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British consulting company IHS Markit reported a sharp deterioration in the business climate in the UK, because only 32% of British companies surveyed expect business growth in the next 12 months, which represents the lowest figure since 2009. Concerns about the agreement on Brexit had negative impact on investment activity and the number of planned new employees. German business representatives are concerned about the likelihood of a disorderly exit of the UK from the EU. Dieter Kempf, Chairman of the Federal Association of German Industries, believes that this can lead to large losses in many industries, especially in the aircraft industry, chemical and pharmaceutical industry, mechanical engineering and the field of electrical engineering.
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 ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
Oil prices bounced on Thursday as a steep decline in oil inventories outweighed concerns that a surge in new coronavirus cases in the U.S. could stall demand recovery. Brent crude futures rose 0.6%, or 25 cents, at $42.28 per barrel. U.S. ...
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 ...
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