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The balance of industrial orders in the UK fell in August to 7 points from 11 points a month earlier, a survey of British manufacturers conducted by the Confederation of British Industry showed. 31% of producers pointed at the increase in the volume of orders above the norm, 23% reported decrease in the number of orders below the norm. 21% of respondents noted an increase in production three months before August. Head of Economic Intelligence of CBI Anna Leach said: “If the Brexit deal is not concluded, it can cause huge damage not only to British producers, but to the rest of the EU countries.”
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
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