Economic News
World Cup Preview: Russia v Saudi Arabia
After an arduous four year wait the World Cup is finally back and kicks off on Thursday with hosts Russia facing off against Saudi Arabia.
House prices stem declines in May, RICS survey shows
House prices stemmed their declines in May and there were other tentative signs of life in the property market, the latest monthly survey of surveyors showed.
Federal Reserve hikes rates, inflation not yet sustainably at 2.0%
The US central bank tightened policy as expected on Wednesday, with the tone of its policy statement at first glance appearing to signal that it might step up the pace of tightening a bit, according to some market observers.
White House set to move ahead with tariffs on Chinese goods
The US may levy tariffs on tens of billions of dollars-worth of Chinese-made goods over the next week, perhaps as soon as Friday.
Bitcoin's meteoric rise was the result of manipulation, new report says
As much as half of the Bitcoin boom in 2017 may have been part of a campaign of price manipulation, according to a new paper by John Griffin, an academic known for his ability to spot fraud in financial markets.
Gatwick Airport to spend £1.1bn on expansion
London’s Gatwick airport said it plans to spend £1. 1bn on expanding its capacity by 7m passengers within the next five years.
Thursday preview: ECB goals expected ahead of World Cup kickoff
Thursday's World Cup kick off in Russia could prove underwhelming compared to the earlier European Central Bank policy meeting and press conference, which has got the City positively frothing with excitement.
US producer prices rise more quickly than expected in May
Wholesale prices in the US rose more quickly-than-expected last month, on the back of almost across-the-board increases.
Spanish government moves to re-index pensions payments to CPI
Pushed by the new Socialist government in power, Spanish lawmakers have agreed to link annual public pension payments to consumer price inflation.
USA, Mexico and Canada to host 2026 World Cup
The 2026 World Cup will be held in The United States, Mexico and Canada after their joint bid beat Morocco’s in a vote by FIFA member nations on Wednesday.
May promises billions to make post-Brexit Britain a tech destination
Theresa May was doing her best to show off Britain as a tech investment hub ready for a post-Brexit world on Wednesday, as she hosted a raft of companies for a roundtable as part of London Tech Week.
Euro area employment continues to rise past pre-crisis peaks
Levels of employment in the single currency bloc pushed further above their crisis peaks in 2008 over the course of the first quarter of 2018, led by the Netherlands, Germany and Spain.
House price rises slowing, official figures show
House price rises slowed in April but prices in London have stopped falling, official figures showed on Wednesday.
UK inflation stalls to weaken case for August rate rise
Inflation was unchanged at 2. 4% in May, further weakening the case for the Bank of England to increase interest rates in August.