Thursday 28 July 2016

Lloyds plans 3,000 jobs cull after Brexit shock

Lloyds Banking Group said on Thursday it would accelerate its cost cutting plan to help offset a more testing economic environment and a likely drop in demand for credit caused by Britain's vote to quit the European Union. Britain's largest retail bank announced plans to


Oil off April lows but oversupply still weighs

Oil prices recovered slightly from April lows in early trading on Thursday, but the outlook for the industry remained weak as crude producers and fuel refiners continue to pump out more than the market can consume. International Brent crude oil futures LCOc1 were trading at $43.6


Brexit shockwaves hit UK consumers, construction

Shockwaves from Britain's vote to leave the European Union are reverberating through the economy with surveys published on Thursday showing a sharp dive in consumer confidence and a slowdown in the construction sector. A month after the Brexit vote, the latest signals of a sh


Trump urges Russia to find 'missing' Clinton emails

Republican Donald Trump on Wednesday invited Russia to dig up tens of thousands of "missing" emails from Hillary Clinton's time at the U.S. State Department, vexing intelligence experts and prompting Democrats to accuse him of urging foreigners to spy on Americans.


Police tighten security at Geneva airport after French tipoff

Police in Geneva increased security checks around the Swiss city's Cointrin airport on Wednesday after receiving information from French police about a possible bomb threat. Preventive security measures were under way around the airport, the police said on their Facebook page


Russia could try to sway US election: Obama

US President Barack Obama said it was possible that Russia would try to influence the US presidential election, after a leak of Democratic National Committee emails that experts have attributed to Russian hackers. "Anything is possible," Obama told NBC News in an interv


Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. International Brent crude oil futures LCOc1 were tradin


Japan PM Abe to announce $255bn stimulus

Japanese Prime Minister Shinzo Abe is planning a stimulus package with a headline figure of $255 billion to reflate the flagging economy, Fuji TV said, though it is uncertain how much of it will consist of government spending. Abe will announce details of the package, including t


Clinton creates history; secures nomination

Former Secretary of State Hillary Clinton secured the Democratic Party's 2016 nomination for the White House on Tuesday, becoming the first woman to head the ticket of a major party in US history. In a symbolic show of party unity, Clinton's former rival, US Senator Berni


US Powerball jackpot grows to $422m

The US Powerball jackpot grew to $422 million ahead of an 11 p.m. EDT drawing on Wednesday, making it the eighth largest in the game's history and the 11th-biggest lottery prize ever in the United States. The jackpot amount has now rolled over 22 times since it was reset to i

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