Economic News
16 May
drilling oil onshore
US oil inventories slip as exports jump, DoE says

Inventories of crude oil and its derivative products in the States were lower across the board last week amid rising exports.

16 May
east coast
Poisoned chalice: Why the East Coast franchise keeps failing

Wednesday’s news that the East Coast rail franchise would once again fall into government hands marks the third time since privatisation that the high-speed route between London and Scotland has failed.

16 May
fuite-de-produit-chimique-dans-la-gigafactory-de-tesla
US industrial production falls short of forecasts in March

US industrial production fell short of forecasts last month despite a sharp jump in the output of business equipment.

16 May
wind farm offshore green energy
Tory policy changes caused 'worrying' collapse in clean energy investment - MPs

UK government policy changes have contributed to a “dramatic and worrying” collapse in clean energy investment since 2015, a committee of MPs said on Wednesday.

16 May
ep molinos energia eolica renovables viento 20170615214801
Households to cough extra £1.5bn after tweak in green subsidy backfires

UK energy users will be forced to pay an extra £1. 5bn for their green energy over the next fifteen years due to a tweak of the government’s policy on green energy subsidies, the National Audit Office has warned.

16 May
housing house prices
US housing starts peak in April, economists say

A key gauge of housing market activity in the US turned down last month, although the details of the report were somewhat stronger, according to economists.

16 May
kim jong un trump
North Korea threatens to call off US summit over nuclear demands

North Korea said it will not engage in economic trade with the US in exchange for its denuclearization and threatened to cancel the upcoming summit between leader Kim Jong-Un and US president Donald Trump.

16 May
italy italian flag
Italian bonds rise as 5 Star, League economic plans leaked

Italian bond yields rose sharply on Wednesday after a plan by the populist 5 Star and League parties leaked revealing they want to write off €250bn (£220bn) in European Central Bank debt as part of a deal to govern in coalition.

16 May
European Central Bank, ECB, euro, eurozone, single currency
Eurozone inflation confirmed at 1.2% in April

Annual inflation in the eurozone slowed to 1. 2% in April from 1. 3% the month before, well below the European Central Bank's target of close to but under 2%, data from Eurostat confirmed on Wednesday.