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Hurricanes made hardly a dent in US growth: Economists

Bloomberg Economists are coming full circle on their view of the US economy’s performance last quarter. After cutting growth estimates in early September in anticipation of extensive damage from hurricanes Harvey and Irma, they’ve turned more optimistic as recent data have been fairly decent. Michael Gapen, chief US economist at Barclays Plc, raised his forecast to 2.5 percent, returning it ...

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Political price looms for May as she weighs UK’s Brexit bill

Bloomberg Theresa May left the European summit with warm words on Brexit from her fellow leaders, and the cold fact of a 60 billion euro ($70 billion) divorce bill they still want her to pay. The prime minister gave her clearest signal yet that she’ll cover the cost of the UK’s liabilities when it leaves the bloc, after leaders promised ...

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Militant clashes in Egypt leave scores of policemen dead

Bloomberg At least 16 Egyptian policemen were killed in clashes with militants as the government struggles to main- tain security while it undertakes economic measures aimed at creating jobs and boosting growth. Another 13 police personnel were injured when a force raiding a militant hideout in the desert southwest of Giza was attacked with heavy weaponry, the Ministry of Interior ...

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