Tag Archives: UK

China said on Wednesday that British Prime Minister Ban Huawei’s participation in the fifth-generation network is frustrating, and that other Chinese companies have followed headlines of how UK treat the telecommunications giant, which is harmful to investment. Liu Xiaoming, China’s Ambassador to the UK, said ‘the way you treat Huawei …

Official data released today in the United Kingdom showed that British inflation rose unexpectedly in the previous month as the Office for National Statistics said that consumer price inflation rose to 0.6% in June from 0.5% in May. A Reuters poll had expected the rate to drop to 0.4%. Core …

The United Kingdom said on Tuesday that they will ban China’s Huawei gear from UK’s 5G networks, starting at the end of 2020, as it poses a major threat to the country’s security. “The NCSC (National Cyber Security Centre) has now reported to ministers, that they have significantly changed their …

Data published by the Office for National Statistics (ONS) showed that the general situation in the industrial sector improved for May in UK. Manufacturing production grew to + 8.4% on a monthly basis in May, against expectations of -20.9% and -24.4% in April, while total industrial output grew by + …

UK GDP in May posted less than analysts’ expectations as data released by the Office for National Statistics on Tuesday showed that British gross domestic product rose1.8% in May, compared to a contraction of 20.3% in April. Analysts had expected the UK economy to grow by 5.5% in May. The …

Moody’s Investors Services expects the British economy to contract by 10.1% in 2020, despite the UK government’s recently announced GBP 30 billion stimulus package. In addition, the rating agency forecasts the public debt-to-GDP ratio to increase by 24% or more. Moody’s also foresees a gradual recovery with an expected growth …

The European Union (EU) is set to grant temporary access to the London Stock Exchange (LSE) and other derivatives clearing houses in the United Kingdom starting January 2021. The European Commission plans to adopt a time-limited equivalence decision for the UK for central clearing counterparties of derivatives, without clarifying the …

The UK’s Department of Health and Social Care said this Thursday that cases identified by England’s test and trace system reached 14,892 people were identified as close contacts of positive COVID-19 cases. The department of Health added that “of these people, 70.8% were reached and asked to self-isolate.” “4,347 people …

The UK government is expected to announce more fiscal stimulus measures, which include 3B pounds to improve energy efficiency in homes and commercial property, 1.5B to support industry, arts and entertainment, and 2B to support wages for the young. There were also reports that transaction tax on homes will be partially …

The British Retail Association reported Tuesday that the number of shoppers in retail stores decreased by nearly 50% this week compared to last year, and the amount of money spent in restaurants and bars decreased after the reopened. These data come a day before Finance Minister Rishi Sunak is due …