Cnn business news 1 june 2019 in london

Here are the top stories from CNN Business News on June 1, 2019, in London:

Global Markets

• The Dow Jones Industrial Average and the S&P 500 both fell by more than 1% on Friday, as investors reacted to the latest developments in the US-China trade war.
• The UK's FTSE 100 index also fell by 0.5%, as concerns about the global economy and the impact of Brexit continued to weigh on investor sentiment.

US-China Trade War

• The US and China have agreed to a temporary truce in their trade war, with the two sides agreeing to hold off on new tariffs for 90 days.
• The truce was announced after a meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 summit in Osaka, Japan.

Brexit

• The UK's Parliament has voted to delay Brexit, with lawmakers approving a bill that would give the government more time to negotiate a new deal with the EU.
• The delay means that the UK will not leave the EU on June 30, as previously planned, and will instead remain a member of the bloc until at least October 31.

Economy

• The UK's economy grew by 0.5% in the first quarter of 2019, according to official figures released on Friday.
• The growth rate was slightly higher than expected, and was driven by a strong performance from the services sector.

Business

• British Airways has been fined £183 million by the UK's data protection regulator for a major data breach in 2018.
• The airline was hacked in August 2018, resulting in the theft of personal and financial data from around 500,000 customers.

Technology

• Facebook has announced a new cryptocurrency called Libra, which is expected to be launched later this year.
• The social media giant has partnered with a number of other companies, including Mastercard and Visa, to develop the new currency.