Economic News
Top members of Trump administration make progress on tax reform - Politico
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.
North Korea threatens to strike with 'absolute force' as drills continue
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.
UK air passengers could drop by 40% without Brexit aviation deal - report
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.
Barcelona attack suspects appear at Madrid high court
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.
China's Big 4 lenders raising billions for Beijing's 'Belt and Road' drive
China's main state-owned commercial banks are in the process of raising over one hundred billion of yuan to finance Beijing's 'Belt and Road' initiative whose aim is to revive the Silk Road trade routes and internationalise the country's currency.
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.
Nine Elms Square's new owners emerge as Wanda retreats from London
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.
Schulz criticizes Merkel and Trump at SDP rally in Bremen
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.
UK manufacturing orders on the up, finds CBI industrial trends
UK manufacturing order books swelled this month and are expected to remain strong into the autumn thanks to the continued weakness of the pound.
London millennials worry about money more than any other issue
Almost 40% of millennials in London have said that financial concerns are their most pressing issue, according to a new survey from carmaker BMW.
Big supermarkets hit four-year sales record, but discounters taking bigger slice
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.
Pensions Regulator to prosecute former BHS owner 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.
UK public borrowing delivers 'freak' surplus for July
UK public sector borrowing produced a first surplus in July for 15 years thanks to a one-off jump in self-assessment tax receipts.
Freelancers have it better, says freelance work marketplace
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.
Weaker exports, auto scandal weigh on German economic confidence, ZEW says
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.
Trump admits US will not withdraw from Afghanistan
US military forces will remain in Afghanistan for the foreseeable future and may even increase in numbers, according to President Donald Trump.