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Economic News
18 Oct
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Iraqi government calls on BP to help develop Kirkuk's oilfields

Iraqi government officials urged oil giant BP to assist in developing oilfields in the disputed city of Kirkuk on Wednesday after Iraqi troops and state-sanctioned militiamen stormed through the area on Sunday.

18 Oct
Unilever, consumer goods, PG Tips
Thursday preview: EU 27 summit, UK retail sales, Unilever update

On Thursday the European Union's main Brexit negotiator, Michel Barnier, will update EU 27 leaders on the current state of negotiations, while other financial diary items include UK retail data and results from Unilever.

18 Oct
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Spain's stance hardens as final deadline for Catalonia approaches

The Spanish government does not appear to be wavering in its ultimatum to Catalan separatists, as Mariano Rajoy’s Thursday deadline for clarification on the independence issue draws near.

18 Oct
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Government to crack down on 'unfair' landlord charges

A government proposal aimed at cracking down on "overpriced" service charges and "unfair" costs thrust onto renters and leaseholders in England was unveiled by Communities Secretary Sajid Javid on Wednesday.

18 Oct
credit cards, finance, money, cash
Consumer credit putting millions of Britons at risk of financial harm, says FCA

According to a study published by industry regulator the Financial Conduct Authority (FCA) on Wednesday, an estimated 4. 1m UK residents had found themselves in financial difficulty as a result of missed utilities or credit card bills over the past year.

18 Oct
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US housing starts fall for third consecutive month in September

A key indicator of homebuilding activity in the States fell back for a third consecutive month in September, but some economists brushed off the data, saying they expected to see at least a partial rebound in coming months.

18 Oct
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Government forced to scrap Universal Credit line charges

The UK government has been forced into scrapping a controversial 55p-per-minute charge on the Universal Credit helpline.

18 Oct
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Euro area construction output dips in August

Euro area construction output shrank slightly in August amid softer activity in both building and civil engineering.

18 Oct
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Xi hails 'new era' for China at opening of Communist Party congress

Chinese president Xi Jinping opened the Communist Party Congress with a three-hour speech on Wednesday in which he pledged to lead the country into a "new era", lowering trade barriers and deepening financial sector reforms.

18 Oct
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UK wages continue to lag inflation, putting ball in Bank of England court

UK wage growth continues to lag behind inflation, official figures showed on Wednesday, though shifts in the level of employment mean the Bank of England's decision on whether to raise rates in November is "on a knife edge", some economists feel.