The focus in financial markets in the middle of the week will shift back towards Asia, where official statistics for consumer and factory prices are due out. Brexit negotiations and the tech slump in the States won’t be far from investors’ minds however. Also in the US, the Department of …
Read More »What happens to the economy if the stock market gets the willies?
Outlook: We get US housing data all week, including starts and permits tomorrow and existing home sales on Friday, all likely to show robust growth. Today is the Empire State and Thursday is the usual jobless claims. Wednesday brings the Fed minutes. The Empire State August survey is expected to …
Read More »Britain gives £71m to China in aid – if you can stomach it, read where those tax millions are going
There can be no greater symbol of mankind’s prosperity than a giant rocket blasting off to a far-flung planet with its engines blazing orange. So in many ways, China’s successful launch yesterday of its mission to conquer Mars was a highly fitting moment for the world’s second largest economy. Certainly …
Read More »East Midlands Airport becomes “only UK airport” served by a direct cargo flight from China during lockdown
Management at East Midlands Airport say they have become the only UK airport to be served by a direct cargo flight from China during the lockdown. The new weekly link, launched by DHL Express from Hong Kong, is in response to growing demand for trade from Asia as markets start …
Read More »Second wave fears as China reports most new COVID-19 cases in months
China reported its highest daily number of new coronavirus cases in months on Sunday, warning of a second wave as more European countries prepared to reopen their borders. The shock resurgence in domestic infections has rattled China, where the disease emerged late last year but had largely been tamed through …
Read More »Coronavirus UK: Boris Johnson slammed for delaying testing
Fury at Boris Johnson as it emerges No10 only asked on SUNDAY for research labs to lend the government vital coronavirus equipment – despite pledging mass testing a week ago Experts including the WHO say mass testing is crucial to combat coronavirus Downing Street wrote to research labs on Sunday …
Read More »Health chief warns Australia is facing a coronavirus ‘pandemic’
Health chief warns Australia is facing a coronavirus ‘pandemic’ – but the government tells people NOT to wear masks Victoria’s health chief said the state is preparing for a coronavirus pandemic Dr Brett Sutton urged Australians to stay alert, said he is ‘planning for the worst’ Statement comes after Australia’s …
Read More »UPDATE 2-UK stocks slip as virus fears quell risk appetite
UK shares fell on Friday as investors took measures to reduce their exposure to perceived risky assets as the coronavirus continued to spread, while a buyout offer powered mid-cap real estate investment firm Daejan to an all-time high. The FTSE 100 slipped 0.4% and marked its second consecutive week in …
Read More »Coronavirus panic leaves London’s Chinatown almost empty
London’s Chinatown stands eerily deserted as thousands of revellers keep their distance from the tourist spot as coronavirus panic sweeps the UK. The normally-busy restaurants are empty after Britain’s ninth confirmed case of the virus, a woman who travelled from China, became the first in London. The total number of …
Read More »How coronavirus could plunge Australia into a recession and spark a 40 per cent house price plummet
A ban on Chinese tourists visiting Australia could plunge the economy into a recession for the first time in three decades. A veteran economist also fears a global coronavirus pandemic could spark a new global financial crisis, which could potentially unleash a 40 per cent plummet in Australian house prices. …
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