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The European Union is ready to prolong the transition period after the UK’s withdrawal from the EU at the end of October next year, since additional time is needed to conclude a trade agreement between the parties. Western media, citing diplomats familiar with the situation, reported that the main negotiator for Brexit from the European Union, Michel Barnier, at a meeting of EU ministers, said that such a decision could be made. It is expected that British Prime Minister Theresa May will speak at the EU summit in Brussels at the invitation of Donald Tusk, President of the European Council.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
Gold traded lower earlier on Thursday in Asia but still remained above the $1,800 mark for three consecutive days. Gold futures lost 0.04% to $1,819.95 per ounce at 10:22 PM ET (3:22 AM GMT), with the yellow metal holding on to gains from ...
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