Brexit uncertainty and a global economic slowdown amid the US-China trade war has set Britain on course for the most prolonged slump in business investment in 17 years, according to the British Chambers of Commerce (BCC).
GDP figures for the second quarter showed the UK economy going into reverse as some of the stock building that took place in the first quarter unwound and investment continued to fall. Exports also fell back, though this was offset by an even sharper drop in imports.
France and Britain aim to present a united front on the issue of Iran – where they have been at odds with the United States – as major world powers prepared to discuss Iran and other topics at the G7 Summit.
India’s revocation of Kashmir’s special status has attracted widespread international concern. Fears are centred on greater repression in Kashmir following the revocation of Article 370, which guaranteed the disputed region’s “special status” in India.
The European Union's chief Brexit negotiator, Michel Barnier, must go back to the bloc's leaders to change the terms of the talks because Britain's parliament will not accept the current deal, British Brexit Minister Stephen Barclay said on Sunday.
Britain said it is ramping up preparations for a no-deal Brexit by spending an extra 2.1 billion pounds ($2.6 billion) to stockpile medicines, hire more border officials and fund one of the biggest peacetime advertising campaigns.
Britain’s Royal Navy once had pride of place in an empire where the sun was never supposed to set. Boasting fearsome names like Dauntless, Indefatigable and Ultimatum, this formidable fleet underpinned Britain’s global role.
Britain’s housing market picked up modestly in June with a stronger-than-expected rise in mortgage approvals, but consumer lending growth slowed to a fresh five-year low, Bank of England figures showed on Monday.