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Updated: 16 min 8 sec ago

Brexit deadline looms over day of Anglo-French solidarity

Thu, 18/06/2020 - 19:20
Prime Minister Boris Johnson told France's President Emmanuel Macron that talks on a post Brexit deal cannot drag on into the autumn, as the French leader visited London to mark the 80th anniversary of General de Gaulle's call for wartime resistance,

UK ditches homegrown COVID-19 tracing app to use Google-Apple model

Thu, 18/06/2020 - 19:15
Britain will switch to the Apple and Google model for its COVID-19 test-and-trace app, ditching an attempt to develop an app by itself after the homegrown system did not work well enough on Apple's iPhone, the government said on Thursday.

'Taking the knee' seems to be from Game of Thrones - foreign minister Raab

Thu, 18/06/2020 - 18:57
British foreign minister Dominic Raab said on Thursday that "taking the knee" seems to have come from the fantasy TV drama series "Game of Thrones" and felt like a symbol of subjugation and subordination.

Former White House aide Bolton says Trump not 'fit' to be president

Thu, 18/06/2020 - 18:51
Former top White House aide John Bolton delivered a damning indictment of his former boss, saying Donald Trump's behavior in office and dealings with foreign leaders showed he was unfit to be president of the United States.

Satellite images suggest Chinese activity at Himalayan border with India before clash

Thu, 18/06/2020 - 18:49
In the days leading up to the most violent border clash between India and China in decades, China brought in pieces of machinery, cut a trail into a Himalayan mountainside and may have even dammed a river, satellite pictures suggest.

Wirecard scrambles to find missing €1.9 billion as loan crunch looms

Thu, 18/06/2020 - 17:53
Wirecard's auditor has refused to sign off its 2019 accounts over a missing 1.9 billion euros (£1.7 billion), sending its shares down more than 60% as the German payments firm said the delay could cause billions in loans to be called in as soon as Friday.

Factbox: German payments firm Wirecard and its missing billions

Thu, 18/06/2020 - 17:53
Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign off on its 2019 accounts, knocking more than half the value off its shares on Thursday.

OPEC+ pushes for compliance, undecided on oil cut extension

Thu, 18/06/2020 - 17:43
An OPEC+ panel pressed countries such as Iraq and Kazakhstan on Thursday to comply better with oil cuts and left the door open for extending or easing record production curbs from August.

Diplomacy in the time of coronavirus: Johnson and Macron trade bows, thumbs up

Thu, 18/06/2020 - 17:32
Standing apart on either side of a strip of red carpet outside Number 10 Downing Street, Prime Minister Boris Johnson and French President Emmanuel Macron demonstrated the unusual reality of international diplomacy in the coronavirus era.

London stocks slip as BoE slows bond purchases; AstraZeneca weighs

Thu, 18/06/2020 - 16:58
UK shares fell on Thursday after the Bank of England's slowed the pace of its huge bond-buying programme, while a surge in coronavirus cases in the United States and China fanned fears of a second wave of infections.

UK says EU trade deal will be difficult if no progress before October

Thu, 18/06/2020 - 16:19
Britain warned the European Union on Thursday that it would be difficult to conclude a Brexit free trade deal by the end of the year unless broad agreement had been reached by October.

World stock markets slip on second wave virus fears, safe-havens rise

Thu, 18/06/2020 - 16:14
Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.

Lloyd's of London to pay for 'shameful' Atlantic slave trade role

Thu, 18/06/2020 - 15:32
The Lloyd's of London insurance market has apologised for its "shameful" role in the 18th and 19th Century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority groups.

Bank of England slows bond purchases as it sees some recovery signs

Thu, 18/06/2020 - 15:25
The Bank of England slowed the pace of its huge bond-buying programme on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown.

UK ditches COVID-19 app model to use Google-Apple system

Thu, 18/06/2020 - 15:19
Britain on Thursday said it would switch to Apple and Google technology for its test-and-trace app, ditching its current system in a U-turn for the troubled programme.

Germany wants to rescue talks with U.S. on digital services tax

Thu, 18/06/2020 - 14:39
Germany wants to rescue talks with the United States on how to tax big digital firms such as Google , Amazon and Facebook , the finance ministry said on Thursday after Washington pulled out of the negotiations.

Shunning international tax talks could trigger trade war - OECD

Thu, 18/06/2020 - 14:06
Failure to work towards an international deal on taxing big digital companies could trigger a dangerous trade war, the OECD said on Thursday, urging countries to remain engaged in talks after Washington announced it was pulling out of them for now.

World stocks drift lower as second wave virus fears mount

Thu, 18/06/2020 - 13:24
Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic comeback from the pandemic.

BoE adds £100 billion to stimulus war-chest but slows bond-buying

Thu, 18/06/2020 - 13:08
The Bank of England increased its bond-buying programme by a further 100 billion pounds on Thursday to help steer the economy away from its record coronavirus slump, but sharply slowed the pace of its purchases.

Macron visits London to mark de Gaulle's WW2 resistance call and talk Brexit

Thu, 18/06/2020 - 12:01
French President Emmanuel Macron visits London on Thursday for a ceremony to mark the 80th anniversary of General de Gaulle's call for wartime resistance, and also to discuss Brexit and the COVID-19 pandemic with Prime Minister Boris Johnson.