UK Economy Rebounds Slower than Expected

The UK’s economy rebounded more slowly than expected in May, growing just 1.8 per cent from the previous month, as the gradual easing of the COVID-19 lockdown had a modest impact, the Office for National Statistics (ONS) said on Tuesday. According to


London Tourism Collective Sends SOS

More than 10,700 London tourist attractions, restaurants, hoteliers, travel bodies and event organisers urge Prime Minister Boris Johnson to aid the recovery of the capital’s tourism industry or face the economic consequences … reports Kaliph Anaz London sends SOS.  The 10,776 London

Countries Weary of Holding Gold with Bank of England

A judgement by the UK High Court on denying access to Venezuela to its gold held in the Bank of England may have implications for safe keeping of other countries sovereign assets, according to Kartik Mittal, Partner, Zaiwalla & Co. During the


US to impose tariffs on France

The US has planned to impose 25 per cent additional tariffs on about $1.3 billion worth of French products in response to the country’s digital services tax that impacts major American technology companies, the Office of the US Trade Representative (USTR) announced.


EU Revises Recovery Plan

European Council President Charles Michel presented a revised proposal that includes a minor reduction to the European Union’s (EU) seven-year budget in a bid to secure the green light for his fresh wide-ranging plan to revive the European economy. The aim of


EU Fears Worst Recession

The 27-member European Union (EU) economy is forecast to contract by 8.3 percent in 2020 and grow by 5.8 percent in 2021, the European Commission has said in its “Summer 2020 Economic Forecast”…reports Asian Lite News The European economy will face a