No matching items found
Picture used for illustrative purpose. File
Gulf Today Report
With post-Brexit custom checks starting Jan.1, British business owners are overstocking goods.
According to logistic companies, demand for delivery before the New Year has soared. Custom agents are also overwhelmed as traders try to learn the ropes of the new rules.
Disney to let go of 32,000 staff
Oil falls following a decline in US inventories
Gold prices rise as investors remain hopeful for a stimulus
Jon Swallow, director of Jordan Freight said, "we have told our customers that the best thing you can do now is stock up, stockpile, and they're bringing in as much as they can."
However, overstocking comes with its own downside. Businesses do not have the capacity and the prices of items are increasing.
Prices have surged by 20% and could do higher in December, Swallow added.
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.
Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll found. Many said they would take a «wait-and-see» stance toward Brexit.
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after Opec and its allies agreed not to increase supply in April as they await a more substantial recovery in demand.
Amazon.com has opened its first-ever physical store outside the United States, which is expected to create a new trend in the British retailing sector.
The US employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions.
Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.