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Economy

Critics, including those who regret the outcome of the referendum, accuse her of exploiting Brexit and Corbyn's unpopularity to make a power grab. He urged Jeremy Corbyn , the Labour leader, not to run a "conventional partisan election" operation and treat Britain's exit from the European Union as a side issue alongside the NHS and austerity cuts.
  • Theresa May aims to woo Labour voters with Brexit strength pitch

    Economy

    Shadow secretary of state for housing John Healey said: " From falling home-ownership to rising homelessness, Britain has a desperate housing crisis and needs many more good homes. The former prime minister, who has been a vocal critic of Corbyn from the start, said the real issue in the campaign was not who was going to be prime minister, but making sure the government was held to account over Brexit.
  • Britons to be hit by 'Australia first' working visa clampdown

    Economy

    The new two-year visa will not be a pathway to permanent residency, but anyone now in Australia on a 457 visa will not be affected by the new arrangements. The 457 program will be replaced by two temporary skilled visas - one lasting two years and another lasting four years for critical skills shortages only.
  • Details on Trump's Tax Reform Plan to Be Announced Next Week

    Economy

    He said he worries that the administration's projections of the tax cuts' economic benefits are far larger than would be reasonable to assume. In an interview with The Associated Press , Trump said the plan will result in tax cuts for both individuals and businesses.
  • North Korea 'disrespected' China with missile test, Trump says

    Economy

    North Korea didn't immediately comment on the launch, though its state media on Saturday reiterated the country's goal of being able to strike the continental U.S. Both play out scenarios for a conflict with North Korea, but Seoul and Washington insist they are purely defensive in nature, despite Pyongyang's claims that they are provocative rehearsals for invasion.
  • S&P 500 Futures Slump as U.S. Economy Slows to a Crawl

    S&P 500 Futures Slump as U.S. Economy Slows to a Crawl

    Economy

    At the end of 2016, the economy only grew 2.1 percent. Sal Guatieri, senior economist at BMO Capital Markets, said he expected consumer and government spending to bounce back, leading to a much stronger second quarter. Growth in consumer spending braked to a 0.3% rate, which is the lowest since 2009's fourth quarter. The slowdown was driven by a steep drop-off in purchases of long-lasting durable goods, such as automobiles, appliances and electronics.
  • Oil markets on path to recovery due to Opec deal

    Economy

    Oil prices jumped by more than 10 per cent following the deal with global benchmark Brent crude now trading above $55 per barrel. West Texas Intermediate for May delivery slipped 41 cents to $52 a barrel at 11:30 a.m. Market analysts' expected a crude-stock decline of 1.4 million barrels, while the American Petroleum Institute late Tuesday reported a supply-drop of 840,000 barrels.
  • U.S. economy growth slows strongly in first quarter, 0.7%

    Economy

    Economists forecasted an increase in the GDP to 1.2% for the first quarter of 2017. In the first quarter, investment in home building climbed 13.7%, marking the construction industry as a major engine of US growth. Oxford Economics economics chief Gregory Daco predicted first-quarter growth to come in around 0.9 percent. Additionally, the spending of consumer also took a hit from government took time in issuing income tax refunds to combat fraud.
  • Delta investigates pilot's actions during altercation between passengers

    Delta investigates pilot's actions during altercation between passengers

    Economy

    Delta has since defended the pilot's actions, claiming he was attempting to "deescalate" the fight. Delta confirmed however the man has been cleared of any wrongdoing and subsequently returned to work. Delta Air Lines officials told FOX 5 they are aware of the incident and will be providing at statement soon. Delta later released a statement, saying that the pilot had been removed from duty while the incident was being investigated.