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Manufacturers of Great Britain continue to benefit from the dropping pound sterling, Bloomberg reports. The volume of production and orders in the country grew in August at a rate exceeding the long-term average, although the overall economic growth weakened. Production growth was noted in 13 of 17 sectors. In the food, beverage and tobacco sector, the most significant growth was observed. Exporters benefit the most from the weak pound. After the Bank of England raised its interest rate to 0.75% in early August, expectations about prices in the next three months began to increase.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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 ...
On Monday, California's Governor Gavin Newsom ordered restrictions on bars, dine-in restaurants, gyms, and even ordinary offices across the state to shut down as coronavirus cases continue to climb which dims the economic growth of the United ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
The dollar firmed on Monday as the market mood was weighed by arising global tensions with China and the prospect of negative interest rates. The dollar firmed at 107.25 against the range-bound yen as Japan fell into recession for the first ...
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