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The business activity index in the UK services sector fell in November to a minimum since July 2016 50.4 points compared to 52.2 points in October, IHS Markit reported. British companies that participated in the IHS Markit survey noted that business and consumer spending, as well as uncertainty about the country's withdrawal from the European Union, had a negative impact on growth in the services sector. The number of new orders rose in November at the slowest pace in almost 2.5 years. Against the background of wage increases, employers were careful in increasing the number of employees, which slowed the employment growth.
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 ...
On Wednesday, McDonald’s Corp (MCD.N) said that it plans to pause the reopening of all dine-in services in its U.S. restaurants for the next 21 days as the coronavirus outbreak flares up in areas across the country. The fast-food chain ...
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 ...
On Tuesday, European aviation company, Airbus (AIR.PA) said that it would delay its $10 billion worth of services business amid the coronavirus pandemic. However, the company would continue its strategic support for airline operations. “It ...
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