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Over the three months to May, the UK services sector has experienced further deterioration. A survey of service providers conducted by the Confederation of British Industry, showed a drop in the balance of business volumes by 19%, which is the most significant decline since August 2012. The profit of service providers in Britain showed the largest drop since November 2011, their figure fell by 24%. It was also recorded a decrease of 8% in company optimism due to the general business situation. This indicator in the business and professional services sector has been declining for the past four quarters. The fall in sentiment in the consumer services sector has been recorded for three quarters in a row. Uncertainty about Brexit continues to negatively affect the sector.
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 ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
On Wednesday, McDonald’s Corp (MCD.N) said that it plans to pause the reopening of all dine-in services in its U.S. restaurants for the next 21 days as the coronavirus outbreak flares up in areas across the country. The fast-food chain ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
KYC Policy