Business

Pound falls after May's Brexit statement

Image copyright Getty Images The pound’s fall against the dollar and the euro has deepened following Theresa May’s assertion after an EU summit that “no deal is better than a bad deal”. Sterling was already trading lower after had EU leaders warned the UK must make compromises on trade and the Irish border to secure […]

Business

Jack Ma: 'No way' to one million US jobs

Image copyright Getty Images Image caption Mr Ma said trade should not be used as a weapon Alibaba founder Jack Ma, who once boasted his e-commerce firm would spur the creation of one million jobs in America, has rowed back on those plans. Citing the ongoing trade war between the US and China, Mr Ma […]

Business

Lib Dems call for sovereign wealth fund

A £100bn “citizens fund” should be created to spread the UK’s wealth more evenly, the Liberal Democrat leader Sir Vince Cable is proposing. He will tell the party’s conference it could be built up through taxes on the richest and the sale of assets, such as the UK stake in Royal Bank of Scotland. Sir […]

Business

Trump 'orders further China tariffs'

Image copyright Getty Images Image caption Workers unload bags of chemicals at a port in Zhangjiagang in China’s eastern Jiangsu province US President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about $200bn worth of […]

Business

CVC's rugby takeover rejected by clubs

Majority investment deal is not a preferred option for Premiership clubs – chairman The £275m sale of a majority share in the Premiership to a private equity firm is “not a preferred option”, member clubs have unanimously agreed. CVC Capital Partners sought a 51% share but Premiership chairman Ian Ritchie said clubs preferred a minority […]

Business

Pound rises on Barnier's Brexit comments

Image copyright Getty Images The pound rose more than 1% against the dollar on Monday, after the EU’s chief negotiator said a Brexit deal was possible within eight weeks “if we are realistic”. Sterling later fell back slightly to $1.3042 by the end of the afternoon. It is the second time in less than a […]