US to hit China with new wave of 15 per cent tariffs as trade war escalates August 31, 2019 The US is set to impose new tariffs on a range of Chinese goods on Sunday as the trade war escalates further. The US is expected to hit billions of dollars worth of Chinese imports to the country with a 15 per cent tariff. Read more: US President Donald Trump’s personal assistant leaves White House [...]
Twitter founder Jack Dorsey has account hacked as series of racist messages posted August 31, 2019 Twitter is investigating after the social media network’s co-founder and chief executive Jack Dorsey had his account hacked. A series of offensive and racist messages were posted to Dorsey 4.2m followers on Friday evening. Read more: Google uncovers ‘indiscriminate’ iPhone hack attack lasting years Among them included false reports of a bomb threat at Twitter’s [...]
Toyota to halt production at UK factory day after Brexit August 31, 2019 Toyota is set to pause its production in the UK the day after Brexit in case there is any disruption to the delivery of parts. The car maker has said its work at the Burnaston plant in Derbyshire will stop on Friday 1 November and resume the following week. Read more: Sadiq Khan vows to [...]
Sajid Javid in ‘row’ with Boris Johnson over advisor sacking August 31, 2019 Chancellor Sajid Javid has “voiced his anger” to Boris Johnson after one of his special advisors was sacked. Sonia Khan was escorted from Downing Street on Thursday by police following a meeting with the Prime Minister’s aide Dominic Cummings concerning government leaks. Read more: BrexitBrexit preparation has cut productivity of UK business says Bank of [...]
No-deal Brexit could hit UK banks’ earnings by 25 per cent, says Citigroup August 30, 2019 US bank Citigroup has estimated that the UK leaving the European Union without a deal could cut UK banks’ earnings by as much as 25 per cent. A no-deal Brexit is likely to reduce revenue of high street lenders as economic growth slows and interest rates remain low, a note to clients from Citi analysts [...]
Cadbury ‘Unity’ bar celebrating diversity divides opinion August 30, 2019 Cadbury’s new “Unity” chocolate bar has divided opinion after being released in celebration of Indian Independence Day. The bar contains four different types of chocolate: dark, blended, milk and white. Cadbury said the aim was to champion the unity of “people of different castes, creed, languages, regions and religions”. Read more: Hotel Chocolat credits relentless innovation [...]
Mortgage approvals hit two-year high while consumer credit growth remains stagnant August 30, 2019 Mortgage approvals for July hit a two-year high according to official data released on Friday. The Bank of England data revealed that lenders approved 67,306 mortgages last month, up from 66,506 in June. Read more: Londoners pay highest UK house premium to live closer to a station The housing market has endured a slowdown since [...]
Scottish court rejects legal bid to halt Boris Johnson’s plot to prorogue parliament August 30, 2019 A Scottish court has rejected a bid from campaigners to stall Prime Minister Boris Johnson’s efforts to prorogue parliament until a full hearing is conducted next week. A group of MPs and peers from various parties joined forces to file a petition at Scotland’s highest civil court earlier this summer to prevent Johnson being able [...]
US President Donald Trump’s personal assistant leaves White House August 30, 2019 The personal assistant of Donald Trump, who has served the President since the beginning of his administration, has left the White House with immediate effect. Madeleine Westerhout’s abrupt departure comes after Trump learned on Thursday that she had leaked information about his family and the Oval Office’s dealings in an off-the-record meeting with reporters. Read [...]
UK households’ inflation expectations at highest in six years, survey reveals August 30, 2019 UK households are expecting inflation to rise over the next 12 months as the possibility of a no-deal Brexit increases. The public’s expectations for inflation are at their highest level since 2013, according to a survey from US bank Citi and pollsters YouGov, released on Friday. Read more: UK consumer confidence staggers in face of [...]
