction sector continues to falter as no-deal Brexit looms
The downturn in the UK's construction sector worsened in September, a survey showed on Wednesday, as Brexit uncertainty and the weak economic outlook saw clients delay investment decisions.