Newsletter Jul 14, 2022
UK economy jumps in May as doctors and travel agents get busy

Britain's economy grew unexpectedly in May, driven by a rise in doctor appointments but also broader demand for things such as holidays, according to data that could reassure the Bank of England about its plans to keep on raising interest rates.


The most coveted endorsement in race to be next British prime minister? Margaret Thatcher

Margaret Thatcher has not been in power since 1990.


Eight Hopefuls Wanting To Be Next UK PM Face First Vote To Narrow Field

Conservative lawmakers will vote on Wednesday to narrow the field of eight candidates hoping to succeed Boris Johnson as party leader and prime minister, as rival camps trade barbs in an increasingly fractious contest for the leadership.

Ancestral ties: India avidly watching British leadership race

Half a world away from the political drama in London, many Indians are closely following the twists and turns of who replaces Boris Johnson as British prime minister, curious to see how two candidates with Indian ancestry fare.

UK's Wetherspoon to slip into the red amid 'laborious' pub recovery

Britain's J D Wetherspoon warned of losses this year as costs for labour, repairs and marketing eat into its bottom line, and said 'natural beer drinkers' belonging to an older population were staying away from pubs, hurting its sales.

UK house price growth falls to lowest since March 2021 - RICS

British house prices rose at their slowest pace in more than a year last month as buyer demand softened slightly although the overall breadth of price increases remained well above pre-pandemic levels, a survey showed on Thursday.

G20 Host Indonesia Hopes For Progress In Finance Chief Talks Despite War Friction

G20 finance leaders will meet in Bali this week for talks that are due to include issues like global food security and soaring inflation, as host Indonesia tries to ensure frictions over the war in Ukraine do not blow discussions off course.

EU Edges Closer To Ending 'Too-big-to-fail' Banks By 2024

The European Union's body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defences so that none remain "too big to fail" by January 2024.

Former CIA engineer convicted in WikiLeaks espionage case

A former CIA software engineer was convicted on Wednesday of leaking classified information to WikiLeaks from the spy agency, in one of the biggest such thefts in CIA history.

Uniqlo Owner's Q3 Results To Offer Clues On China Recovery, Japan Inflation

Japan's Fast Retailing, home of Uniqlo, is expected to report quarterly profit grew 11% overall on Thursday, but investors' focus will be on whether China is recovering and how domestic consumers are faring with inflation and the weak yen.

Shanghai Sweats Over Small, But Stubborn COVID Outbreak Already Hampering Economy

Anxiety levels rose along with temperatures in Shanghai on Wednesday, as medical workers sweated beneath their hazmat suits while administering compulsory mass testing for COVID-19 in a city that recently emerged from a painful two-month lockdown.

Rising prices curb consumers' taste for chocolate

Consumers are cutting back on chocolate due to the cost of living crises in Europe and the United States, according to new data and comments from executives at the world's biggest chocolate companies.

I have COVID symptoms. Should I do a test?

Official government guidance still suggests that you should take a test if you think you might have COVID.

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