Economic News
US consumer confidence recovers in September as Democrats grow more optimistic
US consumer confidence overall rose back to its highs from April, having moved roughly sideways since then, the results of a closely-followed survey revealed.
EU agrees to purchase Sanofi/GSK Covid-19 vaccine
The European Union agreed an advance purchase agreement with Sanofi and GlaxoSmithKline for the companies' potential Covid-19 vaccine.
UK govt refuses to rule out second Covid lockdown
The UK government on Friday has refused to rule out a second national coronavirus lockdown as the number of infections continued to rise.
UK retail sales grow again in August as recovery continues
UK retail sales grew for the fourth month in a row in August as the post-lockdown recovery continues, according to data released by the Office for National Statistics on Friday.
US manufacturing strengthens in September, Philly Fed says
Manufacturing sector conditions in the US mid-Atlantic region continued to firm in September, the results of a closely-followed survey revealed.
Secondary US jobless claims fall sharply
US unemployment claims only dipped a little over the preceding week, but those not being filed for the first time fell sharply.
Martin Franklin-backed blank cheque company to launch on London market - report
A group of investors are poised to float a special purpose acquisition company on the London Stock Exchange, with the intention of raising $750m.
BoE leaves policy unchanged but examines negative rates
The Bank of England left monetary policy unchanged but said it would step up discussions about how to implement negative interest rates at a time of unusual economic uncertainty.
Saudi could have enough uranium ore to produce own nuclear fuel
Saudi Arabia could have enough mineable uranium ore reserves to kickstart its domestic production of nuclear fuel, according to confidential reports from China that were seen by the Guardian.
Deloitte fined record £15m for failings in audits of its software company
Deloitte was fined a record £15m fine over failings regarding audits of its software company Autonomy between 2009 and 2011.
EU car sales slow as demand eases
EU car sales slowed in August as demand built up during the Covid-19 lockdowns slowed, industry figures showed.
US database specialist Snowflake rockets on first day of trading
Shares in Snowflake were being called to start trading at as high $175, or 46% above the price set for their initial public offering.
Pound jumps after government strikes deal with Tory rebels over Internal Market Bill
The government has reached an agreement to add a layer of parliamentary oversight to its plans to potentially override part of the country's withdrawal treaty with the European Union.
Hut Group shares soar as trading gets underway
The Hut Group saw its shares soar on Wednesday as trading in the e-commerce beauty business got underway, marking the largest debut on the London market in recent years.
Eli Lilly monoclonal antibodies may reduce Covid-19 hospitalisations, study shows
Monoclonal antibodies being trialled by Eli Lilly appeared to help some patients rid themselves of the Covid-19 vrius more quickly.
Government extends ban on business evictions until end 2020
The UK government has extended its ban on evictions for commercial tenants until the end of the year amid the Covid-19 crisis.
Madrid may tighten mobility restrictions, Bank of Spain cuts GDP forecasts
The regional government of Madrid appears set to tighten mobility restrictions in several of the districts and suburbs witnessing the most rapid increases in Covid-19 infections.
US retail spend slows in August as auto and gasoline sales drag
US retail sales volumes grew more slowly than anticipated last month, weighed down by slower growth in consumer spend for autos and at gasoline stations.
Card activity declines, despite lockdown measures easing - UK Finance
Debit and credit card activity eased in June, industry data showed on Wednesday, despite the relaxation of lockdown measures and shops reopening.
Lenders must support credit card users once payment holidays end - FCA
The regulator is calling on lenders to support customers facing financial difficulties, as measures introduced to help borrowers through the worst of the Covid-19 pandemic come to an end.
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