Rising inflation hurts outlook for UK households – survey

Rising inflation weighed on the financial outlook of British households in January, a survey showed on Wednesday, an early sign that price pressures caused by sterling’s fall after the Brexit vote may be starting to worry consumers. The monthly Markit Household Finance Index fell to 43.9 from 45.2 in December, with price pressures playing a “key More...

by subhadip | Published 3 months ago
By subhadip On Tuesday, January 3rd, 2017
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Gunman in Istanbul nightclub attack may have trained in Syria

The gunman who killed 39 people in an Istanbul nightclub on New Year’s Day in an attack claimed by Islamic State appears to have been well versed in guerrilla warfare and may have trained in Syria, a newspaper More...

By subhadip On Tuesday, January 3rd, 2017
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UK manufacturing growth unexpectedly hits 2-1/2-year high – PMI

British manufacturing growth climbed to a two-and-a-half-year high last month, fuelled by new orders from both home and abroad and adding to signs the economy ended 2016 strongly, a survey showed on Tuesday. The More...

By subhadip On Tuesday, January 3rd, 2017
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Dollar, stocks up on upbeat data; oil falls

The U.S. dollar touched a 14-year high boosted by strong data, while upbeat figures out of China and Europe lifted debt yields and major stock markets got off to a higher start in the new year. Crude oil gave up More...

By subhadip On Tuesday, January 3rd, 2017
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Britain’s EU envoy abruptly resigns just months before formal Brexit talks

Britain’s ambassador to the European Union, who sometimes clashed with London over its approach to Europe, abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal More...

By subhadip On Monday, December 12th, 2016
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Lockheed Martin shares suffer after Trump F-35 tweet

Shares in Lockheed Martin have fallen after President-elect Donald Trump said he would cut the cost of its F-35 Joint Strike Fighter after taking office. He tweeted: “F-35 program and cost is out of control. More...

By subhadip On Thursday, December 8th, 2016
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Commerce secretary pick says Mexico has better trade deals than America

Wilbur Ross, President-elect Donald Trump’s choice for Commerce secretary, told CNBC on Wednesday he wants to overhaul “dumb trade” deals that the U.S. has with countries around the world. “Believe More...

By subhadip On Thursday, December 8th, 2016
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May slaps down Johnson over Saudi comments

British Foreign Secretary Boris Johnson was not setting out government policy when he said Saudi Arabia and Iran were stoking proxy wars across the Middle East, a spokeswoman for Prime Minister Theresa May said More...

By subhadip On Thursday, December 8th, 2016
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UK Supreme Court to decide Brexit trigger case as quickly as possible

Britain’s Supreme Court will decide as quickly as possible whether Prime Minister Theresa May can trigger Britain’s exit from the European Union by the end of March without parliament’s assent, More...

By subhadip On Monday, December 5th, 2016
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Uber launches artificial intelligence lab

Ride-sharing service Uber has acquired a New York-based artificial intelligence start-up which it hopes can speed up its progress in creating self-driving cars. The deal, for an undisclosed sum, will see Uber gain More...