Political News
US consumer confidence slips in July amid higher prices, U.Michigan says
Americans were a bit less cheerful in July amid complaints about higher prices for homes, vehicles and household durables.
SEC halts China IPOs seeks to tighten guidance on risk disclosures
America's financial markets' watchdog has halted registrations for Chinese corporates seeking to list on US stock markets.
Quarantine for vaccinated travellers from EU, US could be relaxed
Fully-vaccinated travellers from so-called ‘amber’ countries in the European Union, as well as the United States, could soon join jabbed British travellers in avoiding quarantine when they arrive in the United Kingdom.
No breakthrough at latest US-China talks
Talks between top Chinese and US diplomats on Sunday and Monday reportedly ended in stalemate as China refused to budge on multiple foreign policy issues.
Chinese crackdown on US-listed stocks signals start of 'Cold War', Roach says
Beijing's moves against US-listed Chinese firms may be signalling the start of a 'cold war' between the two countries, a well-considered expert said.
US jobless claims jump as automakers retool
First time unemployment claims in the US bounced back unexpectedly during the previous week, pushed higher by the annual retooling of automakers.
Treasury committee quizzes FCA on frozen bank accounts
The chairman of the Treasury committee has written to the financial regulator raising concerns about banks freezing vulnerable customers' accounts after NatWest was reported to have blocked thousands of accounts.
M&S boss warns of empty shelves in NIreland due to Brexit deal
UK retailer Marks & Spencer warned that it would not supply some Christmas good to Northern Ireland due to increased customs checks as part of the Brexit deal signed by Prime Minister Boris Johnson.
Ministers face dilemma on funding reform of UK social care system
Ministers risk being accused of making an “intergenerational raid” on taxpayers to fund the soaring cost of social care in the UK, according to financial analysts.
EU announces global infrastructure plan to rival China's 'Belt and Road'
The European Union’s foreign ministers agreed on Monday to launch an infrastructure plan that would link the bloc to the world, rivaling China’s ‘Belt and Road’’ initiative.
Heathrow passenger numbers still down nearly 90% compared to pre-pandemic levels
Heathrow passenger numbers are still down nearly 90% compared to the same period in 2019 and are considerably lower than the current numbers of EU rivals.
Thousands of Cubans rally in protest against government
Thousands of Cubans have joined the biggest protests in decades against the island's Communist government in response to the country's economic collapse and certain restrictions on civil liberties.
ECB's Lagarde expects interesting variations and changes at next ECB policy meeting
The head of the European Central Bank put the world on notice to expect changes at the governing council's next policy meeting in 10 days' time.
US to add more Chinese companies to blacklist over human rights violations
The US government is poised to add over 10 additional Chinese companies to its economic blacklist on grounds of human rights abuses in the region of Xinjiang.
EU raises estimates for Eurozone growth with warning on inflation
The European Commission revised upwards on Wednesday its forecasts for Eurozone growth for 2021 and 2022 but added a warning of higher risk of inflation.
Heathrow to provide fast-track lanes for fully inoculated arrivals
Heathrow announced on Wednesday that it will provide fast-track lanes for fully inoculated arrivals to the UK.
Didi shares fall over 25% in response to Chinese crackdown
Didi Global shares fell over 25% in US pre-market trade on Tuesday, ahead of its first trading session since Chinese regulators ordered the company's app be taken down in that country.
UK faces unfunded spending pressures from pandemic - OBR
The UK faces unfunded spending pressures as a result of the pandemic that could require higher taxes or more borrowing, the country's fiscal watchdog said on Tuesday.
Former CMA chair claims watchdog needs updated powers
Britain's Competition and Markets Authority needs an update of its powers, said former chair Andrew Tyrie, who claimed that consumers are being “ripped off” as a result.
Manhattan grand jury indicts Trump Organization and CFO
A Manhattan grand jury indicted the Trump Organization and its chief financial officer Allen Weisselberg on Wednesday, according to reports.