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UK Jobs Recovery Remains Strong As Restrictions Eased
The UK's jobs recovery has continued apace as lockdown restrictions were eased and the rapid rollout of coronavirus vaccines shored up confidence in the wider economy, official figures showed Thursday. However, economists cautioned against complacency amid concerns over the sharp pick-up ...
Indian-Origin Brothers Buy UK Supermarket Giant Asda
Indian-origin billionaire brothers Mohsin and Zuber Issa have won the bid to buy the British supermarket chain Asda from its American owner Walmart Inc. On Friday, Walmart confirmed that EG Group, controlled by Issa brothers and TDR Capital, a private equity ...
Britain's GDP Shrinks By A Record Rate Of 20.4% In April
The British economy shrank by a record 20.4 percent in April from the previous month as the country was imposed with a tight coronavirus induced lockdown, as per official data released on Friday. It is expected to be the low point ...
Brexit Deadline Extended By 3 Months
The European Union on Monday agreed to extend the deadline for Brexit to 31 January 2020, according to a tweet from the European Council president Donald Tusk. Tusk has said that the bloc would allow for a so-called "flextension," which ...
5 Stocks To Be Impacted By Britain-EU Brexit Deal
First a nut-shell on Brexit Deal: The agreement on Brexit deal marks the exit of Britain from the European Union and is subject to final approval from the UK and European parliaments. Further as per the agreement, Northern Ireland will remain ...
Pound Sterling At 2-Year Low As UK Economy Shrinks
Pound Sterling hit over 2-year low on Friday on an unexpected contraction in UK's economy reported the same day. Official data on Friday showed that the United Kingdom's GDP (gross domestic product) shrank in the June ended quarter at 0.2 percent, ...
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