Economic news and events

Nadhim Zahawi and Jeremy Hunt dumped from Tory leadership contest

Chancellor Nadhim Zahawi and former Cabinet minister Jeremy Hunt have been eliminated from the race to succeed Boris Johnson as Conservative leader after the first...

Wed, 13/07/2022 - 17:21

TOP NEWS SUMMARY: Brent oil dips below $100 on recession fear

The following is a summary of top news stories Wednesday.

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COMPANIES

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Twitter sued Elon Musk for breaching the $44 billion contract he signed...

Wed, 13/07/2022 - 10:44

UPDATE: UK May trade deficit narrows slightly; industrial output rises

The UK economy defied expectations and grew 0.5% monthly in May, while industrial production strengthened and the nation's trade deficit narrowed, official figures showed on...

Wed, 13/07/2022 - 08:34

LONDON BRIEFING: UK economy surprises with half percent of growth

The UK economy defied expectations and grew 0.5% monthly in May, while industrial production strengthened and the nation's trade deficit narrowed, official figures showed on...

Wed, 13/07/2022 - 08:27

TOP NEWS: UK economy surprises with 0.5% monthly improvement in May

The UK economy defied expectations and strengthened in May, figures on Wednesday showed, following a contraction in April.

According to the Office for National Statistics,...

Wed, 13/07/2022 - 07:17

UK leader hopefuls should avoid ‘doomed to fail’ tax cuts - CBI

UK Conservative leader contenders should focus on long-term growth policies and not tax cuts that are ‘doomed to fail’, the CBI business group has warned....

Wed, 13/07/2022 - 05:59

Common sense Thatcherism needed for UK economy, says PM hopeful Sunak

Rishi Sunak, seen as one of the leading candidates to replace Boris Johnson, has said that he would run the UK economy like Margaret Thatcher....

Wed, 13/07/2022 - 05:55

UPDATE: Eight go forward into first round of Tory leadership race

Eight contenders will be on the ballot paper when Tory MPs begin voting on Wednesday to elect a successor to Boris Johnson, the chair of...

Tue, 12/07/2022 - 21:34

Sunak and Truss win split Cabinet backing, as Patel rules out bid for No 10

Rishi Sunak and Liz Truss have won the backing of influential Cabinet members in the race to succeed Boris Johnson, as Priti Patel ruled herself...

Tue, 12/07/2022 - 18:14

UPDATE: Sunak not prepared to 'demonise' UK PM in leadership bid

Rishi Sunak said he is not prepared to ‘demonise’ Boris Johnson and insisted the prime minister's controversial former aide Dominic Cummings has ‘absolutely nothing’ to...

Tue, 12/07/2022 - 14:02

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