Economic News
Nearly 29% of UK supermarket packaging is not recyclable
A Which? investigation has found a third of plastic packaging in supermarkets is not recyclable. Morrisons was found to be the best at using recyclable packaging while Lidl showed the worst results.
Local councils take legal action against Heathrow Airport expansion
Five local councils notified the Theresa May's government that they are seeking a judicial review of the government’s decision to go through with the expansion of London’s Heathrow Airport, with the support of London Mayor Sadiq Khan.
Burberry destroys £28.6m of stock to battle counterfeiting
Burberry destroyed unwanted stock worth £28. 6m in its last financial year to avoid it falling into hands of forgers or finding its way onto other shelves or websites.
Uber hires first chief privacy officer
Uber has hired its first chief privacy officer ahead of the ride hailing appmaker's planned initial public offer next year.
Hackney council clamps down on nightlife with new curfew
Nightlife in the London borough of Hackney is under threat after the local council voted in favour of a clamp-down, including curfews and prevention of granting of new licences.
Philly Fed index ticks up more than expected
Manufacturing conditions in the Philadelphia region improved more than expected in July, according to a survey released on Thursday.
US initial jobless claims drop to lowest level since December 1969
The number of Americans filing for unemployment benefits fell to the lowest level since 1969 last week, according to figures from the Labor Department.
Trump threatens more tariffs if EU trade negotiations fail
US President Donald Trump said that European Union officials will be travelling to Washington next week to discuss trade and threatened the bloc with “tremendous retribution” if negotiations do not work out.
Pound drops to 10-month low after disappointing week of data
Sterling was sent slipping and sliding to below $1. 30 for the first time in 10 months after a series of disappointing economic data points this week lowered expectations for UK interest rates.
Weather and World Cup blamed as high street sales wilt in June
UK retail sales fell back in June, as the football World Cup and hot weather saw consumers abandon the high street.