global financial crisis

LONDON | Brexit unease sees UK economy takes a turn for the worse

LONDON (AP) — The British economy has not had a worse year since the global financial crisis and Brexit uncertainty is clearly to blame. The government even admits it. Official figures released Monday showed that a lack of clarity over Brexit weighed on businesses throughout 2018 and kept a lid on their investments. For 2018 … Continue reading LONDON | Brexit unease sees UK economy takes a turn for the worse

LONDON | Brexit’s toll: UK economy at weakest since financial crisis

LONDON (AP) — Mounting uncertainty over Brexit saw the British economy slow last year to its weakest growth rate since the aftermath of the global financial crisis, official figures released Monday. The Office for National Statistics said that the British economy grew by a quarterly rate of only 0.2 percent during the fourth quarter, down … Continue reading LONDON | Brexit’s toll: UK economy at weakest since financial crisis

LONDON | ‘Fog of Brexit’ means UK could enter recession this year

LONDON (AP) — The British economy is set to grow at its slowest rate since the global financial crisis a decade ago as the “fog of Brexit” causes heightened uncertainty, the Bank of England warned Thursday. With Britain due to leave the European Union in just 50 days, the central bank said that questions over … Continue reading LONDON | ‘Fog of Brexit’ means UK could enter recession this year

LONDON | UK economy to grow at weakest rate since financial crisis

LONDON (AP) — The British economy is set to grow this year by its weakest rate since the global financial crisis as uncertainties over Britain’s exit from the European Union ratchet higher, the Bank of England warned Thursday. The central bank said the U.K. economy is slowing despite a modest boost from firms stockpiling as … Continue reading LONDON | UK economy to grow at weakest rate since financial crisis

LONDON | UK car sales fell in 2018 by most since financial crisis

LONDON—Jan 07, 2019— A lobby group for the U.K. auto industry says new vehicle sales in 2018 fell by their biggest rate since the global financial crisis a decade ago. The Society of Motor Manufacturers and Traders said Monday that new car sales during the year were down by 6.8 percent from the year before … Continue reading LONDON | UK car sales fell in 2018 by most since financial crisis

LONDON | With Brexit 12 weeks away, uncertainty squeezing UK economy

LONDON —Jan 04, 2019— With Britain just 12 weeks away from the day it is meant to leave the European Union, one thing is becoming clear — uncertainty over what Brexit will mean is hurting the economy. A raft of economic figures released Friday showed the British economy weakening at the turn of the year … Continue reading LONDON | With Brexit 12 weeks away, uncertainty squeezing UK economy

NEW YORK | A decade-long rally on Wall Street looks like it’s ending

NEW YORK — After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge gains during … Continue reading NEW YORK | A decade-long rally on Wall Street looks like it’s ending

LONDON | UK wages rising at decade high while employment hits record

LONDON— Official figures show that wages in Britain are rising at their fastest rate in a decade while employment has hit a record high. The Office for National Statistics said Tuesday that average earnings were up 3.3 percent in the three months to October from the year before. That’s the highest rate since the summer … Continue reading LONDON | UK wages rising at decade high while employment hits record