Political News
Australian banks slammed in Royal Commission interim report
Australia's financial sector was slammed on Friday for putting greed before the “basic standards of decency”, as a government inquiry into misconduct published its interim report.
UK voters would narrowly back remain in new Brexit referendum
Britons would vote 52% to 48% remain in the European Union if a new Brexit referendum were to take place, according to a poll of polls.
Macron would welcome UK back into EU if it changes its mind
French president Emmanuel Macron said he would welcome the UK back into the European Union if voters were to change their minds in a second Brexit referendum.
Trump accuses China of meddling in midterm elections
US President Donald Trump claimed at an address to the UN on Wednesday that China is working against him attempting to interfere in November midterm elections.
EU, Russia and China join forces to dodge US sanctions on Iran
The EU, China, Russia and Iran have set out a plan to dodge US sanctions against the Middle Eastern country and save the nuclear deal signed in 2015.
Brexit border delays could lead to wave of bankruptcies
Even just half-hour delays at UK ports and the Irish border post-Brexit could lead to a wave of British firms going bankrupt, new research warned on Wednesday.
UK newspaper industry calls for tech giant levy to fund journalism
The UK newspaper industry has called for tech giants to pay a licence fee to ensure that news media publishers are properly rewarded for their use of their content by companies such as Facebook or Google.
Theresa May: General election not in the UK's best interest
UK Prime Minister Theresa May has ruled out a general election before the Brexit date in March 2019 saying it’s not in “the national interest”.
Taxpayers set to pay £65m for Carillion redundancy payments
UK taxpayers will have to pay £65m to cover redundancy payments for former Carillion workers who were made redundant after the company’s collapse in January.
UK grocers commit to halving food waste by 2030
Large supermarkets and manufacturers are committing to reduce the annual £20bn food waste bill in half by 2030.
China says US putting 'knife to its neck', hard to continue trade talks
China's vice commerce minister said trade talks with the US are complicated at the moment and accused the US of bullying China and holding “a knife to its neck”.
Next upgrades profit guidance and calls for Brexit clarity
Next raised its guidance for annual profit after the fashion retailer’s trading in August and early September was better than expected.
Russia hikes rates unexpectedly due to currency weakness, risk of further sanctions
Central Bank of Russia surprised financial markets on Friday, hiking its main interest rate in response to the recent overshoot of its inflation target on the back of weakness in the rouble and food price inflation, although Governor Elvira Nabiullina had reportedly flagged that possibility a week beforehand.
Turkish lira boosted as Pompeo lets slip Brunson could be released soon
The Turkish lira was boosted on Monday (USD/TRY -3. 2% on the day at 6. 09) as the US Secretary of State, Michael Pompeo, let slip that the administration would be holding talks with Turkey regarding the release of Pastor Brunson.
Labour pledges to set up publicly-owned water services run by workers
The Labour party has pledged to "turn off the tap" that sells-off utilities for private profit and to set up publicly-owned transparent water companies run by local councils, workers and customers.
Volvo halts Iran truck operations over US sanctions
Carmaker Volvo has halted its truck assembly lines in Iran over US sanctions that are preventing it from being paid, a company spokesman said on Monday.
US Deputy Attorney General set to step down - Axios
US Deputy Attorney General, Rod Rosenstein, tendered his resignation to the White House on Monday, in the belief that President Donald Trump was set to dismiss him.
Labour's McDonnell unveils employee share ownership plans
Shadow Chancellor John McDonnell unveiled a plan to force larger companies to give shares worth up to £500 per employee, in a speech at the Labour party conference on Monday.
UK export growth reaches lowest level since Brexit vote - BDO
The UK export growth has fallen for a sixth consecutive quarter and has reached its lowest level since the Brexit referendum in 2016, a survey has found.
May faces cabinet pressure amid calls to drop Chequers plan
Theresa May will face pressure on Monday as Brexiters will urge the Prime Minister and her cabinet to ditch the Brexit Chequers plan after her meeting with EU leaders in Salzburg last week.