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Pound falls lower against the dollar and euro

Pound falls lower against the dollar and euro

Business
The pound has fallen below $ 1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal.Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc.Bank of England governor Mark Carney said on Friday the chances of a no-deal Brexit were "uncomfortably high".On Sunday, international trade secretary Liam Fox put the odds at "certainly not much more than 60-40". The falls come despite a rise in UK interest rates, which usually pushes up the value of sterling.Since the beginning of the month, the pound has fallen 1.7% against the dollar and 0.8% against the euro. "Some are thinking in the market that the Bank of England raised rates in or...
Trump: US and EU agree to work towards lower trade barriers

Trump: US and EU agree to work towards lower trade barriers

World
The US has agreed to work towards lowering trade barriers with the European Union, Donald Trump said on Wednesday after a meeting with European Commission chief Jean-Claude Juncker.The two would work for zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto goods, he said.They also agreed to increase trade in services and agriculture, including greater US soy bean exports to the EU.The agreements come amid heightened tensions between the US and EU.The two leaders diffused what had threatened to become a trade war between the two blocs, fuelled by tariffs set by Mr Trump on European steel and aluminium exports, and threats to expand the tariffs to cars.The relationship between the US and Europe had been further fr...
U.S. gas prices moving lower, but could still be volatile

U.S. gas prices moving lower, but could still be volatile

Business
July 24 (UPI) -- Retail gasoline prices in the United States are showing signs of a steady decrease, but remain vulnerable to geopolitical tensions, analysts said. Motor club AAA reported a national average retail price of $ 2.84 for a gallon of regular unleaded gasoline, unchanged from Monday and about 3 cents per gallon lower than last week. According to AAA's records, gas prices are at their lowest level since May. "July gas prices have been on a roller coaster ride, but appear to be on a downward slope at the moment," AAA spokeswoman Jeanette Casselano said in a statement. "If demand and supply stay consistent, prices have the potential to stabilize barring any major events - geopolitical or natural disasters." Climate forecasters at the National Ocean and Atmospheric Administration,...
New window coating can lower energy bill in two ways

New window coating can lower energy bill in two ways

Science
July 3 (UPI) -- Material engineers in China have developed window coatings that both regulate temperature and generate electricity. Scientists have previously developed coatings with one of the two attributes, but the latest breakthrough marks the first time the abilities have been combined. Researchers had to find a balance between the technology's three components. The coating needed to allow light for illumination to pass through, while filtering out infrared wavelengths and converting some of the solar rays into electricity. By combining a variety of materials and compounds, scientists found a happy medium. Instead of outfitting the window coating with transparent solar cells, researchers developed semi-transparent photovoltaics. The technology allowed scientists to harvest energy fr...