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UK retail sales slump in new lockdown, borrowing less than expected

(Reuters) - British retail sales tumbled in January as non-essential shops went back into lockdown, official data showed, but lower-than-expected public borrowing offered at least some relief to finance minister Rishi Sunak as he...

Japan’s minister welcomes UK’s application to join CPTPP trading bloc

TOKYO (Reuters) - Japanese Economy Minister Yasutoshi Nishimura said on Monday he welcomed Britain's application to join the Comprehensive and Progressive (NYSE:PGR) Agreement for Trans-Pacific Partnership (CPTPP) trade bloc. Britain is Japan's partner and shares...

Euro zone factory recovery faltered in Jan but still strong: PMI

LONDON (Reuters) - Euro zone manufacturing growth remained resilient at the start of the year but the pace waned from December as renewed lockdown measures across the continent, alongside supply shortages, hurt activity, a...

Irish services activity tumbles after new lockdown – PMI

(Reuters) - Ireland's services sector contracted last month at the sharpest rate since the economy was emerging from an initial COVID-19 lockdown last May after the government imposed its toughest restrictions in nine months,...

Family-owned firms lag on setting ESG priorities – PwC survey

(Reuters) - Family-owned businesses are falling behind on setting environmental and social standards, with just over a third having set a sustainability strategy, a survey published by PwC on Tuesday found. While family-owned companies -...

Transform economics to halt destruction of the natural world, UK study urges

(Reuters) - Nations will have to rethink economic growth as a measure of success if they want to make good on pledges to halt the destruction of the natural world, according to a British...

Virgin Money UK expects pandemic stress on banks to step up later this year

(Reuters) - The boss of Virgin Money (LON:VM) UK said on Tuesday the lender is taking a cautious approach despite turning a statutory profit in the latest quarter, with stress on customer finances from...

Exports from UK to EU down 68% since Brexit trade deal, say hauliers

(Reuters) - Exports from Britain to the European Union fell by 68% in January as trade was disrupted after the end of a transition period following Britain's departure from the European Union, according to...

Japan bank deposits rise at record pace as firms, households hoard cash

(Reuters) - Japanese bank deposits surged at a record annual pace in January, data showed on Monday, a sign companies and households were continuing to hoard cash to guard against the prolonged damage from...

UK house prices rise at fastest rate in six years

(Reuters) - British house prices rose at the fastest rate in more than six years at the end of 2020, official figures showed on Wednesday, extending a surge driven by a temporary tax break...
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Samsung Electronics’ Texas chip output returns to near-normal levels

(Reuters) -Samsung Electronics said on Tuesday that production at its U.S. chip plant at Austin, Texas had returned to near-normal levels as of last...

Nomura flags $2 billion loss, cancels bond issue; shares plummet

(Reuters) -Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan's biggest brokerage and investment bank to...

Overseas athletes may be able to take part in Olympic test events, organisers say

(Reuters) - International athletes could be invited to participate in test events before the Tokyo 2020 Olympic Games this summer, organisers said on Monday. The...