Economy News



Britain will get more new jobs through artificial intelligence

Britain will get more new jobs through artificial intelligence

UK will benefit from AI that is going to produce over 7 mln jobs in healthcare and education by 2037. It is a higher number than just compensating for jobs replaced by special machinery in manufacturing and other industries, says a recent report.


July 17, 2018
UK wages rise less regardless of sliding unemployment
UK wages rise less regardless of sliding unemployment

Wages in Britain grew at a lesser pace during the three months from March to May, even though unemployment kept decreasing, according to government...

U.S. tariffs are going to damage global economy
U.S. tariffs are going to damage global economy

The world economy’s growth prospects have dimmed with the escalation of trade war and unbalanced expansion, said the IMF.

July 16, 2018
U.S. retail sales recorded firm growth in June
U.S. retail sales recorded firm growth in June

June’s retail sales in the United States strongly added, propelled by cars sold in bigger numbers, as well as other products, which confirms...

UK homes fall in price as sellers abound
UK homes fall in price as sellers abound

Home prices in Britain are weighed by a jump in the number of people looking to sell their property, accompanied by a sparse buyers in summer...

China's growth goes in line with forecasts in the second quarter
China's growth goes in line with forecasts in the second quarter

The economy of China expanded at a yearly rate of 6.7% in the April-June period, according to the government figures, matching predictions.

July 13, 2018
U.S. import prices decrease the biggest in June in more than two years
U.S. import prices decrease the biggest in June in more than two years

U.S. import prices slumped the biggest in over two years last month thanks to a slide in petroleum prices and lessened costs of other products due...

China's exports to the U.S. beat imports by the biggest amount ever
China's exports to the U.S. beat imports by the biggest amount ever

China’s positive balance of trade with the U.S. reached a new maximum last month as total exports of the country expanded strongly, which...

July 12, 2018
U.S. consumer prices showed next to no growth in June
U.S. consumer prices showed next to no growth in June

Consumer prices in the United States remained nearly unchanged last month, though the fundamental trajectory still indicated a firm rise in...

U.S. companies in China do not support tariffs
U.S. companies in China do not support tariffs

The biggest part of U.S. firms in China are against the retaliatory tariffs as they have to work in a challenging environment, which includes...

ZTE struck an agreement with the U.S.
ZTE struck an agreement with the U.S.

ZTE, a Chinese tech firm, has reached an accord with the U.S. allowing it to move forward with business activity.

July 11, 2018
U.S. index of producer prices adds boosted by services sector
U.S. index of producer prices adds boosted by services sector

Manufacturer prices in the U.S. grew exceeding forecasts last month due to rise in services and cars costs, causing the highest jump in over 6 years.

China is flabbergasted by threats of more tariffs from the U.S.
China is flabbergasted by threats of more tariffs from the U.S.

The continued flow of new tariffs from the U.S. stuns Beijing, as Washington threatened to introduce more, ratcheting up the trade war even further.

U.S. people leave jobs more in May than in any month since 2001
U.S. people leave jobs more in May than in any month since 2001

U.S. workers quit jobs in bigger numbers in May, yesterday’s official figures revealed, which is a positive signal about the state of the...

July 10, 2018
Britain’s retailers profit from World Cup
Britain’s retailers profit from World Cup

Retailers in the United Kingdom are cashing in on the ongoing advance of England in the World Cup and the pleasant weather spurring beer and...

UK economy grows on royal wedding in May
UK economy grows on royal wedding in May

British economy’s increase in May made up 0.3%, thanks to the royal wedding and favorable weather, according to the new data.

Trade protectionism is main risk to euro area – Draghi
Trade protectionism is main risk to euro area – Draghi

European Central Bank head Mario Draghi said at the ECON committee of the European Parliament that the regulator's stimulating measures,...

July 9, 2018
British government is expected to allow Murdoch a purchase of Sky
British government is expected to allow Murdoch a purchase of Sky

Rupert Murdoch is about to be permitted to take over Sky, with British officials preparing to let a new bid that could neutralize competing Comcast.

Chinese Xiaomi shares fall from the onset
Chinese Xiaomi shares fall from the onset

Xiaomi company shares moved downward right as they started in Hong Kong today, with 2% lower at the beginning of the session and 5.88% slide in the...

July 6, 2018
U.S. trade gap at the lowest in over a year in May
U.S. trade gap at the lowest in over a year in May

The trade deficit of the United States dipped to the minimum in a year and a half in May, whereas exports jumped to the highest mark, propelled by...

U.S. creates more new jobs, but unemployment rate rises
U.S. creates more new jobs, but unemployment rate rises

Job creation rate grew exceeding forecasts last month because manufacturing firms increased employing, however firm wage rises suggest that...

Fed says the economy is solid but chances of recession are weighed
Fed says the economy is solid but chances of recession are weighed

The Federal Reserve’s officials debated recession and the possibility of its emergence in the nearest time, they also said that international...

Gold edges lower on soft dollar after U.S.-China trade war kicks off
Gold edges lower on soft dollar after U.S.-China trade war kicks off

Gold prices inched lower on Friday as U.S. tariffs on Chinese imports weighed on the U.S dollar, fuelling fears of a full-blown trade war between...

July 5, 2018
Britain's new car sales fall 3.5 percent in April - fresh data
Britain's new car sales fall 3.5 percent in April - fresh data

The UK's new vehicle registrations drop by an annual 3.5 percent last month, dragged down by a steep fall in sales of diesel-powered cars, the...

German industrial orders soar in May, though risks remain
German industrial orders soar in May, though risks remain

German industrial orders recovered in May with a huge leap after four straight months of declines, fresh numbers showed on Thursday, supported by...

July 4, 2018
Euro zone business on the rise, though prospects are uncertain
Euro zone business on the rise, though prospects are uncertain

Business activity in the euro zone gained traction last month, bolstering the ECB to tighten policy, however purchasing managers’ mood was at...

UK services sector heightens the chance of interest rates increase
UK services sector heightens the chance of interest rates increase

British services industry recorded the quickest growth from October 2017, lifting the possibility of a prompt interest rate hike. The IHS...

July 3, 2018
British construction industry registers one more month of growth
British construction industry registers one more month of growth

UK construction sector moved even further away from the declines of the year’s start last month, with the industry seeing the paciest growth...

China acts to counter the yuan fall
China acts to counter the yuan fall

Chinese currency and shares have been falling under the influence of the country's economy easing and the trade conflict with the U.S....

UK manufacturing companies were stagnant in June
UK manufacturing companies were stagnant in June

Britain’s industrial firms stayed downbeat last month, suggesting that the sector can hardly help to increase gains in general growth in the...

July 2, 2018
British manufacturing gains firmly in June, though prospects are unclear
British manufacturing gains firmly in June, though prospects are unclear

UK producing firms expanded at a solid rate last month, but trade discords and Brexit negatively affected the prospects confidence, pulling it down...

Asian industrial output slides earlier than U.S. tariffs come into effect
Asian industrial output slides earlier than U.S. tariffs come into effect

Manufacturing firms in Asia decelerated in the past month ahead of the U.S. and China’s tariffs effective date this week, it is a worrisome...

June 29, 2018
U.S. expansion rate drops in the first quarter
U.S. expansion rate drops in the first quarter

The U.S. economy showed more-than-forecasted ease of gains in January-March this year as consumer spending slumped to the lowest in almost five...

June 28, 2018
International dealmaking at a record high hitting $2.5 tln
International dealmaking at a record high hitting $2.5 tln

Dealmaking globally in the six months of this year surged to $2.5 tln, being the top reading ever for such period, which highlights the rapid rate...

June 27, 2018
UK banks’ contracts for trillions of pounds are under threat due to Brexit
UK banks’ contracts for trillions of pounds are under threat due to Brexit

Britain’s central bank’s Financial Policy Committee has pointed to the danger Brexit carries for contracts that local banks have with...

Britain’s house prices advance the least in five years
Britain’s house prices advance the least in five years

Growth of prices on homes slowed to the lowest in five years in June, as Nationwide’s fresh data shows. Its house price indicator recorded a...

June 26, 2018
British home market is expected to keep low in 2018
British home market is expected to keep low in 2018

The property market in Britain will remain lower in 2018, says Countrywide, the largest quoted estate broker in the UK.

Hong Kong - world’s most expensive city for expats
Hong Kong - world’s most expensive city for expats

Hong Kong ranked at the top of the rating of the most expensive cities in the world to live in for expatriate employees, according to data from...

British automaking industry sees investment drop by half
British automaking industry sees investment drop by half

Investment in the UK’s car manufacturing sector slipped by half on Brexit vagueness as existing plans for the country’s departure from...

June 25, 2018
Germany’s business sentiment decreases
Germany’s business sentiment decreases

Germany’s business optimism took a tumble this month, data published today says, signaling that the sentiment among firm CEOs of the European...

BIS believes interest rates need to be lifted but trade discords threaten
BIS believes interest rates need to be lifted but trade discords threaten

The globe’s leading central banks were bolstered by the Bank for International Settlements to continue on the path of raising rates...

London has been named the most attractive city for workers
London has been named the most attractive city for workers

British capital has topped the list of cities popular for work around the world, as shows the largest research on migration trends to date, while...

June 22, 2018
Euro zone’s growth is expected to be solid though trade issues mount
Euro zone’s growth is expected to be solid though trade issues mount

The euro zone’s economy seemingly expanded quite well in the April-June period as businesses demonstrated more active growth in June than...


The economy as a key factor in currency and stock trading

The economy is one of the key factors in the degree of the influence on the currency market. Such economic indicators as gross domestic product, consumer indices, indices of industrial production, inflation and the labor market are very important for the traders in the analysis and the construction of their trading strategies.

Follow the news of the world economy for successful trading

Understanding of the formation of economic indicators provides an opportunity for participants in the Forex market to conduct a more efficient trade. Publications of economic news have a direct impact on the exchange rate and on the income of traders, that is why everything that happens in the world economy must be carefully taken into account by traders in their trading plans.

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