Economy

Global slavery report slams North Korea, repressive regimes

Jul 19, 2018

A new report says modern slavery is most prevalent in North Korea and other repressive regimes, but developed nations also bear responsibility for it because they import $350 billion worth of goods that are produced under suspicious circumstances

UK pound sinks below $1.30 after retail sales disappoint

Jul 19, 2018

The British pound has fallen below $1.30 for the first time in ten months after disappointing retail sales news raised further questions over whether the Bank of England will raise interest rates next month

Japan's June trade surplus jumps, while US dealings slip

Jul 19, 2018

Japan's June trade surplus jumps 66 pct, US dealings slip as trade tensions flare

Britain's Boris Johnson says 'not too late to save Brexit'

Jul 18, 2018

U.K. Prime Minister Theresa May plans to address lawmakers from her Conservative Party in an attempt to ease tensions after a series of close votes in the House of Commons underscored the fragility of her government

UK rate hike in doubt after weak inflation figures

Jul 18, 2018

Official figures show that consumer price inflation across the U.K. was unchanged in the year to June, a lower than anticipated outcome that may temper some expectations that the Bank of England will raise interest rates next month

Japan, EU sign trade deal to eliminate nearly all tariffs

Jul 18, 2018

The European Union and Japan signed a pact that will eliminate nearly all tariffs on products they trade in an ambitious deal that runs counter to Trump's moves to hike US tariffs

UK's May faces down revolt over Brexit trade bill

Jul 17, 2018

The official group that campaigned for Britain's exit from the European Union at the 2016 EU referendum has been fined and referred to the police for breaking electoral law

The Latest: UK's May halts revolt over Brexit trade bill

Jul 17, 2018

British Prime Minister Theresa May faced down rebellion over her plans for the country's exit from the European Union, with lawmakers rejecting a key amendment on a Brexit trade bill

UK wage growth dips but interest rate increase seen on track

Jul 17, 2018

Official figures show that wage growth in the U.K. moderated in the three months to May, a development that's unlikely to dislodge expectations that the Bank of England will raise interest rates next month

Heading for clouds: Aviation sector faces trade turbulence

Jul 16, 2018

Aircraft makers at the Farnborough International Airshow say thousands of jobs are at risk in this most international of industries as U.S. President Donald Trump raises tariffs and other countries retaliate.

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