Business News

5 things you need to know today

  • Unemployment has edged up to 5.6% despite another 22,600 jobs being added in April. The rise in unemployment was driven up by more people looking for work, with the participation rate in the workforce rising to a record 65.6%.
  • US President Donald Trump's comments about China and other countries becoming "spoiled" has renewed fears of escalating trade tensions. Speaking to reporters at the White House, Mr Trump said China had "ripped off" the United States for too long, and that he had told Chinese President Xi Jinping "we just can't do that anymore".

  • Australian goods have been held up at China ports and China's Customs authorities are singling out Australian wine and other products for heavy scrutiny, which has resulted in lengthy delays due to political tensions between both countries. 

  • Meghan Markle has confirmed her father won't be attending her wedding after suffering a heart attack last week.  Mr Markle has to have an operation to clear out plaque and have three stents inserted. 

  • In markets, The Dow Jones Industrial Average fell 0.2% to 24,714. The S&P 500 and Nasdaq slipped by 0.1 and 0.2%respectively. Over to Europe, the FTSE +0.7% at 7,788, the German DAX +0.9% at 13,115 and the Euro Stoxx 50 +0.8pc at 3,592

Published on: Friday, May 18, 2018

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