Economic News



UK exporters reach new heights on salmon and whisky
UK exporters reach new heights on salmon and whisky

UK exporters break growth record in the first 6 months of the year on salmon, whisky and beer, as Friday data shows. 

UK tourism industry is on the upswing as pound drops
UK tourism industry is on the upswing as pound drops

Tourism has been doing greatly as of late, much better than most of the other sectors of UK economy, and Brexit had a role to play. 

Oil edges higher on significant fall in crude inventories
Oil edges higher on significant fall in crude inventories

Oil futures rose slightly on Friday as investors were encouraged by U.S. supply tightness. 

Alibaba soars, Walmart slows down
Alibaba soars, Walmart slows down

Chinese retailer Alibaba has reported big profits once again, showing 56% growth in quarterly returns. Net earnings rose by 94% to 14.7 bln yuan...

Review: Pound on track for third weekly loss against euro
Review: Pound on track for third weekly loss against euro

Sterling dropped versus the euro on Friday, on course for a third week in row of losses. 

Review: Dollar remains confused
Review: Dollar remains confused

The dollar fluctuated on Friday as investors had been losing confidence in President Trump’s ability to realize his economic goals. 

Review: Asian shares tumble as market confidence slumps
Review: Asian shares tumble as market confidence slumps

Asian stocks retreated on Friday, dragged down by overnight drop on Wall Street. 

Retail sales in UK keep rising in July
Retail sales in UK keep rising in July

UK retail sales grew last month due to more robust spending on food despite decrease in other areas of trade, as official data shows. 

Oil prices flat as market becomes more balanced
Oil prices flat as market becomes more balanced

Oil futures firmed on Thursday after U.S. data showed a huge drop in crude inventories but also a rise in output. 

Review: Euro lower against major currencies
Review: Euro lower against major currencies

The single currency dropped against all its major rivals on Thursday. 

Japan's July exports go up contributing to overall growth
Japan's July exports go up contributing to overall growth

Japan's foreign sales moved up eight months in a row in July due to active shipments to the U.S. and a push given by weak yen, which implies...

Review: Asian stocks start widely higher
Review: Asian stocks start widely higher

Asian shares inched up on Thursday after minutes from the Federal Reserve’s July meeting revealed intention to keep interest rate unchanged...

Euro area Q2 yearly economic expansion estimates revised
Euro area Q2 yearly economic expansion estimates revised

The economies of all the euro zone countries have grown more than earlier anticipated in the April-June period compared to the same period last...

UK unemployment drops to all-time low
UK unemployment drops to all-time low

The UK jobless rate unexpectedly dropped to its lowest level since 1975, data from the Office for National Statistics showed on Wednesday. 

PwC fined £5.1m for “extensive” misconduct
PwC fined £5.1m for “extensive” misconduct

The UK's Financial Reporting Council fined PwC and its partner Nicholas Boden for a series of failures in auditing of accountancy firm...


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