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If the deal with the European Union, proposed by British Prime Minister Theresa May, is not ratified by the British Parliament, the European Union can offer to postpone the withdrawal of the United Kingdom on March 31, 2020, the Guardian writes, citing its own sources. It is reported that this proposal was contained in the internal documents of the EU before, but was not announced. Such a postponing of the country's withdrawal from the European Union will give Brussels the opportunity to work during the year without UK intervention in the EU’s long-term plans and return to the issue of Brexit early next year. A longer delay, according to Brussels, would not be effective, since it could lead to abuse by the UK.
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
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