U.S. cocoa futures have rallied more than 30 percent in 2018 so far, sharply outperforming other core U.S. commodities on signs of improving demand and forecasts for a smaller global surplus. Benchmark ICE Futures U.S. New York cocoa futures have rallied around 34 percent since the end of 2017 to...
US President Donald Trump has sacked Secretary of State Rex Tillerson, replacing him with the director of the CIA, Mike Pompeo. Thanking Mr Tillerson for his service on Twitter, Mr Trump said the new state secretary would do "a fantastic job". Mr Tillerson, a former chief executive of ExxonMobil, was only...
London's benchmark share index, the FTSE 100, has fallen 1% amid signs of greater volatility on the financial markets. The fall comes after sharp losses for US shares on Friday, when the Dow Industrials lost 2.5%. That was the biggest one-day loss since June 2016. On Friday the markets were spooked by...
Lawyers for US President Donald Trump are seeking to stop the release of a book containing damaging allegations about his administration. Fire and Fury: Inside the Trump White House is due for release on Tuesday. It cites former top aide Steve Bannon as describing a meeting with a group of Russians...
US President Donald Trump has said he does not blame China for the "unfair" trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China "credit" for working to benefit its citizens by taking advantage of the US. He spoke alongside China's president Xi...
US employers added 261,000 jobs in October, a solid gain that nevertheless fell short of expectations. Analysts had expected a sharp increase in hiring, after hurricanes Irma and Harvey depressed payroll growth in September. Wage growth was also slower than expected, while the number of people not in the labour force...
Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month's deficit stood at £5.902bn, down almost 11% compared with the same month last year, the Office for National Statistics (ONS) said. With many economists having forecast a deficit of about £6.5bn,...
A new musical based on the life of Tina Turner is set to open in the West End in 2018 - and the singer even came out of retirement (somewhat reluctantly) to work on it. "Retirement is wonderful," Turner says as she launches Tina: The Musical in London. "You sleep long,...
A Birmingham Airport-bound passenger plane declared an emergency in mid-air - after suffering a cracked windscreen. Flight number BM1424, a BMI Regional service from Nuremberg, declared the emergency over Coventry, reports the Coventry Telegraph . It landed safely at Birmingham shortly before 4pm on Thursday. The twin-engined Embraer ERJ-145 was carrying 15 passengers at...
Barclays says its profits more than doubled in the first three months of the year, boosted by better performance across the board. Pre-tax profit for the first quarter was £1.682bn, up from £793m for the same period last year. Chief executive Jes Staley said it had been "another quarter of strong...