News

Post-Brexit trade deal talks to start

The UK is to hold its first talks with the US to try to sketch out the details of a potential post-Brexit trade deal. UK International Trade Secretary Liam Fox will spend two days in Washington with US counterpart Robert Lighthizer.   EU rules mean the UK cannot sign a…

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IMF downgrades US and UK growth

The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund (IMF). It said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast and the IMF revised…

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ExxonMobil fined for Ukraine sanctions

US authorities have fined Exxon Mobil $2m (£1.5m) for violating sanctions against Russia while Secretary of State Rex Tillerson was its chief executive.   Exxon dealt with Igor Sechin, the president of Russian oil giant Rosneft, who was blacklisted, the US Treasury Department said but Exxon has challenged the finding,…

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No agreement at US and China trade talks

The US and China have wrapped up contentious trade talks in Washington without agreement. The two sides did not issue a joint statement or action plan after the meeting and cancelled scheduled press conferences.   The US was critical of China’s trade surplus and demanded “more fair” trade arrangements. Separately,…

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