Economic News
Water companies to share cost of bad debt with business customers
The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
BoE's Vlieghe pushes back on calls for slowing monetary stimulus
A top Bank of England official pushed back on calls for the monetary authority to dial back on stimulus, arguing that inflationary pressures in the UK were transitory, while the pandemic remained a threat.
Government looking at ways to exclude CGN from UK energy projects
The UK government is looking at ways to exclude China's state-owned China General Nuclear Corp. from all future power projects in the country.
Chinese crackdown on US-listed stocks signals start of 'Cold War', Roach says
Beijing's moves against US-listed Chinese firms may be signalling the start of a 'cold war' between the two countries, a well-considered expert said.
Retail footfall surge on 'Freedom Day' simmers down during heatwave
So-called ‘Freedom Day’ in England saw a rise in retail footfall across the UK last week, fresh data revealed on Monday, with the hot weather seeing some destinations enjoying a larger share of that increase.
German business sentiment deteriorates in July - Ifo
German business sentiment unexpectedly deteriorated in July amid supply issues and a rise in Covid cases, according to a survey released on Monday by the Ifo Institute.