Category: News

  • UK economic outlook has “seriously deteriorated”

    International Business News  –  The International Monetary Fund (IMF) predicted in the latest World Economic Outlook Report that the UK’s economic growth will slow significantly in the second half of this year, and will become the weakest economy in the G7 next year. Growth forecasts for 3.2% and 0.5%, respectively. The Bank of England, the […]

  • Britons withdraw a record amount of cash

    International Business News  –  According to a recent report by the US Consumer News and Business Channel (CNBC) website, as the cost of living continues to rise, the amount of cash withdrawals by Britons has also surged. With inflation in the UK expected to surpass 13% in October, cash is becoming the way Britons manage […]

  • Bank of England’s biggest rate hike since 1995

    International Business News  –  On the 4th local time, in order to curb inflation, the Bank of England announced a 50 basis point interest rate hike, raising the benchmark interest rate from 1.25% to 1.75%, which is the largest rate hike since 1995. The market is closely watching the Bank of England’s decision to raise […]

  • UK Inflation Hits and public fears same 40-year high

    International Business News  –  According to some economists, as more people are returning to the labor market, inflation in the UK will struggle in 2023, leading them to expect the Bank of England to fail to meet its expectation of raising interest rates to 3.0% by the end of 2022 . The market had expected […]

  • Chris Kay becomes new CEO of Publicis Groupe UK

    International Business News  – Former 72andSunny APAC CEO and partner Chris Kay is new CEO of Publicis Groupe UK. It is reported that Publicis Groupe UK has appointed former BMF managing partner, 72andSunny APAC CEO and partner Chris Kay as the new CEO of the creative practice, overseeing Saatchi & Saatchi, Digitas, Leo Burnett, Publicis·Poke, Octopus, […]

  • UK Ministry of Defence: Ukraine launches counter-offensive!

    International Business News  – According to a report by the German news agency London on the 5th, the British Ministry of Defense reported according to information provided by British intelligence agencies that the Ukrainian army launched a counter-offensive in the eastern city of Severo Donetsk. The British Ministry of Defence said: “In the past 24 hours, […]

  • Johnson: Ukraine will not join NATO in the near future

    International Business News  – British Prime Minister Johnson said that it was never possible for Ukraine to join NATO in the near future. Johnson told a news conference in Madrid: “It has never been possible for Ukraine to join NATO in the near future.” In December 2014, the Verkhovna Rada of Ukraine amended two laws to […]

  • UK PM calls on G7 and NATO to prevent “bad peace” in Ukraine

    International Business News  – British Prime Minister Boris Johnson called on the G7 and NATO nations to prevent a “bad peace” in Ukraine, The Guardian reported, meaning Kyiv made territorial concessions. Johnson spoke on the issue of resolving the situation in Ukraine during his visit to the Rwandan capital Kigali on the 23rd. “My message to […]

  • Important update to UKCA requirements in UK Government Bulletin

    International Business News  –  On June 20, 2022, the UK government announced changes to regulations to simplify the requirements for manufacturers to place products on the UK market. The main changes proposed by the UK government’s Department for Business, Energy and Industrial Strategy (BEIS) will be: Reducing the re-test fee for UKCA certification to allow […]

  • UK Foreign Office announces new round of sanctions against Belarus

    International Business News  –  According to Reuters and TASS reports, the British Foreign Office said in a statement on July 4, local time, that a new round of sanctions will be imposed on Belarus, involving the economy, trade and transportation. The sanctions package includes a ban on exports to Belarus of refined oil products, luxury […]