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British Prime Minister, Theresa May, proposed to create a fund in the amount of 1 billion 600 million pounds to stimulate economic growth in cities that supported Brexit. According to Reuters, many regarded such an initiative of the British Prime Minister as a desire to provide support for her version of the agreement on the country's withdrawal from the EU by the opposition, since the areas strongly in favor of Brexit are MPs from the Labor Party. Reuters reported that for the proposed fund, the British government has already allocated 1 billion pounds. More than 50% of this amount is intended for cities in the north of England. In the future, the fund will receive another 600 million pounds for the use by the rest of the cities across the country.
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 ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
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