News And Announcements
Bharti invests half a billion in UK start-up OneWeb
Indian firm Bharti Global has invested $500m in UK-based space start-up OneWeb in a deal that also grants the Indian firm a 39% stake in the company.
Chicago PMI falls in June
Economic activity in the Chicago area unexpectedly deteriorated in June, according to data released on Wednesday.
DMCS tells messaging apps not to use e2e encryption for minors' accounts
The UK Department of Digital, Media, Culture and Sport (DCMS) has told messaging apps to prevent the use of end-to-end encryption on “child accounts”.
Global economy facing $4trn loss as tourism slumps
The global economy could lose more than $4trn because of the damage Covid-19 has had on international tourism, a United Nations report has warned.
BoE's Haldane warns inflation headed towards 4 per cent
Andrew Haldane warned in his last speech as the Bank of England's chief economist that policymakers risked losing control of inflation.
Eurozone inflation nudges lower in June
Eurozone inflation eased to 1. 9% in June, official data published on Wednesday showed, in line with forecasts.
China's manufacturing sector softens in June
Economic growth in China eased in June, official data showed on Wednesday, as the country's manufacturing and services sectors both softened.
TUC accuses UK of making trade deals with countries abusing human rights
The Traders Union Congress accused the UK government on Wednesday of rushing into post-Brexit deals with countries that systematically violate or deny workers their rights.
UK Q1 GDP contracts 1.6% as household savings rise
The UK economy contracted a touch more than initially estimated in the first quarter as households saved more during the third national lockdown, according to figures released on Wednesday by the Office for National Statistics.