Political News
Inflation target reflects 'pre-crisis world', says Bank of England rate-setter
A member of the Bank of England’s interest rate setting committee has said the current inflation target reflected a “pre-crisis world”.
US mulling restrictions on pension funds looking to invest in China - report
The White House is considering curbing US government pension funds investing in China, according to reports.
Deutsche Bank plans to cut 9,000 jobs in Germany, Bloomberg says
Around half of Deutsche Bank's planned 18,000 job cuts will be in Germany, according to a source cited by Bloomberg on Tuesday.
US blacklists Chinese tech firms ahead of crunch trade talks
America has blacklisted eight Chinese technology firms over their alleged involvement in human rights abuses.
Europe midday: Markets fall as investors await China's response to US blacklisting of AI firms
European stocks were lower at lunchtime on Tuesday after the US blacklisted 28 Chinese companies just three days before the next round of trade negotiations and amid reports that the Chinese delegation might cut its visit short by a day, denting hopes of a deal.
NFIB's small business optimism index falls in September
The National Federation of Independent Business' small business optimism index revealed that confidence among small-business owners fell in September, mainly due to the impact of tariffs and uncertainty about the future of the US economy.
Extinction Rebellion protesters glue themselves to Home Office and DfT
Extinction Rebellion activists glued themselves to the Department for Transport and the Home Office as part of two weeks of protests against climate change which are expected to include further demonstrations at other government buildings.
Debt to soar if UK crashes out of Europe without a deal, think tank warns
A leading think tank has warned that even a “relatively benign” no-deal Brexit would damage the UK economy, pushing debt up to levels not seen since the 1960s.