German exports to Britain declined 30% in January mainly due to its exit from the European Union, according to preliminary estimates released by the Federal Statistics Office. The latest drop is nearly twice the 15.5% drop in 2020, the highest year-on-year decline since the financial crisis in 2009 when exports fell 17.0%.Exports amounted to 67 billion euros to mark the … [Read more...] about U.K and Germany Trades Post Highest Declines Since 2009 Financial Crisis
Forex News
Over 29% of London Population Estimated To Have COVID-19 Antibodies
Nearly a third of London residents or 29% are likely to test positive for the antibodies of COVID-19 indicating the rapid spread of the U.K strain of the disease in February, according to a report. Findings of the Office for National Statistics cover the 28 days to Feb. 11, up from one in every five people in the city who tested positive in the January. This is the highest … [Read more...] about Over 29% of London Population Estimated To Have COVID-19 Antibodies
Manufacturing Output Grows to 3-Year High in February
Manufacturing output rose to its highest reading in three years in February to mark the ninth consecutive month of expansion, according to the latest Institute for Supply Management (ISM) Report on Business. Manufacturing PMI grew 2.1 percentage points to 60.8% in February from 58.7% in January. This is the highest since 60.8% in February 2018, indicating strong sector … [Read more...] about Manufacturing Output Grows to 3-Year High in February
Global Food Prices Soar as Economies Recover from COVID-19
Food prices across the globe continue to climb faster than consumer prices and income due to a surge in raw material costs, according to a Bloomberg report. Global food prices surged to a fresh six-year high in January due to higher prices of staples like grains, sunflower seeds, soybeans, and sugar. Prices unlikely to drop soon due to poor weather, increased demand, and … [Read more...] about Global Food Prices Soar as Economies Recover from COVID-19
UK Inoculation Program Provides Glimpse of COVID-19 Vaccine Effectiveness
The United Kingdom's inoculation program has provided a glimpse on the effectiveness of vaccines against the COVID-19 pandemic, with data compiled and put into charts by CNBC. Vaccines made by Pfizer-BioNTech were the first approved and rolled out in December, followed by Oxford-AstraZeneca.Deaths falling fastest in the over-85 age group in Scotland after first vaccinations … [Read more...] about UK Inoculation Program Provides Glimpse of COVID-19 Vaccine Effectiveness
