Economic News
10 Jan
ExxonMobil criticises California climate change hypocrisy

ExxonMobil has hit back at California communities that sued the company for the threat of rising sea levels to their jurisdictions.

10 Jan
Corbyn attacks May's handling of the NHS in the first PMQs of 2018

Jeremy Corbyn has attacked Prime Minister Theresa May for leading what he’s described as a crisis in the NHS and said she was "too weak" to sack the health secretary, Jeremy Hunt.

10 Jan
Apple forced to pay £137m in extra tax to UK tax authorities

Apple Europe has agreed to pay £137m of extra taxes in a ‘corporate income tax adjustment’ after an extensive audit by the HMRC of the company’s pre-2015 tax filings.

10 Jan
factory, factories, manufacturing, manufacturer
Companies bemoan UK suffering 'critical' skills shortage

UK firms are finding it harder than ever before to find skilled workers, with nearly three-quarters of the services industry struggling to recruit the employees they need.

10 Jan
Plastic bag shopping
Plastic bag charge to be extended to all shops in the UK

The UK government policy of charging 5p for plastic bags used at large retailers is expected to be extended to small shops in the UK.

10 Jan
Electric car makers face higher costs as Congo eyes higher cobalt tax

The Democratic Republic of Congo has taken the first steps towards hiking taxes on cobalt exports by more than double, a move that could potentially increase the cost of a key material used in electric car batteries.

10 Jan
Money cash dollars
Reports say China may slow US Treasury purchases, trade tensions cited

Longer-term US Treasury yields jumped to near their 2017-highs following a report that Beijing might be looking to slow or stop its purchases of American government debt.

10 Jan
bomba nuclear
US to loosen its nuclear weapons policy and develop low-yield bombs

Washington is planning on changing its nuclear weapons policy and developing more "usable" nuclear warheads for US on its Trident missiles.

10 Jan
Construction output disappoints as commercial building slides

UK construction output in November rose for the first time since August but growth remained weak and remained in decline at the underlying level.

10 Jan
Chinese consumer prices rise less than forecast in December

Chinese consumer prices fell short of forecasts in December alongside a drop in factory gate inflation in the Asian giant to a 13-month low, possibly opening the way up for looser central bank policy.

10 Jan
cmc markets, trading, traders, broker, markets
FCA warns of failings in firms providing CFDs to retail investors

Several City brokers providing contracts for difference (CFDs) to retail investors are causing "serious concern" at the UK financial regulator, which wrote to 19 providers with a warning about their conduct.

10 Jan
coats manufacturing industrial
UK industrial production rises for eighth month in a row

UK industrial production notched up its strongest run of growth in 23 years as output from the manufacturing sector rose more than expected, official data showed on Wednesday.