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Monday, October 21, 2019

ECONOMY

ECONOMY
UK economy slowed growth projected, according to Office of National Statistics

The UK’s economy shrank for the first time since 2012 in the second quarter of this year, as the manufacturing and construction sectors both...
British economic growth forecast downgrade.

Britain's economic growth is expected to have stagnated in the second quarter, as the manufacturing sector boost wears off while construction declines. Economists believe that...
Chinese Yuan devalued during the tariff imposed by the US

The US Treasury Department has labelled China a currency manipulator after Beijing pushed down the value of its yuan in a dramatic escalation of...
Tesco cuts over 4000 jobs.

Around 4,500 staff at Tesco are set to lose their jobs in the latest round of redundancies at the British supermarket chain, the company...
Donald Trump adds 10% more tariffs on china.

Donald Trump has announced a 10% tariff on $300bn worth goods going into the US from China, starting from September 1. Early today it was...
Mark Carney, Bank of England

Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of...
Federal Reserve Chairman Jerome Powell; interest rates cut for the first time in a decade.

The US Federal Reserve has cut its key interest rate for the first time in a decade. The cut aims to counter threats ranging from...
Government spending increased in June. Budget deficit is now higher.

Britain’s budget deficit swelled by more than expected last month, after the UK Government borrowed more than £7 billion (€8bn) to help balance the...
Gold Bar; Gold Spot Price; Index

Gold for years has been trading within a range of 1,200-1,400 USD/oz after falling from its highs of 1,900 in 2011. Widely used as...
The OBR finds that Brexit could lead to a decline in GDP and a sharp drop in the pound.

Crashing out of the EU without a deal could push the UK’s economy into recession and increase borrowing by £30 billion (€33bn) a year,...