Political News
Hong Kong suffers $5bn of capital outflows due to protests, BoE says
Hong Kong has seen as much as $5bn of capital flee from the Asian financial hub since April in the wake of recent political unrest and the ongoing protests, said the Bank of England on Tuesday.
US telecoms rebuff Trump's latest anti-Huawei plans
US technology companies have rebuffed a Trump administration plan that would require US firms to stop sourcing supplies from some Chinese firms despite the risk that they might fall afoul of competition laws.
Fiscal watchdog ups borrowing forecasts by £20bn a year
The UK’s fiscal watchdog has increased its forecasts for annual borrowing by £20. 0bn a year, after changes to the way student loans are accounted for.
Labour manifesto was strongest since 1945, Corbyn constituency chair says
The chair of Jeremy Corbyn's Islington North constituency has told members Labour's losing election manifesto was its strongest since 1945 and the campaign was the best she had experienced since 1970.
US Judiciary Committee set to bring articles of Trump impeachment to House floor
The House Judiciary Committee has sent two articles of impeachment against President Trump in advance to the House floor for a final vote in the chamber.
US regulator may ask Facebook to stop integration of subsidiaries
The US Federal Trade Commission is considering asking a court to stop Facebook from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday.
Business leaders warn Johnson on no-deal Brexit
Business leaders gave a guarded welcome to the Conservatives' election victory but warned that Boris Johnson must avoid a damaging no-deal Brexit in trade talks with the EU.
Conservatives win majority as sterling surges
Boris Johnson's Conservative Party was set for a large majority in parliament after winning seats in traditional Labour heartlands as Labour leader Jeremy Corbyn said he would not contest the next election.
US, China reportedly clinch phase-one trade deal
Negotiators from the US and China have inked the terms of a phase-one trade accord between the two countries, according to reports.
Will Johnson 'get Brexit done' if elected?
Conservative candidate and current Prime Minister Boris Johnson has repeated throughout the six-week long election campaign that he will "get Brexit done" if elected, but he could face some hurdles even if he manages to get his Withdrawal Agreement past Parliament.
Varadkar hopes for 'decisive' outcome from UK general election
Taoiseach Leo Varadkar said on Thursday that he is holding out for a decisive outcome from the UK general election on 12 December as more uncertainty would be problematic for negotiations with the European Union.
Trump mocks Greta Thunberg, advises her to 'chill'
US President Donald Trump mocked teen activist Greta Thunberg on Twitter on Thursday, a day after she was named Time’s Person of the Year for 2019.
US wholesale inflation undershoots forecasts in November
Wholesale inflation in the US rose by less than expected last month amid a downdraft in the cost of services, but some economists cautioned that the underlying trends were not quite as weak as the headline readings.
US Fed keeps rates unchanged, says inflation below target
Policymakers at the US Federal Reserve voted unanimously on Wednesday to keep policy unchanged, nodding to still "solid" labour market conditions, but pointing out that business fixed investment and exports remained weak and that its prefered measure of inflation continued to run below target.
Saudi Aramco jumps 10%, closes limit-up in stock market debut
Saudi Aramco shares rallied 10% on Wednesday in their debut on Riyadh’s Tadawul stock market giving the group a market value of nearly $1. 9trn.
Huawei CFO wins Canada legal battle to see more evidence on her arrest
The lawyers of Huawei’s chief financial officer, Meng Wanzhou, won a legal battle in Canada's courts on Tuesday to be given access to more documents regarding the reasons behind her arrest.
Tories on course for victory but equities benefit limited, JP Morgan says
A Conservative victory followed by Britain leaving the EU in January 2020 is the most likely outcome of the election but the effect on UK equities will be limited, according to JP Morgan.
Sterling slides as poll warns of further UK political turmoil
Sterling came under pressure on Wednesday after a widely-followed opinion poll predicted the Conservatives would win the General Election with a significantly smaller majority than initially expected.
Trump pressures Japan to choose US contractor over BAE Systems
Donald Trump is piling the pressure on Tokyo to choose a US defence contractor to develop replacements for its F-2 multi-role combat aircraft instead of Britain's BAE Systems.
UK trade deficit widens in October as firms stockpile goods
Britain's deficit in trade with the rest of the world widened in October, as UK companies stockpiled goods ahead of the missed Brexit deadline, while overseas firms showed continued wariness towards the country's exports.