Global markets rocked as US-China trade and tech rift deepens | Business

The deepening trade and technology war between the US and China has sent global stock markets sharply lower and prompted a warning from the IMF of the increasing risks to the global economy. Shares fell sharply in Europe and North America on Thursday as investors took fright at the the intensifying war of words between […]

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Shares slide and pound dives as trade war and Brexit fears mount – business live | Business

12.05pm BST12:05 Germany’s DAX index is on track for its biggest one-day drop since February, Reuters points out. 12.03pm BST12:03 Donald Trump’s famous claim that trade wars are “good, and easy to win” is looking increasingly mistaken. A year on, Beijing has not backed down, and US farmers are suffering the impact of higher tariffs […]

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Trade war: China keen to talk, as US mulls blacklisting more firms – business live | Business

8.48am BST08:48 China: US is trying to smear our firms Breaking: Beijing has hit back against the threat of more Chinese companies being blacklisted in the US. Foreign ministry spokesman Lu Kang has told reporters that Beijing opposes America using its powers to “smear” Chinese firms. He’s calling on the US to provide a fair […]

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UK factories hit by falling orders; Jamie Oliver restaurant crisis – business live | Business

“I am deeply saddened by this outcome and would like to thank all of the staff and our suppliers who have put their hearts and souls into this business for over a decade. “I appreciate how difficult this is for everyone affected. “I would also like to thank all the customers who have enjoyed and […]

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Bank of England warns investment will suffer under no-deal Brexit | Business

Businesses would be likely to cancel their investment projects in Britain under a no-deal Brexit, paving the way for weaker economic growth in future, a deputy governor of the Bank of England has warned. Ben Broadbent, a senior policymaker at Threadneedle Street as the deputy governor for monetary policy, said that business investment plans that […]

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Oil prices rise amid production cuts and Trump Iran threats – business live | Business

11.11am BST11:11 Greenpeace activists abseiled down the outside of the BP offices in London. Photograph: Chris J Ratcliffe/Getty Images BP is not happy with the Greenpeace protestors blockading their offices. The activists earlier abseiled down from the top of the building and put letters reading “climate emergency” over the office windows. BP said that impeding […]

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Germany shrugs off recession fears, but China’s economy stumbles – business live | Business

German criminal prosecutors, police and tax investigators this morning began raiding eleven German lenders looking for evidence of suspected tax fraud by clients of a former Deutsche Bank offshore unit. The raids are taking place in Frankfurt and six other cities across Germany and involve officers from the Federal Criminal Police, the Hamburg State Office […]

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UK unemployment rate hits new 44-year low but wage growth slows – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Wars, we’re told, are 99% boredom and 1% terror. But you simply can’t be bored by the US-China trade war, which has intensified dramatically this week. Asian stock markets have slumped to three-month lows today, following […]

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Trade war: Trump warns China not to retaliate over tariffs – business live | Business

Smiles, but still miles apart. Chinese Vice Premier Liu He (left) leaving talks with U.S. Treasury Secretary Steven Mnuchin (centre) and U.S. Trade Representative Robert Lighthizer last Friday Photograph: Chip Somodevilla/Getty Images Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Trade tensions are weighing […]

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Britain has favoured the old over the young for too long | Business

Older people are a nervous, anxious bunch. We know this from the way they vote. By quite a large margin, the over-65s vote for the Conservative party. Shoring up their wealth has become a priority during a period when Britain’s economic outlook has become more uncertain and their own finances may need to cope with […]

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