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Britain will hold a new round of talks with the United States on a trade deal next week, Greg Hands, junior trade minister Greg Hands said on Thursday, adding that the government is in talks with the two major American parties ahead of the upcoming presidential elections. Britain gives priority …

Service activity in the Eurozone posted some decline in August, but remains within the expansion zone. Eurozone service activity barely expanded in August. The IHS Markit eurozone services PMI registered 50.5 in August versus 54.7 in July, slightly above the flash reading of 50.1 and over the 50 mark indicating …

France intends to spend 100 billion euros, equivalent to 118 billion dollars, to extricate its economy from a severe downturn caused by the Corona pandemic, indicating the renewed efforts made by President Emmanuel Macron to push a supportive reform schedule for companies. An official said ahead of the official launch, …

The service activity index in the French economy extended growth in August less than expected, as data released by Markit on Thursday showed that the French services PMI came at 51.5 in August, compared to 57.3 in July. Analysts had expected 51.9 The Euro is trading at 1.1823, down about …

A survey showed that the recovery of the Eurozone economy from its biggest downturn on record faltered in August as growth in the services sector dominating the bloc almost completely halted, suggesting that the long road to recovery is bumpy. Last quarter, the bloc’s economy shrank 12.1%, as the imposition …

Chinese Foreign Ministry spokeswoman Hua Chunying said in a daily press briefing that Beijing will respond “by lawful means” to the new restrictions imposed by the United States on Chinese diplomats. Washington said it would require senior Chinese diplomats to obtain approval from the Foreign Ministry before visiting any university …

European stocks rose on Thursday, September 3rd amid signs of global economic recovery and hopes for further stimulus measures, with all eyes focused on domestic services sector data likely to show continued growth. The European Stoxx600 index rose 0.8% in early trade, tracking a strong session in Asia after a …

The Nikkei benchmark hit a six-month high Thursday, September 3 and its strongest in three decades in dollar terms, as hopes for more domestic and global economic stimulus boosted sentiment. The Nikkei Index rose 0.94% to 23,465.53 points, its highest closing level since February 21. In dollar terms, this index …

A report issued by the Congressional Budget Office predicts that the US federal government budget deficit will reach 16% of GDP during 2020, the largest in the United States since the end of World War II in 1945. The bureau said the US public debt rate will exceed 100% of …

Japanese service activity contracted at a rapid pace last month, dropping the service purchasing managers’ index to 45.0 in August from 45.4 in July. The Japanese service activity was affected by the uncertainty and weak demand surrounding the business sector due to the Corona pandemic.