Over 89 per cent of companies with business links to Britain said they would make no change in their operations. File
Britain’s Brexit crisis tipped the country’s construction industry into its sharpest fall in a decade in June, a survey showed, in a stark sign of how quickly the world’s fifth-biggest economy is slowing.
Jaguar Land Rover (JLR) is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty.
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But this year comparatively little has been happening.
Britain’s Brexit-bound economy unexpectedly grew in February, helped by manufacturers rushing to meet orders from clients who are stockpiling goods ahead of the country’s break from the European Union, official data showed. While still sluggish, the economy expanded by 0.2 per cent from January, the Office for National Statistics said. Economists in a Reuters poll had expected zero growth.
The foreign investments in India increased to $443 million in the financial year 2019 from $224 million in financial year 2018. Poised to be the third largest consumer retail destination in the world, India is now an attractive investment destination for retail.
Warren Buffett’s Berkshire Hathaway Inc posted a 23 per cent decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings.
Argentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing programme, days after the global lender said the country’s debt situation had become “unsustainable”.