The governor of the Bank of England has warned that uncertainty over Brexit is already weighing on the economy. Mark Carney's comments came as the Bank voted to hold rates and cut growth forecasts. It edged this year's growth forecast down to 1.7% from its previous forecast of 1.9% made in May and also cut the forecast for 2018 from 1.7% to 1.6%.
Labour MP close to Jeremy Corbyn has criticized the US's decision to impose sanctions on the Venezuelan president. Chris Williamson said it would be better to facilitate talks between the government and opposition amid ongoing political unrest and violence.
Venezuela's state-run PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia's Rosneft, following a plan signed in May to catch up on overdue deliveries, according to PDVSA documents, sources from the company and its joint ventures.
Qatar has filed a complaint with the World Trade Organization over a trade embargo imposed by its Gulf neighbors. The complaint accuses Saudi Arabia, Bahrain and the United Arab Emirates of violating the trade group's core laws and conventions on trade of goods and services, and trade-related aspects of intellectual property, according to a statement from Qatar's ministry of economy and commerce.
The 100th anniversary of the first time an aircraft touched down on the deck of a moving ship is to be marked. Squadron Commander Edwin Dunning landed a Sopwith Pup biplane on HMS Furious in Scapa Flow, Orkney, on 2 August, 1917.
Asian markets paused for breath Thursday after Wall Street smashed through 22,000 for the first time, with regional traders focused on fresh clues on the health of the US economy. Strong Apple earnings propelled the Dow above the barrier to mark its sixth straight record close — but the tech-heavy Nasdaq closed marginally lower.
Prince Philip, the 96-year-old husband of Britain’s Queen Elizabeth, bowed out of public life on Wednesday with his final solo appearance at an official event, ending a royal career marked by occasional gaffes that landed him in hot water.
With whisky boosting the UK economy by about £5 billion a year, Scottish Secretary David Mundell said ministers are keen to open up new markets around the world for the iconic drink. He spoke out ahead of a meeting on the island of Islay, in the Hebrides, which is home to several distilleries.
Venezuela's close ally China said it believed voting in the country's Constituent Assembly election was generally held smoothly, brushing off widespread condemnation from the United States, Europe and others and evidence of voting irregularities.
United States president Donald Trump grudgingly signed into law new sanctions against Russia on Wednesday, a move Moscow said amounted to a full-scale trade war and an end to hopes for better ties with the Trump administration. Congress overwhelmingly approved the legislation last week, passing a measure that conflict with the Republican president's desire to improve relations with Moscow.