Economic news

European shares strongly began its weekly session on Monday as gains from automakers and miners fueled the upsurge while US-China trade talks brought optimism. The Pan-European STOXX 600 index soared at 0.5% reaching its highest index tally since January 2018. The United States and China disclosed that they made laudable progress primarily focusing on ending […]

Chinese official says breakthroughs made in Asia trade talks A Chinese official on Monday said that breakthroughs had been made in negotiations for an Asian-wide pact that is said to be the world’s biggest trade deal. However, consultations with India are still under way, he said. The details of the deal will be announced later […]

An independent review posted on Monday is backing up Britain’s plan to raise the minimum wage to two-thirds of median earnings. The raise moves the wage to 10.50 pounds or $13.58 per hour. Finance Minister Sajid Javid said in September he would raise the National Living Wage (NLW) to the new target by 2024 and […]

Nigel Farage is accused by Steve Baker, the chairman of the European Research Group, of paving a way for a “weak and indecisive” hung Parliament. Farage is seen by a number of his critics as the “man who threw away Brexit”. A number of his allies have also expressed concerns that Farage may have gone […]

As a Tory leadership may well be in the cards after the Brexit elections on December 12, the GBP/USD is seen to hold on to recovery gains as it takes the bids to 1.2940 before this week’s London open. Opinion polls agree that Tory Leader Boris Johnson is on the lead over the Opposition Party […]

Seen as volatile by political analysts, the electorate is in question regarding the upcoming election on December 12th. Reeling after the Brexit impasse, the Labour Party is split, with a number of them seeing that their only chance of remaining afloat is going to the polls. Labour Opposition leader, Jeremy Corbyn is seen as effective […]

October 31st was supposed to see Britain’s exit from the E.U. But as politics would have it, it didn’t push through. In an interview, Brexit Party leader Nigel Farage said he is, “…deeply, deeply disappointed…it’s a matter of deep regret,”. Regarding if he were dismayed and sorry about missing the deadline, PM Boris Johnson was […]

U.S. Fed cuts interest rates despite global economic slowdown The Federal Reserve had cut interest rates on Wednesday for the third time in the year global economic slowdown. However, the Federal Reserve signaled that there would be no further reductions unless the economy takes a turn for the worse. “We believe the monetary policy is […]

Bombardier in talks to sell three plants to Spirit AeroSystems for $1 billion Canada’s multinational manufacturer Bombardier Inc is in advanced talks to sell three of its facilities to Spirit AeroSystems for more than $1 billion in cash and assumed liabilities according to two sources familiar with the matter on Thursday. The two companies are […]

China to proceed with trade negotiations with the U.S. as planned China’s commerce ministry said on Thursday that Beijing and Washington will proceed with the bilateral trade negotiations according to plan and that the talks have been progressing well. The ministry said in a statement that the two countries remained in clos communication and that […]