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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%.
Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai remains committed
The Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions
Abu Dhabi Airports, the operator and manager of the emirate’s five airports, has recently signed an agreement with the Federal Authority for Identity, Citizenship,
Emirates has announced that its flagship A380 service will be introduced for the first time to Bengaluru from 30th October to serve its customers on the busy route.