ECONOMIC NEWS
16:33
Gove insists 'change needs to come' while calling for plastic bottle deposit scheme
Plastic bottles, packaging. Image: Dotjay

Environment secretary Michael Gove cited the 5p charge for plastic bags when speaking on how a bottle return scheme would require the "enthusiastic embrace" of retailers.

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16:25
US open: Wall Street slips amid weak tech earnings, downbeat GE
EEUU

Wall Street was slightly lower in early trading following disappointing updates from Microsoft and Ebay, alongside weak guidance from industrial conglomerate GE.

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16:02
Irish ambassador calls on UK to remain in Customs Union
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Britain should remain in the EU Customs Union following Brexit in order to avoid problems with the Irish border, the country’s ambassador to the UK said on Friday.

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15:52
Cabinet united on 'pragmatic' Brexit transition period, Gove says
Michael Gove

The cabinet is committed to taking a “pragmatic approach” to free movement in the post-Brexit transition period, environment minister Michael Gove said on Friday, bowing to pressure from the business community and after a new round of talks with European Union negotiators this week.

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14:06
Earthquake strikes Greek island of Kos and coastal towns in Turkey
ep oceano 20170523151903

A powerful earthquake in the Aegean sea has wreaked havoc tourist hot-spots near the Greek island of Kos and off the coast of Turkey, leaving two dead and more than 200 injured.

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12:32
"Brexit impact" slows down rate of house price growth
houses london housing

The largest cities in the UK saw an average increase of 5. 1% in house prices in the twelve months to June 2017, however, the capital saw growth slow to 2. 6%, the slowest rate in more than five years.

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10:31
Goldman Sachs executive urges Brexit transition deal as soon as possible
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The government should seek to implement a significant transition period for Brexit from March 2019, one of Goldman Sachs’ top executives has said.

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10:23
Government borrowing rises more than expected in June
philip hammond, chancellor

Public sector net borrowing rose more than expected in June as inflation meant the government was forced to pay more interest on its debt, according to data from the Office for National Statistics.

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10:09
UK property transactions fall again - HMRC
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The number of homes being sold in the UK has shrunk for the third month in a row, according to official figures released on Friday.

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09:45
ExxonMobil fined $2m for violating Russia sanctions
cbrextillerson

US oil corporation ExxonMobil has been fined $2m by authorities in the country for the violation of sanctions handed out to Russia during Rex Tillerson’s time as CEO.

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05:35
Citi starts Tesla shares at neutral
cbtesla26

Citi initiated coverage on shares of American electric vehicle manufacturer Tesla with a neutral rating and a $357 price target, which was roughly 10% above the company's then current share price.

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20 Jul
Major dark web marketplaces shut down by US government
accord-entre-le-parlement-europeen-et-les-etats-membres-sur-la-cybersecurite

US security officials claimed a major victory on Thursday as two of the so-called dark web’s largest marketplaces were shut down.

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20 Jul
Sir Vince Cable elected unopposed to Lib Dem leadership
Liberal Democrats Lib Dems

Sir Vince Cable has been named the new leader of the Liberal Democrats Party, becoming the oldest leader of the party in its history.

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20 Jul
Theresa May's new Brexit business council to meet
brexit mx port

Theresa May will meet with senior figures in some of the UKs largest companies later on Thursday in an effort to assuage some of the growing concerns over the governments Brexit plans and how it will affect trading moving forward.

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20 Jul
Euro area consumer confidence dips in July
500 euros

Consumer confidence in the single currency bloc slipped a tad, the European Union's executive arm said.

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20 Jul
'We're not there yet, financing conditions favourable' ECB's Draghi says
1euro

"We're not there yet", European Central Bank chief Mario Draghi said in his press conference when asked whether monetary policy needed to remain as accommodative as it was.

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20 Jul
Philly Fed index falls more than estimated in July
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Manufacturing conditions in the Philadelphia region deteriorated more than expected in July, according to a survey released on Thursday.

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20 Jul
US jobless claims drop more than expected
City workers

The number of Americans filing for unemployment benefits fell more than expected last week, according to data from the Labor Department.

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20 Jul
ECB keeps policy rates unchanged, as expected
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The European Central Bank kept all its main policy rates unchanged on Thursday, as expected.

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20 Jul
IOD study highlights businesses' unpreparedness regarding Brexit plans
brexit portada

The Institute of Directors (IoD) says in a study published Thursday morning that only 11% of British companies have begun to implement contingency plans for Brexit.

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