The next prime minister should have the “backbone” to secure a deal with the European Union to open up the free movement of labour, Ryanair’s chief executive Michael O’Leary said this morning.

He told BBC Radio 4’s Today programme: “I think the first thing they should do to boost the British economy is prioritise a trade deal with the European Union – a good starting point for that would be to open up the free movement of labour between the UK and Europe once more.”

O’Leary, who said he accepted the result of the 2016 Brexit referendum, added: “You have to accept that you’re not going to get elected by a very narrow 180,000 electorate of the Tory party membership if you advocate common-sense policies.

“But once you do become prime minister, you should have enough backbone to lead the UK economy forward and the starting point for that should be a free trade deal with the European Union.”

The worst may be over for emerging Asian currencies as slower-than-expected US inflation eases pressure on the Federal Reserve to aggressively raise interest rates, according to DBS Group Holdings Ltd. and Malayan Banking Bhd.

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar. The Thai baht led gains, rising 0.9%, while the Indonesian rupiah strengthened 0.7%.

A new virus, Langya, is suspected to have caused infections in 35 people in China’s Shandong and Henan provinces.

It’s related to Hendra and Nipah viruses, which cause disease in humans.

However, there’s much we don’t know about the new virus – known as LayV for short – including whether it spreads from human to human.

Therefore, City A.M. caught up with one of the world’s leading experts in this field, Allen Cheng, Professor of Infectious Diseases at Monash University.

He has shared what we know so far, including how sick people are getting, where the virus came from and what we can learn from related viruses.

In romance, rebound relationships are a bad idea. In the stock market, though, they can be quite rewarding.

Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Interpreting charts can be intimidating for novice traders, so understanding basic technical analysis is essential. This article reveals popular types of technical analysis charts used in forex trading, outlining the foundations and uses of these chart types.

" With Newsquawk you get the services of a full analyst team for the price of their coffee each month. It’s a no-brainer value wise compared to hiring your own analysts."

HONG KONG/LONDON, Aug 11 (Reuters) - Chinese insurer Ping An Insurance Group (601318.SS) believes HSBC (HSBA.L) has overstated the challenges and difficulties of spinning off the bank, said a source with direct knowledge of the thinking of the bank's biggest shareholder.

The bank came under pressure from Ping An in April to explore options including spinning off its mainstay Asia business to increase shareholder returns. read more

Details of Ping An's internal discussions come after HSBC on Aug.1 pushed back on the Chinese investor's proposals while reporting its half-year earnings.

The Rhine River is set to drop well below a critical depth over the weekend, signaling further turmoil for shipments of energy supplies on one of Europe’s most vital waterways.

Water levels at Kaub, a key waypoint west of Frankfurt are poised to plunge to 33 centimeters (13 inches) by Aug. 15, according to

ZURICH, Aug 11 (Reuters) - Credit Suisse (CSGN.S) shareholder Harris Associates' increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its Chief Investment Officer as saying.

"Our stake has remained roughly stable, typically between 9 and 10%," David Herro told Finanz und Wirtschaft in a report published by the Swiss newspaper on Thursday after Harris Associates became the largest shareholder in Credit Suisse.

"We manage assets for a large number of clients," he said, adding some had previously reported their shares independently.

Behind the scenes of that rosy picture, heartaches are afflicting Southwest, called “the airline with Heart” because of its heart-shaped logo and a corporate culture steeped in “The Golden Rule,” treating others the same way they’d like to be treated.

But eight current Southwest employees, including three minorities, told The Epoch Times that “woke, leftist” DEI policies, as implemented, have tarnished the cherished Golden Rule principle, fractured a once-cohesive workforce, and, ultimately, may put safety at risk.

Faced with pandemic-related staffing shortages and pressure to add minorities, the company has changed the way it hires, trains, and disciplines workers—mostly to benefit less-qualified new hires representing the diversity rainbow, the employees say.

One Southwest flight attendant, a Hispanic female, said: “They are compromising safety for the sake of race, gender identity, and sexual preference … They’re risking people’s lives because of...

Estate agency giant Savills has continued to make hay while the sun shines, with revenue spilling over into the £1bn mark.

Revenue up over 10 per cent to £1.03bn in the six months to 30 June, up from £932.6m in the same period last year.

Like housebuilders, estate agencies have also been reaping the scaling profits of the UK’s house price boom, alongside the frenzy of sales during the stamp duty holiday which ended last summer.

However, the group’s pre-tax profit tumbled by some £13m in the period, falling from £63.3m to £50.4m year-on-year.

The London-listed estate agency has hiked its dividend from 6p to 6.6p, as chief executive Mark Ridley notes that there is a risk of a short-term drop in activity given the current economic and geopolitical climate.

“Despite staff cost inflation and the anticipated increase in discretionary costs, we have performed well so far this year, in line with the board’s expectations,” Ridley said in a...

PINGTUNG, Taiwan, Aug 11 (Reuters) - Even before last week's visit to Taiwan by U.S. House of Representatives Speaker Nancy Pelosi, fish farmer Chen Sheng-You was on the lookout for new business, with trade curbs cutting him off from his major source of revenue - China.

Amid simmering tension between China and self-ruled Taiwan,

Beijing suspended purchases of grouper fish, Chen's main product, in June after repeatedly detecting banned chemicals. read more

Michael Burry may have been lionised in the movie and book The Big Short, but in person, he’s more of a pussycat. That’s according to Michael Lewis, the author who wrote about Burry’s multi-billion-dollar bet against the US housing market in the 2010 book.

But the man many watch for his market musings is very different to the one Lewis has seen in person.

“To...

Aug 11 (Reuters) - European shares edged higher on Thursday after a strong rally in the previous session on signs of U.S. inflation cooling, while Aegon climbed after the Dutch insurer raised its full-year forecast.

The pan-European STOXX 600 index (.STOXX) rose 0.1%, after clocking its best session in nearly two weeks on Wednesday on bets that the softer-than-expected inflation reading will encourage the Federal Reserve to become less aggressive on interest rates hikes. read more

"The markets are riding higher on the fact that the peak has been passed in terms of inflation in the United States," said Sebastian Paris-Horvitz, head of research at La Banque Postale Asset Management.

NEW YORK, Aug 10 (Reuters) - Former U.S. President Donald Trump said on Wednesday he declined to answer questions during an appearance before New York state's attorney general in a civil investigation into his family's business practices, citing his constitutional right against self-incrimination.

Trump, his son Donald Trump Jr. and daughter Ivanka Trump had fought unsuccessfully to avoid appearing for testimony in state Attorney General Letitia James's probe into whether the Trump Organization inflated real estate values to obtain favorable loans and understated asset values to get tax breaks.

"I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution," Trump said in a statement issued roughly an hour after he arrived in a motorcade at the attorney general's office in lower Manhattan for the deposition behind closed doors.

The hype this week was all about the US CPI data and the reaction yesterday did not disappoint. However, it seems like market players are running out of steam today or it may just be another summer's day in Europe as things settle down and we are seeing light changes overall for the most part.

European indices are now little changed after a positive open, trading more mixed while US futures are still keeping slightly higher but the gains are rather measured. S&P 500 futures are up 11 points, or 0.3%, while Nasdaq futures are up by only 0.1% on the day.