Political News
UK public borrowing still above OBR forecasts in June
UK public sector borrowing came in below expectations for June, according to fresh figures on Thursday, but was still above the Office for Budget Responsibility (OBR) forecast.
German government set to take 30pc stake in Uniper
Further details on the rescue plan for German energy firm Uniper were unveiled on Wednesday, with the federal government set to take a stake of 30% in the company.
French government offers EUR 10bn for EDF renationalisation
The French government has offered almost €10bn to fully take over EDF, it was reported on Tuesday, offering minority shareholders a 53% premium to the 5 July closing price.
SoftBank halts Arm London IPO plans - report
SoftBank has halted plans to list chip designer Arm in London because of the political upheaval in the UK, it was reported on Tuesday.
Germany's Uniper draws down €2bn from KfW
German energy giant Uniper on Monday said it had drawn down its €2bn credit facility from Germany's state-owned KfW bank as it continues talks with Berlin over a bailout amid the gas supply crisis.
Prime Minister not planning to extend windfall tax to electricity generators
Electricity generators will be spared from the government's tax net, a spokesman for the Prime Minister said.
Former Japan PM Shinzo Abe assassinated
Former Japanese Prime Minister Shinzo Abe is confirmed to have died from this morning’s shooting, public broadcaster NHK reported, citing officials.
UK's Johnson says 'the herd' ousted him, but wants to stay until autumn
Boris Johnson quit as leader of the Conservative Party after a sexual harassment scandal and subsequent ministerial resignations engulfed his government, but controversially wanted to remain as prime minister for months while a successor was found.
UK cabinet ministers 'will tell Johnson to quit'
A delegation of senior cabinet ministers was reportedly gathering at Downing Street to urge UK Prime Minister Boris Johnson to quit after a mass of resignations from his government amid renewed criticism of his behaviour.
UK Finance Minister Sunak resigns in major blow to PM Johnson
UK Finance Minister Rishi Sunak resigned on Tuesday, along with Health Secretary Sajid Javid, as Prime Minister Boris Johnson found himself engulfed in yet another scandal over the behaviour of Conservative MPs.