Economic News
US identified as ideal trade partner for UK food and drinks exports post-Brexit
The US was identified by the government as providing significant opportunities for a trade deal post-Brexit where food and drink was concerned, said the Food and Drink Federation.
Tourist numbers rise as the pound falls
According to a report from the Office for National Statistics 3. 5m overseas residents visited the UK in June, bringing a £2. 2bn boost to the economy along with them.
Decision on Bannon's future with White House imminent
White House chief of staff John Kelly's decision regarding Steve Bannon's future with the administration is reportedly imminent.
Odds slashed on Trump resignation after disastrous week
Bookmakers Paddy Power has cut its odds on US President Donald Trump to resign to evens after a controversial week for the former reality television star.
Leaving EU without trade deal would not hurt UK - Thinktank
Leaving the European Union without a trade deal in place would not be a disaster for the British economy, a right-wing think tank claimed on Friday.
US consumer confidence rises in August, but University of Michigan sceptical
Better expectations for the economy overall and for personal financial prospects saw US consumer confidence rise in August, the results of a widely-followed survey showed.
Spending at pubs and restaurants holds up despite consumer squeeze
Spending in at pubs and restaurants in July held firm at fairly subdued levels in July, according to new research published on Friday that indicates consumers are prioritising certain types of spending.
Barcelona terror attack kills 13; Catalan police foil second attack in Cambrils
A terrorist attack claimed the lives 13 people in Barcelona after a van speed through the busy central street of Las Ramblas on Thursday thoroughfare, with a second attack in the seaside town of Cambrils ending with death of five assailants.
Euro area current account surplus slips in June
The euro area's current account surplus shrank in June amid a sharp drop in the primary income balance and a worsening on that for secondary income.
Euro area construction dips in June
Construction output in the euro area retreated in June amid sharp declines in Germany and France, the bloc's main engines.
Iraq looks to 'return to the Arab fold'
As Iraq is set to hold national elections next year it is said to be working towards an alliance with Saudi Arabia that would aid the nation in its estimated $100bn rebuilding project.
Gary Cohn stays on as White House chief economic adviser
On Thursday, a spokesman for the oval office denied rumours that National Economic Council director, Gary Cohn would be stepping down as a result of the President's controversial comments about the "very fine" people protesting alongside neo-Nazis in Charlottesville, Virginia over the weekend.
Third Trump council falls after Charlottesville controversy
Another business council in the White House has been scrapped just days after last week’s Charlottesville violence, following widespread criticism of Donald Trump’s response to the incident.
German factory prices dip in July
Factory prices in the Eurozone's largest economy slipped by slightly less than was anticipated last month.