August 23, 2018

No-deal Brexit will bring tangle of red tape, Britain warns companies

Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card […]
August 23, 2018

UK calls for extra six weeks of Brexit drug stockpiles

The British government called on Thursday for drugmakers to build an additional six weeks of medicines stockpiles to cope with potential supply disruption in the event […]
August 23, 2018

L Brands slides on weaker demand for Pink lingerie

Shares of L Brands Inc hit their seven-year low on Thursday after the parent of Victoria’s Secret cut its full-year earnings forecast, blaming falling demand for […]
August 23, 2018

Drop in U.S. jobless claims points to labor market strength

The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and […]
August 23, 2018

Britons living in EU could lose access to UK bank accounts in no-deal Brexit

Britons living in the European Union could lose access to their UK bank accounts and businesses on the continent could be cut off from investment banks […]
August 23, 2018

British businesses relieved at no-deal Brexit VAT tweak

British business welcomed a commitment from the government to change how import VAT has to be paid should Britain leave the European Union without a deal […]
August 23, 2018

S&P edges up as tech stocks gain; Jackson Hole in focus

The benchmark S&P 500 edged higher on Thursday as technology stocks rose, though gains were restricted by declines in commodity-related stocks and trade-sensitive sectors after new […]
August 23, 2018

U.S.-China talks on trade war resume as new tariffs kick in

The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even […]
August 23, 2018

Volkswagen to invest $4 billion to build digital businesses, software

Volkswagen will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers […]
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