US adds 130,000 jobs in August as trade war slows growth September 6, 2019 The US added a modest 130,000 jobs to the economy in August, as its trade war with China finally appeared to take a toll on hiring. The figure fell to just 96,000 jobs excluding government recruitment last month, the lowest number since May. Read more: Sterling falls as investors remain cautious ahead of US jobs [...]
Labour MPs attempt to reintroduce old Brexit deal September 3, 2019 A number of Labour MPs are seeking to reintroduce the old Brexit agreement, struck during Theresa May’s leadership, in the hope of blocking a no-deal. Stephen Kinnock and a team of 17 MPs including Gloria De Piero, John Mann, Caroline Flint and Sarah Champion, who argue that a further extension will “leave the most of [...]
US manufacturing sector shrinks for first time in three years, survey shows September 3, 2019 The US manufacturing sector shrank for the first time in three years in August, according to a respected industry gauge, as trade tensions and a global economic slowdown weigh on factory output. Read more: Donald Trump says China talks going well and turns fire on EU The purchasing managers’ index (PMI) from the Institute for [...]
Donald Trump says China talks going well and turns fire on EU September 3, 2019 US President Donald Trump has said his country is “doing very well” in its negotiations with China and urged Beijing to reach a deal before the 2020 presidential elections. Read more: US-China trade war escalates with fresh tariffs He said that if a trade deal was still under discussion and he won the election, he [...]
Sebastian Soderberg battled his demons to break his European Tour duck and pip world No1-in-waiting Rory McIlroy September 2, 2019 Sebastian Soderberg would have been forgiven for thinking his chance to win a first European Tour title at the 50th attempt had gone when he three-putted and bogeyed the 17th hole of the European Masters on Sunday. Had the 28-year-old Swede made par he could have played the final hole with a degree of comfort. [...]
Asian stocks slip after US-China trade war escalates with fresh $110bn tariffs September 2, 2019 Asian stocks stumbled overnight after the US escalated its trade war with China, with a series of fresh tariff hikes on goods amounting to roughly $110bn (£90.5bn). Tokyo’s Nikkei index fell 0.41 per cent, while Hong Kong also fell 0.76 per cent. Shanghai’s SSE Composite index rose 1.31 per cent, however, while South Korea’s main [...]
Uber’s quiet cabs are sapping our social skills August 30, 2019 Uber’s recent move to offer passengers a “quiet preferred” option sparked a lively debate online, with some praising the move and others sharing stories of overly chatty drivers disturbing their journeys. Others bemoaned the change, branding it “dehumanising” for the drivers and “entitled”. Whatever side of the fence you sit on, there’s no denying that [...]
DEBATE: Is Bill Dudley right to argue that central bankers should fight back against politicians like Trump? August 29, 2019 Is Bill Dudley right to argue that central bankers should fight back against politicians like Trump? Vicky Pryce, former joint head of the Government Economic Service, a board-member of CEB,R and co-author of It’s the Economy, Stupid, says YES. At first reading, former Federal Reserve policymaker Bill Dudley seems to be making a political statement. [...]
Global stock markets dragged down as recession warning lights flash August 28, 2019 US stock markets have opened lower as a recession warning light continues to flash over the American economy. Read more: Sterling could hit 35-year low on no-deal Brexit worries They followed their European counterparts, which were also affected by news that UK Prime Minister Boris Johnson is set to suspend parliament in what critics are [...]
US consumer confidence dips as expectations about economy fall August 27, 2019 US consumer confidence fell slightly in August following an increase in July, according to a closely-watched gauge, as expectations about the economy’s short-term prospects declined. Read more: Fed will ‘act as appropriate’ to maintain US expansion, vows chair Jay Powell Nonetheless, the drop in confidence was less than economists had predicted as consumers remain relatively [...]