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UK economy contracts again in May, missing expectations for slight rebound
The U.K. economy unexpectedly shrank again in May, data showed Friday, failing to shake off the impact of U.S. tariffs and business uncertainty. The latest monthly growth figures from the Office for National Statistics showed U.K. gross domestic product (GDP) contracted 0.1% month-on-month in May. Analysts polled by Reuters had expected a 0.1% expansion. Weakness was concentrated in production output, down 0.9%, and construction, which fell 0.6%. The figures will come as a blow to Finance Minister Rachel Reeves, who has made rebooting economic growth and reducing the U.K.’s budget deficit her core aims. The latest ... (full story)
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From brecorder.com|Jul 11, 2025Binance - one of the largest cryptocurrency exchanges in the world - announced Thursday the launch of Sharia Earn - “the first multi-token staking service that meets the ...
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From piquenewsmagazine.com|Jul 11, 2025|1 commentStatistics Canada is set to report employment figures for June today. A Reuters poll of economists expect the pace of hiring stalled in June, with no change in employment ...
From statcan.gc.ca|Jul 11, 2025|15 commentsEmployment increased by 83,000 (+0.4%) in June and the employment rate rose by 0.1 percentage points to 60.9%. The unemployment rate fell 0.1 percentage points to 6.9%. Employment ...
