Economic News
Libya set to restart oil exports
Libya is set to resume crude oil exports in the wake of successful talks between the country's two warring factions following talks led by the United Nations and the United States.
Bailey says BoE 'very worried' about jobs
The Governor of the Bank of England has told school pupils the economy is starting to recover but that the central bank was extremely worried about unemployment.
German recovery is on track, says economics ministry
German officials have confirmed that the country’s economic recovery is underway after industrial production passed its lowest point.
UK warns businesses to prepare for end of Brexit transition period
The UK is urging businesses to prepare for the end of the Brexit transition period on 31 December 2020 in a new campaign.
BT warns UK government against rushing Huawei ban
BT boss Philip Jansen said on Monday that the UK government should not rush the ban on China’s tech giant Huawei from developing the country's 5G network, warning of potential outages and security issues.
Copper prices rally after Antofagasta miners vote to strike
Copper prices spiked on Monday on possible supply issues, after workers at a Chilean mine owned by Antofagasta voted in favour of strike action.
Services sector reports record surge as lockdown eases
The UK economy rebounded in June, industry research showed on Monday, as lockdown measures started to ease and the services sector enjoyed a surge in activity.