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Gulf Today Report
Britain’s economy bounced back in February after declining in January following lockdown, according to official data.
In a statement by the Office for National Statistics (ONS), gross domestic product expanded by 0.4 per cent in February after sinking by an upwardly-revised 2.2 per cent in January.
However, despite the rebound, the economy was 7.8 per cent smaller than its pre-pandemic level in February 2020.
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"Wholesalers and retailers both saw sales pick up a little while manufacturing improved with car producers experiencing a partial recovery from a poor January.
"Construction grew strongly after revised figures showed they had struggled in the last couple of months," said an ONS spokeswoman.
Retail sales volumes fell 8.2% compared with December, a far bigger fall than the 2.5% decrease forecast.
Confirming weekend reports on the closures by Reuters and UK media, the company's statement on Monday spelt out the scale of the job losses, which take in ancillary staff including cleaners and security as well as its own employees.
The Autonomy thinktank said “the time has come” for a shorter working week as the end of the government’s furlough scheme in October is expected to cause an unemployment crisis.
An indicator measuring expectations for the next three months was the strongest since October last year at +9%.
The World Expos like Expo 2020 Dubai, have provided a platform to showcase or announce the greatest innovations that have shaped the world we live in today. The Expo 2020 continues the tradition as a number of latest technologies on display at various pavilions.
The Ministry of Culture and Youth unveiled its strategic agenda and announced a series of international conferences for Expo 2020 Dubai, which opened its doors to visitors on October 1, 2021. The Ministry’s programme aims to showcase the richness and diversity of the UAE’s cultural landscape,
Another breakthrough was sealed between the UAE and Israel on Wednesday morning with the signing of a Memorandum of Understanding (MoU) on space exploration. Details of the MoU, signed at the Leadership Pavilion within the Expo 2020 Dubai, by UAE Minister of State for
Economic progression happens where businesses are making massive transactions to further trade of good ad services. Kashif Ansari, CEO Juwai IQI speaking to Gulf Today exclusively from Kuala Lumpur shared his thoughts that with global economy opening, investors and travellers.