Economic News
CSIS chair in strategy sees risk of nuclear arms race in Northeast Asia
Anthony Cordesman of the Centre for Strategic and International Studies (CSIS) has warned media reporters and think tanks should be "a little more critical and interested in the facts," in light of recent sensationalist journalism regarding the ongoing tensions between North Korea and the United States.
Export industry boasts solid performance in new BCC/DHL Trade Outlook report
The British Chambers of Commerce (BCC), with assistance from DHL, published its latest quarterly international trade outlook Wednesday.
Argos tops list of UK businesses ordered to reimburse underpaid workers
Retail chain Argos topped a 233-strong list of UK businesses which were told to pay back £2m to underpaid workers, the Department of Business, Energy and Industrial Strategy said on Wednesday.
WTI falls back as DoE reveals rise in weekly US oil output
US crude oil stockpiles fell sharply despite rising imports amid still high levels of refinery runs.
Amazon to create 1,000 jobs at new Bristol warehouse
US ecommerce giant Amazon will open a new warehouse in Bristol next year, hiring over 1,000 people in the process.
Used cars sales decline after record first quarter
UK used car transactions skidded lower in the second quarter of 2017, mirroring the fall in new car sales.
China and India troops clash in Western Himalayas
Tension between India and China heightened on Tuesday after Indian and Chinese soldiers briefly clashed in a disputed area of the Western Himalayas, according to a report from Indian officials that was denied by Beijing.
US housing starts miss forecasts in July
The US housing market cooled last month with scant indication in the data that a turnout might be on the cards in the near-term, according to economists.
Energy boss warns of volatile gas prices after rig closure
Gas prices are set for increased volatility heading into winter after the closure of a major storage facility off the east coast of England, the CEO of a key energy alliance group has said.
Euro area GDP accelerates in the second quarter of 2017
Economic activity in the single currency bloc picked-up slightly in the second quarter of the year despite a slightly slower expansion in Germany, the region's largest economy.
UK wage growth inches higher as unemployment falls to 42-year low
UK unemployment has unexpectedly fallen to a new 42-year low and helped nudge average earnings slightly higher, though real wages remain in decline due to elevated inflation.
WTI futures advance after API reports 9.16m barrel stockdraw
Crude oil futures advanced following the release of the latest weekly estimate of US inventories from a private industry group.
Trump faces widespread criticism after regressing on Charlottesville strife
US President Donald Trump is coming in for major criticism within his own Republican party after a fiery press conference at Trump Tower in which he blamed both sides for the unrest caused in Charlottesville last weekend.
Irish hard border will not return, UK Brexit paper says
A UK government positioning paper has said that ensuring there is no hard border between Northern Ireland and the Republic of Ireland will be a top priority as Brexit negotiations continue.
ECB's Draghi not set to deliver fresh policy message, report says
Analysts and traders hoping that European Central Bank governor Mario Draghi might signal a small shift in its policy stance next week may be asked to wait at least a little bit longer.
S&P takes Brazil off CreditWatch, but keeps negative outlook
Standard & Poor's took Brazil's long-term debt ratings off the chopping block after president Michel Temer survived votes in the country's electoral court and in Congress related to corruption charges.