A leading business survey in the United Kingdom has revealed that companies have dramatically scaled back investment plans for the rest of the current year because of the uncertainty of the future of the country’s economy which has been hit… Read More ›
The novel coronavirus hit on the economy of the United Kingdom caused a 20.4 per cent contraction in April – the highest ever fall in a single month. During April, when the entire country was under lockdown for the entire… Read More ›
The outbreak of the coronavirus pandemic across the world has resulted in the temporary closure of thousands of restaurants while many economies have slipped into recession which has severely hit the global demand for premium foods like wagyu beef, bluefin… Read More ›
Pleasing China and the West at the same time is a tough task and British bank HSBC is learning it the hard way. After the top executive of the bank in Asia made a public declaration of the company’s stance… Read More ›
The Organisation for Economic Co-operation and Development has warned that the United Kingdom is likely to the hardest hit economically among the richer countries because of the novel coronavirus pandemic. The OECD said that that there is likely to a… Read More ›
The vital climate talks of the United Nations is being threatened of being sidelined maid the raging novel coronavirus pandemic even as governments and central banks across the world have seemingly failed to set out a green recovery from the… Read More ›
The decision last weekend of OPEC, Russia and allies to extend the deepest cut in oil production till the end of July is expected to have a positive impact on the global oil prices. Since the cuts were imposed bout… Read More ›
On Thursday, in a significant development, officials from India and Australia said, the two countries are set to seal a military logistics pact during an online summit between Indian Prime Ministers Narendra Modi and Scott Morrison. The pact lays the… Read More ›
In a statement Hong Kong’s finance secretary Paul Chan said, Hong Kong has no plans to change its currency’s peg to the U.S. dollar and that it has not seen any “obvious” capital outflows following a move by the United… Read More ›
The growth rate of factory activity in China slowed down in May as the second largest economy of the world attempts to turn around after the economy coronavirus pandemic hit. The slowness in factory data was shown official data on… Read More ›
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