The economy of Great Britain for the three months to the end of April added 146,000 jobs, and the employment rate in the country reached a record of 75.6%. The unemployment rate of 4.2% was the lowest since 1975. However, the growth of wages unexpectedly slowed down, Bloomberg reports. For the specified period, the growth of wages, excluding bonuses, slowed to 2.8%, according to the Office for National Statistics. In April, production and construction could not recover, as a result, rates for the August growth in interest rates declined.
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 ...
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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 ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...