‘Catastrophic’ category five Hurricane Dorian hits Bahamas September 1, 2019 Hurricane Dorian today intensified into a “catastrophic” category five storm and the second strongest Atlantic hurricane on record as hit the Bahamas, which it is expected to batter with rain, winds and waves for two days. Read more: Donald Trump’s personal assistant leaves White House The storm is then forecast to head towards Florida on [...]
Italian deputy PM bans migrant boat to keep pressure on new coalition September 1, 2019 Italy’s deputy prime minister Matteo Salvini has banned a migrant-rescue ship from entering the country’s waters as he seeks to use migration to add pressure to coalition talks that would push him from government. Read more: Italian stock market soars as new coalition takes shape Salvini, leader of the right-wing League Party, has cracked down [...]
Swiss minister says country unlikely to sign EU deal soon September 1, 2019 Switzerland and the European Union are unlikely to reach an agreement this year over their long-awaited partnership treaty, the delay of which has caused relations to sour, the country’s economy minister said today. Read more: Eurozone output beats expectations in August but economy remains weak Economy minister Guy Parmelin also said it would be “risky” [...]
Market sell off as Argentina asks to ‘reprofile’ $100bn of debt August 29, 2019 Investors have sold off Argentine currency and bonds after the government announced it would seek more time to pay off its $100bn (£82bn) in debts, raising fears of a default. Read more: Global stock markets spooked by Hong Kong and Argentina The Argentine peso has plunged over 20 per cent since market-friendly President Mauricio Macri [...]
US economic growth revised downwards August 29, 2019 The US economy slowed at a faster rate in the second quarter than was initially estimated, official figures showed today, as exports and manufacturing weighed on growth. Read more: Trump: China wants a deal ‘very badly’ The country’s Department of Commerce today said the economy grew two per cent in the second quarter, down from [...]
Italian stock market soars as new coalition takes shape August 29, 2019 Italy’s stock market jumped two per cent this morning and bond yields hit record lows as Prime Minister Guiseppe Conte took a big step towards forming a new government. Read more: Italian bond yields hit record low on hopes of new coalition Conte said he had accepted President Sergio Mattarella’s invitation to form a new [...]
Cebr poll: Most Brits expect a UK recession within a year August 29, 2019 Most Britons expect the UK economy to fall into a recession this time next year, a survey showed today, as consumer confidence tumbled to a six-year low in August. Read more: Into the red: UK economy shrinks for first time in seven years The latest analysis from Yougov and the Centre for Economics and Business [...]
Sterling falls for second day as Britain races towards no-deal Brexit August 29, 2019 Sterling has continued to fall this morning a day after it lost 0.55 per cent against the dollar as the UK took a big step closer to a no-deal Brexit. Read more: Sterling could hit 35-year low on no-deal Brexit worries, warn City economists The pound was 0.16 per cent lower against the dollar this [...]
European stock markets cheered by soothing words from China on trade war August 29, 2019 European stock markets have been boosted this morning after the Chinese commerce ministry said it was in talks with the US over the two sides’ raging trade war. Read more: China announces measures to tackle trade war-driven slowdown Gao Feng, the ministry’s spokesman, said China was opposed to further escalations of the trade war and [...]
French growth revised upwards in ray of hope for Eurozone August 29, 2019 France’s economy grew faster than initially estimated in the second quarter in a piece of good news for the struggling Eurozone, official statistics have shown. Read more: German consumers surprisingly upbeat as country slides towards recession French GDP grew by 0.3 per cent in the second quarter of 2019, up from an initial estimate of [...]
