Political News
EU backs steep tariffs on Chinese EV imports
The European Union is to impose steep tariffs on imports of Chinese electric vehicles, it was confirmed on Friday, after a majority of member states voted in favour.
Oil prices climb on heightened Middle East fears
Oil prices continued to climb on Wednesday, as fears mounted that conflict was set to spread across the Middle East following Iran's missile attack on Israel.
UK consumer confidence slides ahead of Budget - BRC
Consumer confidence fell in September, a well-regarded survey showed on Thursday, as people waited anxiously for next month’s Budget.
Tata Steel secures £500m for Port Talbot; 2,500 jobs lost
The government has agreed to pay Tata Steel £500m to help redevelop the Port Talbot steelworks, it was announced on Wednesday, securing the site’s future.
Government close to finalising £1.25bn Tata Port Talbot deal
The UK government is close to finalising a £1. 25bn deal with Tata Steel to support the transition of its Port Talbot steelworks to more environmentally-friendly operations, it emerged on Monday.
US non-farm payrolls grow by 142,000 in August, miss forecasts
Job growth in the US picked up only a little in August.
Google abusing dominant position in online advertising - CMA
The UK competition watchdog has accused Alphabet’s Google of using its dominant position in digital advertising to hinder competition and favour its own services.
UK govt abandons NatWest share sale; to hold Budget Oct 30
The UK government has abandoned a plan to sell its remaining stake in NatWest Bank to the public, said Finance Minister Rachel Reeves, who added that she would hold deliver a Budget statement on October 30.
Banks must improve treatment of politicians - FCA
The financial regulator has warned banks must do more to ensure political clients are treated fairly, it was announced on Thursday.
UK's Miliband reportedly orders ban on new oil licences
New UK Energy Secretary Ed Miliband has reportedly ordered an immediate ban on issuing new licences to drill for oil in the North Sea.
UK's Starmer appoints Cabinet; Reeves becomes Finance Minister
New British Prime Minister Keir Starmer swiftly appointed the members of his Cabinet after crushing the Conservative Party in Thursday’s General Election.
UK election: Labour in landslide as Tories wiped out
Britain’s Labour Party, led by Keir Starmer, swept to power after the ruling Conservative Party was booted from office in a humiliating defeat - the worst in its history.
UK manufacturing output broadly unchanged in June quarter
Manufacturers in the UK reported that output volumes remained broadly unchanged in the three months leading up to June, according to the latest industrial trends survey released by the Confederation of British Industry (CBI) on Monday.
Tata workers to stage first UK steel strike in over 40 years
Trade union Unite announced on Friday that around 1,500 Tata workers based in Port Talbot and Llanwern would start an all-out indefinite strike, starting on 8 July.
Election nerves cast shadow over UK economy - PMI
Growth in the UK private sector unexpectedly slowed in June, a closely-watched survey showed on Friday, as uncertainty around the general election weighed on business.
Election landslide looks unlikely for India's Modi; Shares fall 6%
India’s nationalist prime minister Narendra Modi looked set to win a third term in government, but early poll results suggested the expected landslide victory may not materialise.
Rishi Sunak announces 4 July general election
Prime minister Rishi Sunak announced on Wednesday that a general election will be held on 4 July, following a day of intense speculation in Westminster.
IMF upgrades UK growth forecast, warns against tax cuts
The International Monetary Fund (IMF) revised its growth forecast for the UK economy on Tuesday, projecting a “soft landing” with a faster-than-expected recovery following last year's mild recession.
Foreign bid for Royal Mail would face security review - Hunt
Any takeover bid for the Royal Mail owner International Distributions Services would be subject to routine national security scrutiny but it would not be opposed in principle, British Finance Minister Jeremy Hunt said on Friday.