ECONOMIC NEWS
22 Aug
Top members of Trump administration make progress on tax reform - Politico
trump cabinet

Top members of the Trump administration and key Republican congressmen have reportedly made significant progress on the broad contours of an overhaul of the country's tax laws beyond the six paragraph framework announced in July by the Secretary of the Treasury which was derided by some as as a 'nothing-burger' document, a report said on Tuesday.

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22 Aug
North Korea threatens to strike with 'absolute force' as drills continue
icbmcorea

Less than 24 hours after annual US and South Korean military drills began in South Korea, Pyongyang accused Donald Trump of being "unimaginably reckless" in his handling of the current situation on the Korean Peninsula.

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22 Aug
UK air passengers could drop by 40% without Brexit aviation deal - report
cbeasyjet

Airports in the UK could see passenger numbers down by as much as 40% if there is no aviation deal agreed ahead of Brexit, Reuters has reported.

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22 Aug
Barcelona attack suspects appear at Madrid high court
ep atentado barcelona

Four men suspected of having a major involvement in terror attacks in Barcelona and surrounding areas last week are appearing in front a high court judge in Madrid on Tuesday.

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22 Aug
Indonesian central bank springs surprise, cuts rates

Indonesia's central bankers surprised financial markets by lowering interest rates in South-East Asia's largest economy on Tuesday with some economists anticipating further cuts.

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22 Aug
Nine Elms Square's new owners emerge as Wanda retreats from London
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Two of Hong Kong's largest property developers, Guangzhou R&F Properties and CC Land Holdings, have replaced Dalian Wanda as buyers of the £470m Nine Elms Square in London's Battersea.

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22 Aug
Schulz criticizes Merkel and Trump at SDP rally in Bremen
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Challenger Martin Schulz stepped up his attack on the incumbent German chancellor, Angela Merkel, as the Social Democratic party attempts to narrow the gap between the two ahead of September’s election.

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22 Aug
UK manufacturing orders on the up, finds CBI industrial trends
coats manufacturing industrial

UK manufacturing order books swelled this month and are expected to remain strong into the autumn thanks to the continued weakness of the pound.

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22 Aug
London millennials worry about money more than any other issue
ep trabajadores jovenes empleo millennials

Almost 40% of millennials in London have said that financial concerns are their most pressing issue, according to a new survey from carmaker BMW.

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22 Aug
Big supermarkets hit four-year sales record, but discounters taking bigger slice
ep lidlzaragoza

UK supermarkets had an eventful past few months, with the big four supermarkets enjoying their strongest run in four years and discounter Lidl stepping up to become the seventh largest grocer in the country.

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22 Aug
Pensions Regulator to prosecute former BHS owner Dominic Chappell
Dominic Chappell

The Pensions Regulator is prosecuting former BHS owner Dominic Chappell for failing to disclose information in connection with the sale of the retailer.

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22 Aug
UK public borrowing delivers 'freak' surplus for July
hmrc

UK public sector borrowing produced a first surplus in July for 15 years thanks to a one-off jump in self-assessment tax receipts.

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22 Aug
Freelancers have it better, says freelance work marketplace
edgar test 10

The so-called gig economy is booming, new research has suggested, with freelance professionals said to have experienced a “significant uplift” of income in the five years between 2010 and 2015.

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22 Aug
Weaker exports, auto scandal weigh on German economic confidence, ZEW says
aleman, germany, alemania

Experts' outlook for the German economy soured in August amid a weaker than-expected export performance by the country and a widening scandal in the automobile sector.

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22 Aug
Trump admits US will not withdraw from Afghanistan
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US military forces will remain in Afghanistan for the foreseeable future and may even increase in numbers, according to President Donald Trump.

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21 Aug
UK to seek 'most frictionless' possible trade agreement post-Brexit
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The UK’s negotiating team will seek an agreement with the EU which "allows the freest and most frictionless trade possible" between the sides post-Brexit.

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21 Aug
NHS facing rate hikes as private hospitals get £52m tax break
brexit-nhs

Private hospitals in the UK are using a tax perk to save £52m on their business rates while NHS services struggle with hikes, new research has shown.

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21 Aug
Government to ban cold calling to protect pensioners from scams
ep pensionistas

The UK government has outlined its plans to combat pension scams in a consultation report on Monday as reports show that fraudsters had collected nearly £5m out of pensioners between January and May alone.

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21 Aug
Household finances still under pressure in August - Markit
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UK households were a little less downbeat about their finances in August, according to the latest survey from IHS and Ipsos, although they continued to expect a deterioration over the next 12 months.

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21 Aug
North Korea issues new threats after US confirms nearby military exercises
corea norte, korea, kim

The US Department of Defence announced on Sunday that its annual joint military exercise with South Korea would begin on Monday and continue through until the end of August.

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