Dealers at a stock broking firm in London. File/Reuters
Britain’s economy picked up more than expected in July, data showed on Monday, dampening fears that it will succumb to its first recession since the financial crisis as the Brexit crisis escalates.
Britain officially entered recession in the second quarter after gross domestic product (GDP) contracted by 2.2 per cent in the first three months of the year. The technical definition of a recession is two quarterly contractions in a row.
Britain’s economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed on Friday, placing the country on the verge of recession and sending the pound tumbling to a 2.5-year low.
Britain unveiled a 30 billion-pound ($39 billion) stimulus plan to help the economy as it faces the risk of a coronavirus recession, hours after the Bank of England (BoE) slashed interest rates in a double-barrelled response to the crisis.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation,
The 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa, and South Asia, will open today (Monday) and start a four-day run at the Dubai World Trade Centre
Expo Khorfakkan is all set for the first edition of the Jewels of Emirates exhibition, which is to run from 8th to 11th December with the support of Sharjah Chamber of Commerce and Industry (SCCI) and the supervision of Expo Centre Sharjah (ECS).