London: Britain will on Wednesday officially enter recession, with data set to show a collapse of around 20 percent of gross domestic product in the second quarter — the worst contraction in Europe. The Office for National Statistics (ONS), which is due to unveil the latest assessment at 0600 GMT, is uniformly expected to confirm … Read more
LONDON: The number of people in work in Britain fell by 220,000 in the three months to June, the most since 2009, as the coronavirus crisis hammered the number of self-employed, Office for National Statistics said. The number of self-employed people fell by a record amount, led by older workers, while the number of employees … Read more
August can be a tricky time for markets. It was the month Russia defaulted (1998), China devalued the yuan (2015) and BNP Paribas kicked off subprime meltdown by freezing three of its funds (2007). Plenty could go wrong this August as the world economy staggers under the pandemic, Sino-U.S. tensions bubble and the US. election … Read more