gdp
Top StoriesUK Economy Contracts 0.6% in June and 0.1% in Q2
Top StoriesAsian Stocks Mixed and European Futures Flat on Rate Hike Worries
Top StoriesFTSE 100 Ends Down as Gsk Slumps, Eyes on GDP Data
Top StoriesU.S. Producer Prices Fall in July; Weekly Jobless Claims Climb
The Importance of SMEs in Exchange Infrastructure
Date: August 11, 2022
By Jesús González Nieto, Head of BME Growth Small businesses are the backbone of our economy. In the UK, SMEs account for 99% of the business population and are responsible for around half of GDP and employment. The situation is similar across Europe as SMEs contribute to over half of Europe’s GDP and employ around...
Sterling Slumps 0.5% vs Euro Ahead of UK GDP Data
Date: August 11, 2022
By Joice Alves LONDON (Reuters) – Sterling fell against the euro on Thursday a day ahead of gross domestic product (GDP) figures which are expected to show further signs of a weakening British economy. The pound is one of the worst performers out of the G10 currencies this year, having fallen almost 10% against the...
Africa Is Paying a Serious Price for Russia’s War in Ukraine
Date: August 11, 2022
By Bryan Turner, Partner, Spear Capital When Russia invaded Ukraine in February, escalating a conflict that began in 2014, many feared that there would be global consequences. Some felt those consequences immediately – most notably the European countries dependent on Russian gas and oil for energy. As the war dragged on through the Northern Hemisphere...
FTSE 100 Stalls as Rio Tinto, Healthcare Stocks Weigh
Date: August 11, 2022
By Sruthi Shankar (Reuters) -Britain’s top share index dipped on Thursday, weighed down by Rio Tinto and healthcare stocks, while the midcap index struggled after hitting a two-month peak earlier as prospect of higher U.S. interest rates kept investors wary. The FTSE 100 dropped 0.1%, with Rio Tinto falling 3.8% as the miner traded without...
German Coalition Quarrels Over Plan to Help ‘fragile’ Economy
Date: August 10, 2022
BERLIN (Reuters) -The economic situation is deteriorating and the outlook is fragile in Germany, Europe’s largest economy, its finance minister said on Wednesday, defending his plans to raise income tax thresholds in response to soaring inflation. The German economy stagnated in the second quarter, with the war in Ukraine, soaring energy prices, the pandemic and...
Greece to Exit EU’s ‘enhanced Surveillance’ Framework After 12 Years
Date: August 10, 2022
ATHENS (Reuters) – Greece will exit the European Union’s so-called enhanced surveillance framework on August 20, its finance minister said on Wednesday, a move that will allow the country greater freedom in making economic policy. Greek economic developments and policy have been monitored under the framework since 2018, after Athens exited three international bailouts, totalling...