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In 2017, the expenses and investments of British families on average exceeded their income by 900 pounds, which is observed in the country for the first time since 1988. This was reported by the Office for National Statistics. Last year, the British as a whole spent 25 billion pounds more than they earned. The Office noted that excessive spending is most often observed among the citizens with the lowest incomes, and 10% of the most unsecured British spend 2.5 times more than their real incomes. The total debt of the British population reached a record 1 trillion 600 billion pounds sterling. Politicians fear that in case of higher rates on loans, citizens may face difficulties in repaying loans.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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