International News
Zalando blames weak revenue growth on long hot summer
Europe’s leading online platform for lifestyle and fashion issued a profit warning on Tuesday, blaming the long hot summer for weak revenue growth.
Europe close: Investors hope for best on trade front
Stocks on the Continent notched-up modest gains after the White House unveiled a more measured package of new trade tariffs on Chinese goods on Monday evening, although some analysts cautioned against reading too much into that.
China fights back against US with $60bn of new tariffs
Beijing struck back at Donald Trump’s latest round of trade tariffs on Tuesday, imposing their own sanctions on $60bn worth of US goods.
US open: Investors shrug off latest round of tit-for-tariffs with China
US stocks rose at the open on Tuesday, taking their cue from positive sessions in Asia and Europe as investors brushed off the latest escalation in trade tensions between the US and China.
BMW to shut Oxford Mini factory for weeks after Brexit
Car manufacturer BMW is set to close its Mini factory in Oxford on the day of Brexit for at least a month as a result of growing concerns of a no-deal exit, according to reports.
Viking Therapeutics soars 120% following positive results from VK2809
Viking Therapeutics soared as much as 120% in early trading after the firm revealed a positive set of results from a mid-stage trial of its non-alcoholic fatty liver disease treatment.
US housebuilder sentiment steady in September - NAHB
Sentiment among US housebuilders was steady in September, according to data released on Tuesday.
UK regulator calls for social media watchdog
Media regulator Ofcom has issued research backing up the need for statutory regulation on social media after finding that 45% of UK adult internet users admitted to having experienced online harm.
Asia report: Most markets higher despite continued Beijing-Washington tension
Markets in Asia finished in primarily positive territory on Tuesday, as investors appeared to take a break from consternation over the state of affairs between the US and China.
Fund managers up cash, start to price in more hawkish Fed, BofA-ML says
Global fund managers topped up their holdings of cash and lowered their allocation to global equities, according to the results of Bank of America-Merrill Lynch's fund manager survey for the month of September, especially towards Emerging Markets and Europe.
Russia blames Israel for downing of military jet off Syrian coast
An incident in which a Russian jet was shot down by Syrian forces on Monday was due to the "deliberate" aggression of the Israeli air force, according to the Russian defence ministry.
Italian finance minister argues for short-term boost in public investment
Italy's finance minister said his country's budget plans would put the emphasis on higher levels of public investment, lowering the tax burden on middle-income earners and increasing social protection for the poor.
EU probes carmakers for possible collusion over emissions controls
An investigation has been launched by European Union's antitrust regulators into possible collusion by German car manufacturers BMW, Daimler and VW to avoid competing with each other on lowering car emissions.
Trump imposes fresh batch of tariffs on $200bn Chinese imports
US President Donald Trump has confirmed he will impose new 10% tariffs on Chinese imports worth $200bn from next Monday, 24 September.