Political News
Carolyn Fairbairn CBI
'Millions wasted' on all-consuming Brexit, slams CBI chief

The director general of the CBI has lambasted the millions wasted by business preparing for a no-deal Brexit as she called on government and the private sector to work more closely together.

theresa may pm brexit
May asks business leaders to back Brexit plan

UK Prime Minister Theresa May is seeking to win the support from business leaders to back her Brexit deal with the European Union as she faces a potential leadership challenge from dissenters in her own party.

water cannon
Johnson leaves taxpayers with loss on unused water cannons

Taxpayers have been forced to swallow a £0. 3m loss on three water cannon bought by Boris Johnson while Mayor of London.

16 Nov
May survives tough day as rebels seek support to knife PM in ballot

UK Prime Minister Theresa May moved on Friday to bolster her precarious position after ministerial resignations over Brexit and the continuing threat of a no confidence vote.

16 Nov
'I think we'll have a deal (with China),' Trump says

Wall Street's main market gauges flickered into life on Friday afternoon in New York, reversing early losses and moving into the green, on the heels of upbeat remarks from the US President regarding the chances of his administration being able to strike a trade deal with Beijing.

16 Nov
Walmart's wages targeted by new Bernie Sanders legislation

Walmart has been targeted by a new bill that would prevent large companies from completing stock buy-backs unless their employees are paid at least $15 an hour, which was introduced by senator Bernie Sanders.

16 Nov
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Kim Jong-Un supervises tests of new North Korean 'tactical' weapon

North Korea leader Kim Jong-Un inspected a new “tactical” weapon for the first time in nearly a year this week, reported the country’s state media on Friday.

16 Nov
US sets sanctions on 17 Saudi officials over Khashoggi murder

The US imposed economic sanctions on 17 Saudi Arabian officials late on Thursday after the killing of journalist Jamal Khashoggi last month.

15 Nov
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May pledges to drive Brexit plan through despite Cabinet turmoil

UK Prime Minister Theresa May vowed to push through her Brexit after a day of turmoil that saw two Cabinet ministers quit and MPs openly talking of a no-confidence vote.

15 Nov
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Facebook reportedly involved in smear campaign against social media critics

Facebook stood accused of threatening democracy after a report from Open Society Foundations revealed it linked critics of the social media platform to non-profits’ founder George Soros in a move to discredit them.

15 Nov
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Europe midday: Stocks dip amid post-Brexit deal political convulsions

Stocks across the Continent are trading slightly lower as investors digest the ongoing political convulsions in London, even as they keep a wary eye on the Italian government's antics with Brussels over its 2019 budget.

15 Nov
GVC avoids £700m payment for Ladbrokes takeover

GVC Holdings avoided paying almost an extra £700m for its acquisition of Ladbrokes after the government issued a new ruling on the UK fixed-odds betting machines.

14 Nov
Mueller reportedly seeking more info on Farage

Special counsel Robert Mueller is seeking more information about former UKIP leader Nigel Farage for his investigation into Russian interference in US politics, the Guardian reported, citing a target of the inquiry who expects to be criminally charged.

14 Nov
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Senior Tory Brexiters may push for 'no-confidence' vote, reports say

Some senior Tory Brexiters are reportedly pushing for an immediate 'no-confidence' vote against the Prime Minister.

14 Nov
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US should hike foreign investment to curb China influence, says Congress report

A report from a US congressional commission recommends that Washington fund infrastructure in developing nations in order to counter Chinese financing deals.

14 Nov
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FOBT stake cut moved back to April after government U-turn

The government announced on Wednesday it was making a U-turn and the implementation of changes to reduce the stakes of fixed-odds betting machines will be brought forward to next April, instead of October as had been planned.

14 Nov
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Ministers urged to impose cutbacks to HS2 as costs surge

Ministers are being urged to impose cutbacks to the HS2 railway infrastructure project after a report warned that costs were well over those for comparable schemes in Europe.

14 Nov
theresa may speech
May faces cabinet showdown over Brexit deal

Prime Minister Theresa May faces a cabinet showdown on Wednesday when she will ask ministers to sign off a Brexit deal struck with the EU, despite strident opposition to the terms from Brexiters and in Northern Ireland.

13 Nov
Russian GDP slows more-than-expected in Q3, but economists expect pick-up

Economic growth in Russia slowed over the three months to September, although some economists expected the pace of expansion to pick-up over the following year.

13 Nov
US and China speaking 'at all levels' ahead of G20 meet, says Kudlow

President Trump has initiated direct contact with Chinese President Xi Jinping ahead of the leaders’ meeting at the G20 in Argentina at the end of the month, White House economic adviser Larry Kudlow told CNBC on Tuesday.