Economic News
Zuma steps down
Jacob Zuma has announced his decision to step down as South Africa's president after his party reportedly threatened him with a no-confidence vote for as soon as Thursday.
DoE reports rise in weekly US oil and gasoline inventories
US oil stocks jumped last week alongside a large build in gasoline inventories.
Juncker says the notion of a European 'superstate' was 'total nonsense'
President of the European Commission, Jean-Claude Juncker, said accusations that he was looking to create a so-called European "superstate" were "total nonsense", and stated that many Britons had unfairly labelled him as a "stupid, stubborn federalist".
US January CPI comes in ahead of forecasts
The cost of living in the US was steady last month, contrary to expectations for a dip, buoyed by unusually large increases in clothing and medical care prices, with those for the former rising at their quickest pace since 1990.
Persimmon boss to donate "portion" of bonus to charity
The chief executive of UK home builder Persimmon announced on Wednesday that he will donate a portion of his controversial £100m bonus to charity.
US retail sales unexpectedly drop in January
US retail sales unexpectedly fell in January, according to data from the Commerce Department.
Benjamin Netanyahu hits back at Israeli police who recommended bribery charges
Benjamin Netanyahu has responded on Tuesday to police accusations of fraud, breach of trust and two instances of accepting bribes, saying he will not step down and is confident he won't face charges.
Trump blocked from ending DACA by second judge
President Donald Trump’s decision to end the DACA programme, which protects the children of illegal immigrants in the US from deportation, has been blocked by a second judge.
Russia eyes Saudi Aramco IPO investment
A Russian and Chinese joint investment fund, working in conjunction with several major Russian banks, has made moves to take part in the much awaited Saudi Aramco initial public offering, according to a sovereign Russian investment fund head.
Eurozone industrial production rises more than expected, Q4 GDP growth confirmed
Eurozone industrial production rose more than in expected in December, while gross domestic product growth for the fourth quarter was in line with expectations, according to data released by Eurostat on Wednesday.
South African police raid Gupta compound as part of Zuma corruption probe
Armed police raided the luxurious South African home of the Gupta family on Wednesday as part of an effort to confirm corruption allegations made against the brothers and controversial president Jacob Zuma, who was ordered to stand down as head of state by the ruling African National Congress on Tuesday.