Economy

Burberry shares down sharply on disappointing holiday sales

Jan 17, 2018

Burberry shares are down 6.6 percent in early trading after the luxury fashion house reported disappointing retail sales for the holiday season.The company says same-store sales for the three months ended Dec. 31 rose 2 percent from a year earlier

Davos organizers: Trump to make last-day address at forum

Jan 16, 2018

World Economic Forum organizers say U.S. President Donald Trump will deliver a closing address at the Davos conference next week, which will focus on "finding ways to reaffirm international cooperation on crucial shared interests."

UK inflation dips for first time since June

Jan 16, 2018

Official figures show that the headline measure of consumer price inflation in Britain dipped for the first time since June following a drop in airfares as well as games and toys

US allies from Korean War meet on North Korean nuke threat

Jan 16, 2018

Secretary of State Rex Tillerson huddles Tuesday with nations that fought on America's side in the Korean War, looking to tighten the economic noose around North Korea over its nuclear weapons even as hopes rise for diplomacy

Big UK government contractor sees shares plunge on debt woes

Jan 12, 2018

Carillion shares fell more than 25 percent Friday as the construction and business services company that is one of the British government's biggest contractors struggled under 1.5 billion pounds ($2.1 billion) of debt

Euro surges amid German government hopes; stocks solid

Jan 12, 2018

The euro surged to three-year highs against the dollar Friday amid signs that the European Central Bank is readying to rein in its stimulus sooner than many in the financial markets had been predicting

After 2017 breakthrough, 2018 is when Brexit gets tough

Jan 11, 2018

After months of spats and false starts, Britain and the European Union ended 2017 by agreeing to have an amicable divorce

Canada launches trade complaint against US over duties

Jan 11, 2018

Canada is challenging U.S. trade practices with an international complaint over Washington's use of punitive duties

Britain presses Germany for Brexit financial services deal

Jan 10, 2018

Britain's Brexit minister and treasury chief say there's no sense in Germany setting up "unnecessary barriers" to trade in goods and services after Britain leaves the European Union

Davos forum organizers: Trump visit to give US 'perspective'

Jan 10, 2018

Organizers of the World Economic Forum say the upcoming of U.S. President Donald Trump to its annual conference in Davos will allow participants "to get a direct perspective on U.S. political and economic priorities."

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