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Sunday, August 18, 2019

ECONOMY

ECONOMY
Donald Trump adds 10% more tariffs on china.

Donald Trump has announced a 10% tariff on $300bn worth goods going into the US from China, starting from September 1. Early today it was...
Mark Carney, Bank of England

Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
Federal Reserve Chairman Jerome Powell; interest rates cut for the first time in a decade.

The US Federal Reserve has cut its key interest rate for the first time in a decade. The cut aims to counter threats ranging from...
Government spending increased in June. Budget deficit is now higher.

Britain’s budget deficit swelled by more than expected last month, after the UK Government borrowed more than £7 billion (€8bn) to help balance the...
Gold Bar; Gold Spot Price; Index

Gold for years has been trading within a range of 1,200-1,400 USD/oz after falling from its highs of 1,900 in 2011. Widely used as...
The OBR finds that Brexit could lead to a decline in GDP and a sharp drop in the pound.

Crashing out of the EU without a deal could push the UK’s economy into recession and increase borrowing by £30 billion (€33bn) a year,...
G20, Japan, Steven Mnuchin, Fukuoka, Huawei, Donald Trump

Finance ministers and central bank chiefs from the Group of 20 major economies concluded a meeting in Japan with a pledge to do all...

G20 finance ministers gathered Saturday to brainstorm ways to adapt global finance to an age of trade turmoil and digital disruptions. The central bank governors...
Donald Trump, Mexico, U.S., Tariffs, Trade, NAFTA, Economy

A top White House official has said US President Donald Trump is “deadly serious” about slapping tariffs on imports from Mexico. But he acknowledged there...
Bank of England, Interest Rates,

The Bank of England has held interest rates at 0.75% once more with Brexit uncertainty reaching its peak as Prime Minister Theresa May battles...