EU ‘willing to listen’ to UK’s Brexit ideas, says Donald Tusk August 24, 2019 European Council President Donald Tusk has said the EU is “willing to listen” the UK’s ideas on a new withdrawal agreement, but added that Boris Johnson will not want to be known as “Mr No Deal”. Speaking at a press conference ahead of the G7 summit in Biarritz, France, Tusk said he was willing to [...]
UK economy on course to stagnate in third quarter, says Bank of England governor August 24, 2019 Bank of England governor Mark Carney has said that the UK’s economy is on course to stagnate in the third quarter. He also said that underlying growth looked muted even with Brexit volatility stripped out. Read more: UK will remain ‘energetic partner’ on world stage after Brexit, says Boris Carney said Britain’s economy was “currently [...]
Boris Johnson: UK will remain ‘energetic partner’ on world stage after Brexit August 24, 2019 Boris Johnson says the UK will not “retreat” from the international community as it leaves the EU. The Prime Minister is set to meet with world leaders at this weekend’s G7 in France in his first international summit as leader. Read more: Trump announces tariff hikes as China trade war escalates He will discuss Brexit [...]
Trump announces tariff hikes as US-China trade war escalates August 24, 2019 Donald Trump has hit back at China by announcing plans to increase the tariffs on imports by a further a five per cent. The trade war between the US and China escalated further on Friday, with China revealing plans to hit $75bn of US goods with duties. Read more: Trump tirade against China sends stock [...]
Fresh blow for Woodford as suspended fund’s holdings take hit August 23, 2019 Neil Woodford has suffered his third setback of the day after it was announced that his suspended Equity Income Fund (EIF) significantly underperformed its industry benchmark. Link Fund Solutions, which is managing EIF’s suspension, said the fund had declined 11.15 per cent between 3 June and 21 August. By contrast, the fund’s industry benchmark – [...]
‘Feel the pain’: China set to retaliate on US tariffs, says state newspaper August 23, 2019 China will soon unveil plans to impose retaliatory tariffs on certain goods, the editor of a Chinese state-backed newspaper has said. Read more: Chinese renminbi set for another weekly fall on trade tensions Hu Xijin, editor of the Global Times, tweeted: “Based on what I know, China will take further countermeasures in response to US [...]
Woodford share price tumbles as it devalues holding in cold fusion company August 23, 2019 Shares in Woodford Patient Capital Trust (WPCT), the listed fund of beleaguered stockpicker Neil Woodford, dropped over six per cent this morning after the company was forced to cut the value of one of its largest holdings, a controversial energy company backed by celebrities including Brad Pitt. WPCT said this morning that Link Fund Solutions [...]
Putin critic Navalny freed from jail August 23, 2019 Russian opposition leader Alexei Navalny has been released from prison, his spokesperson confirmed this morning. Navalny, President Putin’s most prominent critic, had spent 30 days behind bars for violations of the country’s law on protesting. Read more: Theresa May demands Salisbury poisoning suspects face justice ahead of Vladmir Putin talks He was locked up after [...]
Land of the car? Trump slams Ford for backing stricter emissions rules August 22, 2019 Donald Trump has found a new target for his Twitter ire: the global automotive industry. The US President yesterday mounted a series of attacks on car makers for snubbing his plan to roll back Obama-era fuel efficiency rules, singling out Ford for instead siding with a California state deal which proposes stricter emissions standards. Read [...]
Trump scraps Denmark trip over Greenland grudge August 21, 2019 Donald Trump has cancelled his trip to Denmark after the Danish Prime Minister told him Greenland was not for sale. Over the weekend Mette Frederiksen shrugged off the US President’s suggestion that he buy the island – which is a semi-autonomous Danish territory – as a joke and dubbing it “an absurd discussion”. But Trump [...]