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Monday, August 10, 2020

Economy

Find the latest economic news, current events and headlines about Economy, as well as blogs and video from The Union Journal

Central bankers in emerging markets have put up a decent show during the coronavirus crisis, in contrast to some of their governments. Even as death rates soar in the worst-affected countries, EM monetary policy — with a huge assist from the US Federal Reserve — has kept the worst...
Britain and Japan on Friday reached “substantial agreement” on most elements of a post-Brexit trade deal, after two days of talks during which UK trade secretary Liz Truss resisted moves to restrict British farm exports. The proposed deal, which both sides want to wrap up by the end of the...
Spirent posted a 7% rise in revenue to £177.53 million, while the order intake rose 6% to $232.1 million The firm also released SimIQ, a testing tool focused on accelerating product development Spirent stock price rallied 11% today to print a new all-time high at GBX306 Shares of Spirent Communications PLC (LON:...
The US unemployment rate fell to 10.2 per cent in July but employers added fewer jobs than in June, as the economic rebound from the pandemic was hindered by a spike in Covid-19 cases in the American south and west. The fall in the jobless rate from 11.1 per cent...
Chinese exports rose sharply in July, according to official figures released on Friday, in a sign of resilience in the country’s trade activity despite the lingering impact of the coronavirus pandemic worldwide. Exports rose 7.2 per cent in dollar terms compared with the same month a year earlier, according to...
Industrial output in three of the eurozone’s largest economies increased by more than expected in June, as governments lifted their most stringent lockdown measures. The biggest monthly gain in production — for manufacturing, mining and utilities — was reported in Spain, where output rose 14.0 per cent from the previous month. France reported...
The US-China tech war has kicked up a gear. In the space of seven days, the White House has threatened to ban Chinese video app TikTok, launched a campaign to purge Chinese telecoms carriers, cloud providers and apps, and barred US companies and citizens from transacting with WeChat, the...
Chinese technology stocks lost $100bn in value on Friday after US President Donald Trump unveiled executive orders targeting popular social media apps TikTok and WeChat. Shares in Tencent fell as much as 10.1 per cent in Hong Kong after Mr Trump issued an executive order that gave US companies 45...
Donald Trump has given US companies 45 days to stop dealing with ByteDance, the Chinese owner of TikTok, and WeChat, the messaging platform owned by Tencent, as he stepped up a campaign to clamp down on apps he called a threat to economic and national security. Mr Trump issued two...
Boris Johnson’s government is to spend an initial £200m on a new service to help businesses in Northern Ireland comply with the bureaucratic costs of bringing in goods from Great Britain after Brexit. The new “Trader Support Service” will be offered free of charge to help traders with the burden...