Economic News
Downturn in UK services sector eases in June
The downturn in the UK services sector eased in June, according to figures released on Friday.
FCA extends car finance, high-cost repayment freeze
The Financial Conduct Authority said it had extended the freeze on car finance and high-cost credit repayments for customers still facing payment difficulties as a result of the Covid-19 pandemic.
Fire damages building at Iran nuclear site
A fire reportedly damaged a building at one of Iran’s nuclear facilities on Thursday morning, although authorities tried to downplay the incident.
UK, EU watchdogs debate over final say in O2-Virgin deal - report
The UK competition watchdog is in discussions with Brussels for full control over the review of the proposed £31bn merger between Virgin Media and O2.
England quarantine dropped for top EU tourist destinations
Britons will be able to visit top EU tourist destinations such as Spain, Italy, France and Germany without having to quarantine for two weeks on their return, the government said on Friday.
UK consumer confidence improves a little - GfK
UK consumer confidence is improving a little as more businesses prepare to reopen after the coronavirus lockdown but the mood remains fragile, according to a survey released on Friday.
China services PMI hits 10-year high in June
The Chinese services sector grew at the fastest rate in more than a decade in June, according to data released on Friday.