Trade negotiations between Washington and Brussels are continuing ahead of an August 1 deadline, when US President Donald Trump has vowed to impose 30 percent tariffs on nearly all goods imported from the European Union. Both sides are looking to carve out exemptions for key sectors, such as aviation or pharmaceuticals. Also in this edition: German … Read more
The Bank of England has completed the replacement of the UK financial system’s “beating heart”, and is making good progress in its goal of providing “silent operations”. Its replacement of the real-time gross settlement (RTGS) system, which processes £800bn in payments a day, is now live, after a staged project that began with early … Read more
‘Making Money’ host Charles Payne discusses 401(k) savings with Walser Wealth Management president Rebecca Walser and what it says about Americans’ retirement. Retirees often take the cost of living into account when it comes to where they live after leaving the workforce. Some retirement hot spots are more costly than others, according to a GOBankingRates analysis … Read more
A marathon vote is underway in the US Senate over President Donald Trump’s megabill, with Republicans divided over how much to cut welfare programmes to extend tax breaks. Meanwhile, the UK-US trade deal has come into effect, but there’s still no news on aluminium and steel. Plus, China’s largest coffee chain is escalating its race … Read more