Economic News
Swiss set to vote on free movement deal with EU
Switzerland is set to vote on Sunday on whether to end its agreement with the European Union that allows free movement of people between the two jurisdictions.
China claims WHO gave approval for Covid-19 vaccine emergency program
The World Health Organization gave China its blessing to start administering experimental coronavirus vaccines to people while clinical trials were still underway, a Chinese National Health Commission official said on Friday.
US durable goods orders fall slightly short of forecasts in August
Durable goods orders in the US came in slightly below forecasts last month, even as those for core capital goods strengthened.
Next boss Wolfson predicts large-scale retail job losses
Next boss Simon Wolfson said many thousands of retail jobs would not survive the long-term effects of the Covid-19 crisis, the BBC reported.
UK August car production slumps 44% as Covid restrictions hit demand
UK car production almost halved in August, official figures showed as the coronavirus pandemic and seasonal factory shutdowns took their toll.
Government borrows £35.9bn in August in response to Covid-19
The government borrowed £35. 9bn in August - the third highest monthly figure on record - as tax revenue fell and the government spent to deal with the economic effects of the Covid-19 crisis.