Britain’s parliament backed a second reading of legislation to sever ties with the European Union early on Tuesday, a reprieve for Prime Minister Theresa May who now faces demands by lawmakers for concessions before it becomes law.After more than 13 hours of speeches for and against the legislation, which May says is essential for Brexit […]
Articles by Craig Erlam
The United Nations Security Council approved new sanctions aimed at punishing North Korea for its latest missile and nuclear tests after the U.S. dropped demands such as an oil embargo to win support from Russia and China.The 15-member council passed the resolution unanimously Monday following a week of talks that began when Kim Jong Un’s […]
Even before North Korea detonated its most powerful nuclear bomb yet, Japan was calling for moves to cut off its oil supply.Afterward, U.S. President Donald Trump threatened to halt all trade with any country that does business with Kim Jong Un’s regime. China, which supplies most of its food and fuel, on Monday called the […]
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Gold prices have spiked to their highest point in almost a year as safe-haven assets continue their march upwards against a backdrop of ongoing tensions surrounding North Korea and its nuclear program.The precious metal edged around 1 percent higher in early Monday trade, hitting $1,338.16 per troy ounce by 9:30 a.m. London time, to stand […]
Chancellor Angela Merkel fended off competition from rival Martin Schulz Sunday night as the two leading candidates went head-to-head in their only televised debate ahead of this month’s German election.The incumbent emerged in the lead following a 97-minute duel, which focused on the European migrant crisis, Turkey’s accession to the EU, and the handling of […]
Russia criticised the reaction of the United States and its allies to the latest and most powerful North Korean nuclear test, and warned on Monday that any mis-step could be highly dangerous.“It’s clear in the current situation any clumsy step could lead to an explosion, a political explosion, a military explosion and not just to […]
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Summer’s over and it’s back to work this week for U.K. politicians. Here are eight things you should know as Parliament resumes, starting with Brexit and a debate on the repeal act that will convert all existing European Union law into British law.May is secure for nowThere was a point in June when it looked like Prime Minister Theresa May might not […]
Is Another Rate Hike This Year Still Warranted? If Federal Reserve policy makers were already starting to question the need for another rate hike this year – and the pace thereafter – then this week’s data won’t have made them feel any more comfortable. Thursday’s weak inflation data – continuing this year’s trend of cooling price […]
It’s been a week of two halves, with the start driven by renewed geopolitical tensions after North Korea launched a missile over Japan and the latter by an abundance of economic releases. While risk aversion dominated earlier on – made worse by the devastating impact of Tropical Storm Harvey – it gradually recovered as the […]
Inflation in the euro area picked up more than economists predicted, setting the stage for European Central Bank policy makers to debate the future of their stimulus program.Consumer prices rose 1.5 percent in August after 1.3 percent in July, the European Union’s statistics office said on Thursday. That’s the highest reading in four months and […]
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