International

• Saturday, August 4th 2018 - 12:04 UTC

  The possibility of a “no deal Brexit is uncomfortably high”, wars Carney

  

  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.

• Saturday, August 4th 2018 - 11:54 UTC

  Trade war: “China's countermeasures are rational”, argues Beijing

  

  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.

• Saturday, August 4th 2018 - 11:48 UTC

  Leading business group complains of “information void” on Brexit

  

  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.

• Friday, August 3rd 2018 - 10:03 UTC

  Gibraltar has detailed contingency plans for all levels of Brexit

  

  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.

• Friday, August 3rd 2018 - 09:53 UTC

  British Armed Forces face consultation review of the Troubles

  

  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”.

• Friday, August 3rd 2018 - 09:44 UTC

  Apple becomes the first company to hit a market cap of US$ 1 trillion

  

  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.

• Friday, August 3rd 2018 - 09:27 UTC

  Bank of England rate hike, but “policy needs to walk not run”, says Carney

  

  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.

• Thursday, August 2nd 2018 - 08:21 UTC

  Winner of Math's' Nobel enjoys gold medal for fifty minutes, in crime-ridden Rio

  

  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.

• Wednesday, August 1st 2018 - 20:13 UTC

  Fed leaves benchmark interest rate unchanged; core PCE climbs to 2% in second quarter

  

  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.

• Wednesday, August 1st 2018 - 08:59 UTC

  Change of Chinese import duties impacts on Jaguar Land Rover profits

  

  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”.