The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Conservative. liberal groups targets red-state Democrats with Supreme Court ads

Liberal and conservative groups said they plan campaigns to convince Democrats in states Trump won to support or oppose Supreme Court nominee Brett Kavanaugh. Judicial Crisis Network, a conservative political advocacy organization, said Monday it is launching a $1.4 million ad-buy to support Kavanaugh, President Donald Trump’s nominee. The ads will run for one week in four states: Alabama, Indiana, […]

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UK watchdog sees no appetite from banks to rip up rules after Brexit

LONDON (Reuters) – Britain’s banks and insurers do not want their rulebooks dismantled after Brexit and the ability to ease regulation will depend on the country’s future trade deal with Europe, Financial Conduct Authority Chair Charles Randell said on Wednesday. The Chair of the Financial Conduct Authority (FCA) Charles Randell, speaks at a Reuters Newsmaker event, in London, Britain July […]

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Papa John’s founder resigns as chairman amid n-word scandal

Papa John’s founder John Schnatter resigned as the company’s chairman on Wednesday night after fallout over his use of the n-word during a conference call. The company released a statement that said the directors had accepted Schnatter’s resignation. “Papa John’s will appoint a new Chairman in a couple of weeks,” the statement read. Forbes reported earlier on Wednesday that Schnatter […]

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Oil falls after Trump threatens to escalate trade war with new tariffs

TOKYO (Reuters) – Oil prices fell on Wednesday, with Brent dropping by more than $1 at one point, after U.S. President Donald Trump threatened to levy new trade tariffs on China. FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder/File PhotoThe specter of tariffs on a further $200 billion worth […]

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Will Donald Trump meet Boris Johnson? ‘Not sure,’ says U.S. ambassador

LONDON (Reuters) – The U.S. Ambassador to London on Wednesday said he was unsure whether President Donald Trump would meet Boris Johnson, who resigned from Prime Minister Theresa May’s government, during his upcoming trip Britain. FILE PHOTO – United States ambassador to the Court of St James Woody Johnson speaks during a press preview at the new United States embassy […]

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Russia accuses NATO of having bases ‘snuggled’ up to its borders

MOSCOW (Reuters) – Russia’s defense minister, in a newspaper interview published on Wednesday as NATO began a two-day summit, criticized the United States and the U.S.-led military alliance for moving up forces and bases close to the Russian border. FILE PHOTO: Russian Defence Minister Sergei Shoigu enters a hall during a meeting with Foreign Minister Sergei Lavrov, Egyptian Foreign Minister […]

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After Tesla deal, Shanghai to speed up cancellation of foreign…

SHANGHAI (Reuters) – Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla (TSLA.O) said it would build a wholly owned auto plant in the city. FILE PHOTO: A woman sits in a Tesla Model 3 car during a media preview at the Auto China […]

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