Monday, 23 September 2019

Tag Archives: Growth

UK pay growth hits 4% for first time since 2008 but hiring slows

LONDON: Britain’s workers received their biggest pay rises in more than 11 years this summer as the unemployment rate fell back to its lowest since the mid-1970s, official data showed. But there were some signs of nervousness among employers as the latest deadline for Brexit approached. Hiring was weaker than ...

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WTO quarterly trade growth indicator drops

GENEV: The World Trade Organization (WTO) said that its latest economic barometer showed that the growth in merchandise trade was likely to weaken further in the third quarter. Its quarterly trade growth indicator showed growth in global goods trade was likely to weaken, with a reading of 95.7. In its ...

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South Korea posts worst growth figure for a decade in Q1

SEOUL: South Korea’s economy shrank 0.3 percent in the first quarter, its worst performance for a decade, its central bank said, as exports fell and companies cut investment amid the US-China trade dispute. It was the largest contraction for Asia’s fourth-biggest economy since a 3.3-percent drop in late 2008 at ...

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Twitter posts revenue rise, surprise growth

LONDON: Twitter Inc. posted better-than-expected quarterly revenue and a surprise rise in monthly active users, showing its efforts to delete spam accounts and better police posts were paying off by attracting more users and ad dollars. Twitter shares surged nearly 10 percent shortly after the first-quarter earnings announcement in premarket ...

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Trump trade rows are ‘destroying’ growth, says German minister

BERLIN: Germany’s economy minister on Sunday lashed out at US President Donald Trump, slamming his global trade rows and efforts to “dictate” Europe’s dealings with Iran through renewed US sanctions. In an interview with German weekly Bild am Sonntag, Peter Altmaier warned of the damaging consequences of a full-blown US-China ...

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British house price growth slows in late 2017

LONDON: British house prices grew last year at their slowest pace since 2012 and in London they fell for the first time in a full year since 2009, mortgage lender Nationwide said on Thursday. Nationwide said it expected growth in British house prices to slow further to just 1 per ...

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Vodafone upgrades its growth forecast

LONDON: Vodafone upgraded its financial forecasts after it reported better than expected performance in the first half of the year, assisted by a £100m compensation cheque from BT’s network business Openreach. The telecoms giant said it now expects organic earnings before interest, tax, depreciation and amortisation to increase by around 10pc ...

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British retail sales slow in July

LONDON: British retail sales growth slowed broadly as expected in July after a strong second quarter, as shoppers cut back on purchases of most goods other than food, adding to worries about a fall in consumer demand caused by higher inflation. Year-on-year retail sales growth dropped to 1.3 percent in ...

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IMF downgrades US and UK growth

LONDON: The International Monetary Fund (IMF) has lowered its forecasts for US and UK economic growth this year, following “weaker-than-expected activity” in the first three months. The IMF says it now expects the UK to grow by 1.7% this year, compared with the 2% it was previously forecasting. The US ...

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Pakistan ahead of India in Economic Freedom Index: US think tank

WASHINGTON:  India ranked a dismal 143 in an annual index of economic freedom by a top American think tank, behind its several South Asian neighbours including Pakistan, as progress on market-oriented reforms has been “uneven”. The Heritage Foundation in its Index of Economic Freedom report said despite India sustaining an ...

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