Home secretary Sajid Javid becomes the latest Tory to join leadership race May 27, 2019 Home Secretary Sajid Javid has said he will throw his hat in the ring to be the next leader of the Conservative party. In a video circulated today on Twitter, Javid said "first and foremost, we must deliver Brexit". He joins eight other Tory MPs who have declared their intention to succeed May, who said she will [...]
Huawei founder Ren Zhengfei says China should not retaliate over US trade ban May 27, 2019 Huawei’s founder has slammed US President Donald Trump over new trade restrictions on his firm, but insisted China should not retaliate against the measures. Ren Zhengfei admitted new laws effectively banning US companies from doing business with Huawei would hamper the firm’s growth, but said Beijing was unlikely to retaliate against American rival Apple. Read [...]
EU election results: Tories and Labour suffer heavy losses as Brexit party tops scoreboard May 27, 2019 Labour and the Tories have suffered a humiliating defeat in the European elections, having haemorrhaged votes to Nigel's Farage's Brexit party which won 29 seats in the European parliament. The Tories had one of their worst nights in electoral history, winning just four seats in the European Parliament and coming fifth place overall. Labour also performed badly, winning just [...]
Philip Hammond warns Tory leadership candidates against pursuing no-deal Brexit May 26, 2019 The Chancellor Philip Hammond has warned prospective Tory leaders not to ignore parliament by pursuing a no-deal Brexit. A number of leadership candidates, including bookies’ favourite Boris Johnson and former Brexit secretary Dominic Raab have made it clear they would walk away from negotiations and leave the EU without a deal on 31 October if [...]
Cobra Beer founder Lord Bilimoria set to be appointed next CBI president May 26, 2019 Cobra Beer founder and second referendum backer Lord Bilimoria is the leading candidate to become the next president of the Confederation of British Industry (CBI). The entrepreneur has been lined up to replace Tesco chairman John Allan at the helm of the influential business lobbying group, Sky News reported. Read more: Cobra's Lord Karan Bilimoria [...]
Michael Gove becomes eighth Tory MP to officially join leadership race to succeed Theresa May May 26, 2019 Michael Gove has officially entered the Tory leadership contest, becoming the eighth MP to join the race to succeed Theresa May. The environment secretary confirmed he would be running against Boris Johnson in a repeat to the 2016 leadership contest, which was won by May. Read more: Tory leadership race: Who are the leading candidates? [...]
Goldman Sachs ramp up no deal Brexit chances after Theresa May resigns May 26, 2019 US investment bank Goldman Sachs has ramped up its probability of a no-deal Brexit as leading Conservatives put themselves forward to replace Theresa May as Prime Minister. Goldman Sachs analysts raised the chances of the UK leaving the EU without a deal from 10 per cent to 15 per cent, citing the emergence of hardline [...]
Elon Musk’s SpaceX has raised more than $1bn in last six months May 25, 2019 SpaceX has raised more than $1bn (£786m) in financing over the last six months, including $535.7m in an offering that began in April, its regulatory filings on Friday showed. Elon Musk's company is aiming to roll out a high-speed internet service by using a number of satellites in space. Read more: Elon Musk's Space X [...]
Matt Hancock is the latest MP to join the race to become next Conservative leader May 25, 2019 Matt Hancock has become the latest MP to enter the race to replace Theresa May as Prime Minister. He joins Boris Johnson, Jeremy Hunt, Rory Stewart and Esther McVey in officially announcing their intention to become the next Conservative leader. Read more: Tory leadership race: Who are the leading candidates? Speaking to BBC this morning, Hancock said: "Yes. [...]
‘Escalation scenario’ increasingly likely in US-China trade war, warn Barclays analysts May 24, 2019 An “escalation scenario” is becoming “increasingly likely” in the US-China trade war, analysts at Barclays have warned, as China mulls its options for retaliation against US tariffs. Read more: China warns of trade repercussions after Huawei ban The Barclays note came after tough talk from China on the trade conflict, with President Xi Jinping this week [...]