Global trade tensions escalated on Friday as Angela Merkel warned of the economic damage of US tariffs on European cars and Donald Trump said he was ready to press on with imposing duties on $500bn worth of Chinese imports.
Lloyds Banking Group has become the latest in a string of British financial institutions to run into IT difficulties, with customers left unable to transfer money due to problems with one of its most important payments systems.
US stock futures were a mixed bag on Friday as traders digest President Donald Trump’s latest threat to impose tariffs on all imported Chinese goods and pore through a new round of earnings from industrial conglomerates.
US industrial conglomerate Honeywell raised its full-year sales and earnings guidance for the third time this year, as strong growth across all segment of its businesses eclipsed uncertainties around US trade policies.
German Chancellor Angela Merkel on Friday warned that the brewing transatlantic trade war between the US and the EU was now “very serious” and stressed that the imposition of retaliatory tariffs would be the “worst solution.”
SingHealth, the largest healthcare group in Singapore, was hit by a major cyber attack that targeted the data of prime minister Lee Hsien Loong and resulted in the leakage of 1.5m patients’ non-medical data, according to a government statement released on Friday.
Germany’s Europe minister has said he is growing “nervous” about the state of Brexit negotiations as EU governments meet for their first formal discussion about the UK’s ‘white paper’ in Brussels today.
The Swiss arm of French-listed bank Rothschild & Co seriously breached Switzerland’s anti-money laundering rules according to the Swiss financial regulator, becoming the final bank to be reprimanded by the watchdog over its links to Malaysia’s 1MDB state investment fund.
UK public finances continued to improve in June, with the deficit in the first quarter of the 2018-19 financial year lower than at any time since 2007. But the good news was tempered by weak tax receipts.
Thai Air Asia X, a joint venture including Malaysia’s AirAsia X, the long-haul segment of low-cost Air Asia, and its Thai unit, will be seeking an IPO soon, Tony Fernandes, founder and chairman of AirAsia, said on Friday.
Shares in indebted aviation-to-finance conglomerate HNA Group’s flagship unit fell by the maximum 10 per cent in Shanghai on Friday, their first trading day in more than six months, as the company returns to the market after an internal reorganisation.