Economy and business news from around the world

Economy

Russian hackers breached US electricity network causing blackouts

According to the WSJ, the hackers used conventional spoofing mechanisms to gain access to America's power grid

Jul 24, 2018

By Shubham Sharma

Russia Moscow

US tariffs on $200 billion Chinese goods

Could the US-China trade war be good for UK exports?

The Trump tariffs on billions of dollars of Chinese exports is an opportunity for the UK to negotiate more beneficial trade deals across the pan-Asian area.

Jul 20, 2018

By Siddharth Shankar

Donald Trump

Japan, EU to sign widespread trade deal eliminating tariffs

Prices of European wine and pork will fall for Japanese consumers. Japanese machinery parts, tea and fish will get cheaper for Europe.

Jul 17, 2018

By Associated Press

WATCH: Theresa May's sucker punch to Donald Trump's explosive, undiplomatic remarks

May revealed with an amused expression: "He told me I should sue the EU."

Jul 15, 2018

By Associated Press

Donald Trump Theresa May European Union Brexit

US inflation eats into Trump tax cut as prices hit six year high

Prices rose in June lifted by more expensive gas, car insurance, and higher rent.

Jul 12, 2018

By Associated Press

Donald Trump

U.S. proposes tariffs on $200 billion more in Chinese imports

The Office of the U.S. Trade Representative proposed 10 percent tariffs Tuesday on a list of 6,031 Chinese product lines.

Jul 11, 2018

By Associated Press

Donald Trump

May claims victory as UK weighs up her 'soft Brexit' plan

Britain's prime minister presents her solution to the seemingly intractable problems of Brexit.

Jul 7, 2018

By Associated Press

Brexit Theresa May Nigel Farage European Union

Airbus CEO Tom Enders: Theresa May's government is 'clueless' on Brexit

Aviation giant Airbus doubles down on Brexit warning to UK.

Jul 6, 2018

By Associated Press

Theresa May Brexit

China warns of 'counterattack' as Trump's trade tariffs imposed

Official newspaper China Daily accused the Trump administration of "behaving like a gang of hoodlums".

Jul 6, 2018

By Associated Press

Donald Trump

Iran\'s Grand Bazaar: once a hotbed of revolution, now a conservative power base

The bazaar is typically cited as a barometer for the socio-economic and political situation in Iran.

Jul 3, 2018

By Arshin Adib-Moghaddam

Iran

Kazakhstan's President speaks to China's President

Central Asia is the new economic battleground for the US, China and Russia

The power that wins in Central Asia will shape the nature of global capitalism.

Jul 2, 2018

By Balihar Sanghera

Russia

EU warns Trump: Auto tariffs could lead to $300bn retaliation

Trump cited national security concerns fo previous tariffs. The EU described the move as "pure protectionism."

Jul 2, 2018

By Associated Press

European Union Donald Trump

May to talk Brexit with EU leaders impatient for progress

Divorce talks have stalled amid divisions within May's government about how close an economic relationship to seek with the EU after Brexit.

Jun 28, 2018

By Jill Lawless

Theresa May European Union Brexit

Bahrain says Gulf neighbours will provide aid as economy weighs

The Gulf country said Kuwait, Saudi Arabia and the United Arab Emirates will provide aid amid growing concerns over its economy but offered no details.

Jun 27, 2018

By Associated Press

Saudi Arabia

President Rouhani says Iran in 'economic fight' with US as discontent mounts in Tehran

Rouhani's comments came after protesters angered by Iran's tanking economy confronted police.

Jun 26, 2018

By Associated Press

Iran

Trump's trade war forces Harley-Davidson to head for Europe

Retaliatory tariffs mean motorcycles exported from the U.S. jumped between 6 percent and 31 percent - or $2,200 per average Harley-Davidson.

Jun 25, 2018

By Associated Press

Donald Trump European Union

Tariffs stir unrest among American whiskey producers

The European Union will start taxing a range of U.S. imports on Friday, including Harley-Davidson bikes, cranberries, peanut butter, playing cards and whiskey.

Jun 22, 2018

By Associated Press