BUSINESS

Bill To Ban TikTok In US Clears Congress

Critics allege TikTok is subservient to Beijing and a conduit to spread propaganda, claims that China and the company strongly deny
The US Senate on Tuesday approved legislation requiring the wildly popular social media app TikTok to be divested from its Chinese parent company ByteDance or be shut out of the American market.
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New home sales picked up in March

New US Home Sales Pick Up In March

Sales of new homes across the United States increased sharply last month, according to fresh government data published Tuesday, though February's numbers were revised lower.
Thames Water's future is in doubt given soaring debts and chronic underinvestment amid speculation over a costly state bailout

How UK's Biggest Water Supplier Sank Into Crisis

Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.
The services sector propped up the eurozone's economic activity in April

Eurozone Business Activity Accelerates In April

The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global registered a figure of 51.4 in April from 50.3 in March. It was the highest in 11 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.
The London stock exchange has in recent weeks been lifted by weakening of the pound

London Stock Market Hits Record High

The London index has in recent weeks been lifted by weakening of the pound, particularly against the dollar, as markets anticipate cuts to UK interest rates in the coming months thanks to slowing price rises.
Investors are hoping Amazon and other tech titans including Apple and Alphabet can deliver strong earnings this week

Most Asian Markets Rise With Earnings, US Data In View

Asian markets mostly rose Tuesday, with hopes for earnings this week from tech titans helping to offset worries about the Federal Reserve's interest rate plans ahead of the release of key US growth and inflation data.
Spain's Basque Country has been run for decades by the Basque Nationalist Party (PNV) but polls suggest this election could be won by the left-wing separatist Bildu coalition

Left-wing Separatist Bildu Eyes Historic Win In Basque Vote

Spain's northern Basque Country votes Sunday in a regional election that polls suggest will be won by the left-wing separatist Bildu, seen as the heir of the political wing of the defunct armed separatist group ETA. The outcome could leave Prime Minister Pedro Sanchez's ruling Socialist Worker's party in the difficult position of having to decide between two key parliamentary allies.

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