Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the European Union with no deal, comments that drove sterling to an 11-day low against the dollar.
China’s state media said on Saturday the government’s retaliatory tariffs on US$60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics.
Companies have been left in the dark over planning for Brexit amid an “information void”, a leading business group has warned. The Institute of Directors has called on the government to speed up guidance on what companies should expect if no deal on leaving the EU is reached.
The Government of Gibraltar has, since 2016, been preparing for all possible outcomes in relation to the departure of the United Kingdom and Gibraltar from the European Union. This is a perfectly sensible thing to do in view of the ongoing UK/EU discussions and the preparations for all eventualities announced by both sides.
The new head of the armed forces says he will not allow British soldiers to be chased by people making vexatious claims about their conduct in the Troubles in Northern Ireland. Chief of the Defense Staff General Sir Nick Carter told the BBC serving and former service personnel should face action for genuine wrongdoing, but he vowed groundless cases will not happen on my watch.
Apple hit a market cap of US$1 trillion on Thursday — and hung onto the record valuation at market close — as the iPhone maker became the first publicly traded U.S. company to reach US$1 trillion.
The Bank of England announced a rate hike despite ongoing uncertainty over the future of the U.K. economy. The Monetary Policy Committee voted unanimously for an increase in rates from 0.5 to 0.75% on the back of a strong labor market and credit growth.
One of the winners of the award known as the Nobel Prize for mathematics had his gold medal stolen minutes after it was given to him. Caucher Birkar, a Kurdish refugee turned Cambridge University math professor, was among four winners of the prestigious Fields Medal on Wednesday in Rio de Janeiro.
The Federal Reserve held its benchmark interest rate unchanged on Wednesday and reaffirmed its plans to continue raising borrowing costs at a gradual pace. The decision to hold rates had been widely expected and came after a two-day meeting of the Federal Open Market Committee, which dictates monetary policy.
Jaguar Land Rover (JLR) has reported a loss for the first time in three years after sales slowed in China. The UK's biggest car firm, which is owned by India's Tata Motors, blamed the setback on multiple challenges.