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The damage to the UK economy from the decision to withdraw from the European Union is 600 million pounds a week, estimated at Goldman Sachs. Bank analysts have calculated that the country's GDP is currently 2.4% less than the possible rate if the British decided not to leave the EU. According to their analysis, the greatest losses are observed in the field of investment and consumer spending. The Brexit bill, thrice passed by the British government to a vote in parliament, was rejected three times. The European Union agreed to grant Britain a postponement of the Brexit date until April 12, when the country will have to leave the EU anyway. If Brexit takes place without an agreement, the losses of the British economy will be even greater, according to Goldman Sachs. At the same time, experts expect the acceleration of economic recovery, if the country remains in the EU.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
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