Catch up with the latest business and finance news in our weekly news round-up…

 

UK heatwave and World Cup boost retail sales

England’s extended World Cup run and the long summer heatwave gave retail sales a pleasant and unexpected lift in July.

Insurance firms told to embrace Amazon’s planned comparison site

After reports that Amazon was “sounding out” some of Europe’s top insurance companies, GlobalData Insurance has said that insurers should embrace Amazon and see them as a potential partner.

Significant short-term market impact to no-deal Brexit – Hunt

According to Foreign Secretary Jeremy Hunt, the short-term market impact in the event of a no-deal Brexit will be significant.

Women face ‘punishment gap’ in finance industry, study finds

According to a study by the Bank of England, women experience more severe repercussions for misconduct in the finance industry than their male counterparts.

US threatens more action against Turkey unless pastor freed

The US has threatened to impose more economic sanctions on Turkey if it does not free a detained American pastor.

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