Political News
Saudi Arabia is 'running out of money' and needs funding from IPO
Saudi Arabia is slowly running out of money and needs the funds from the upcoming stock market listing of a small portion of state oil giant Saudi Aramco in December to finance its reform push, a former head of America's Central Intelligence Agency said.
Chinese economy continued to lose momentum in October
Economic activity in the People's Republic of China continued to slow down in October, pointing to at least further mild policy easing from the country's central bank before the end of the year and an economy that was heading into 2020 with scant momentum.
China insists on US trade tariff roll-back
China reiterated its call for the US to roll back its trade tariffs as part of a phase-one trade deal between the two powers and pushed back on requests to provide detailed targets for increasing its purchases of US farm goods.
Royal Mail wins legal battle to stop Christmas postal strikes
Royal Mail won a legal battle to prevent a union battle for a postal strike ahead of Christmas after the High Court backed an application for an injunction.
UK house prices dip amid political uncertainty - RICS
UK house prices dipped in October as buyers and sellers opted to sit tight amid political uncertainty, according to the latest survey from the Royal Institution of Chartered Surveyors.
Second Trump call on Ukraine reveals president's insistence on Biden probe
A top US diplomat told Congress on Wednesday, in the impeachment hearings on Donald Trump, that a member of his staff had overheard the president on the phone with Ukraine pressing for a probe into the Biden family.
Policy settings at an appropriate level, Fed's Powell says
The head of the Federal Reserve sounded a confident note on the economic outlook on Wednesday and appeared to signal that the central bank's monetary policy was likely set to remain at its current level for an extended period.
Hillary Clinton: PM's decision to withhold report on Russian election meddling is 'shameful'
Former US Secretary of State Hillary Clinton said that UK Prime Minister Boris Johnson’s decision to withhold a report on Russian meddling in UK politics is “shameful”.
US small business optimism improves in October
Confidence in the US economy rose amongst small business owners in October as recession fears eased, according to the National Federation of Independent Business.
UK's Labour hit by 'sophisticated' cyber attack
The UK's main opposition Labour Party said it had been the victim on Monday of a large-scale and sophisticated cyber-attack on its digital systems.
Spanish elections: PSOE win but far-right Vox celebrates surge
Center-left PSOE managed to secure another win in Sunday’s general elections in Spain but failed to clinch an absolute majority with talks between the main parties to form a coalition expected in the near future.
Europe close: Stocks finish mixed amid US-China trade worries and after Spanish elections
European stocks ended the session on a mixed note following a weekend of violent protests in Hong Kong that sent luxury stocks downward, while Sunday's elections failed to resolve political deadlock in Spain.
ECB council pushes Lagarde to overhaul policymaking
The European Central Bank's newly arrived leader Christine Lagarde is facing pressure from the governing council to overhaul how monetary policy is decided and improve the monetary authority's internal decision-making process.
BP CEO asks environmentalists to be 'realistic', saying fossil fuels industry is 'vital'
Bob Dudley, outgoing BP CEO said at ADIPEC in Abu Dhabi on Monday that fossil fuels companies’ efforts to secure a lower carbon future are realistic and called for environmental campaigners to remember how vital the current energy mix is to millions of people.
Top Shi'ite cleric adds voice to calls for reforms in Iraq
The top Shi’ite cleric in Iraq has expressed concern that the nation's government will not follow through with reforms it had promised in order to defuse protests, according to a senior UN official.
Pound shoots higher as Farage says Brexit party won't stand in Tory seats
Sterling shot higher on Monday after Nigel Farage said the Brexit party will not stand in the 317 seats won by the Conservatives at the 2017 general election, boosting Boris Johnson's chances of success in the upcoming election.
British Airways faces criticism for emitting more CO2 by 'fuel tankering'
British Airways and other airlines have been criticised for “fuel tankering” to save on costs but at the price of higher carbon emissions.
Canaccord cuts target price on Whitbread amid falling business confidence
Analysts at Canaccord Genuity cut their target price for shares of Whitbread to reflect tougher regional trading on the back of weaker business travel and the implementation of IFRS 16m, although he added that a "clear" Brexit result after the general elections could "be the catalyst for a rapid recovery in trading in the 2021 financial year".
China and the US agree to phase out tariffs as part of phase one deal
Chinese and US officials agreed to phase out the tariffs previously imposed on each other’s goods, a Chinese Ministry of Commerce spokesman said.
Extinction Rebellion protesters could sue Met over unlawful arrests
Hundreds of Extinction Rebellion could decide to sue the Metropolitan police for unlawful arrests after the High Court shot down an order banning the group’s protests in London last month.