Economic News
Gove insists 'change needs to come' while calling for plastic bottle deposit scheme
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.
US open: Wall Street slips amid weak tech earnings, downbeat GE
Wall Street was slightly lower in early trading following disappointing updates from Microsoft and Ebay, alongside weak guidance from industrial conglomerate GE.
Irish ambassador calls on UK to remain in Customs Union
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.
Cabinet united on 'pragmatic' Brexit transition period, Gove says
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.
Earthquake strikes Greek island of Kos and coastal towns in Turkey
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.
"Brexit impact" slows down rate of house price growth
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.
Goldman Sachs executive urges Brexit transition deal as soon as possible
The government should seek to implement a significant transition period for Brexit from March 2019, one of Goldman Sachs’ top executives has said.
Government borrowing rises more than expected in June
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.
UK property transactions fall again - HMRC
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.
ExxonMobil fined $2m for violating Russia sanctions
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.