Rolling coverage of the latest economic and financial newsLatest: PizzaExpress could close 15% of UK restaurants in rescue deal1,100 jobs at risk Earlier:Oil giant cuts dividend to 5.25 cents per shareBP posts huge loss after asset writedownsDiageo hit by sales slump, but easyJet expands schedule 1.24pm BST Back in the City, oil giant BP is still among the t […]
President Donald Trump’s latest tweet touts record gains for the Nasdaq Composite Index and suggests a rebound in the market from coronavirus -induced lows is in jeopardy if former Vice President Joe Biden, and presumptive Democratic presidential nominee, wins the 2020 election.
The rebound in growth in the third quarter is more muted than expected, meaning a higher unemployment rate at the end of the year, said Dallas Fed President Robert Kaplan on Monday.
Although the gap in wages is narrowing, inequalities in wealth across the UK are rising, a report suggests.
[Premium Times] South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria.
Small-business owners said they have exhausted federal and local assistance and see no end in sight after months of sharp revenue drops. Now, many are closing their shops and restaurants for good.
Weakness in growth versus above-target inflation, improving indicators and concerns over inflation expectations will put the RBI in a tough spot, said DBS economist Radhika Rao.
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The dollar rose to levels around ¥105.90 in Tokyo trading Monday, aided by a Japanese retail giant’s announcement of a huge U.S. business buyout plan …
The announcement came after the company consulted with President Trump, who has threatened to ban the app and expressed national security concerns about it in recent weeks.
[Vanguard] Shoprite Nigeria has debunked the story making the rounds that it intends to close shop in Nigeria.
[The Exchange] While most other East African countries are expected to fall into a recession for the remainder of the year, Tanzania’s economy is actually expected to grow.
Logistics and delivery companies have been boosted by a surge in demand for medical goods and online shopping amid the coronavirus crisis, with some recording triple digit surges in profit.But they will have to readapt in the post-pandemic era, as many of the businesses they rely on shrink or close down altogether in what promises to be a prolonged global re […]
[Ethiopian Herald] Angola discussions that took place last week is a major pillar of the strong dialogue and cooperation between OPEC and African producing nations. The Chamber welcomes these discussions and encourages more collaboration as Angola and others will benefit from market stability, according to Apo group.
Wilford Brimley, the character actor who appeared in such hit films as Cocoon and The Firm but is best known as the pitch man for Quaker Oats food products, has died. He was 85.
Hampton Group, which has its HQ near St Paul’s Cathedral in Central London, was founded by a former Chinese government official.
Foreaders 