UK economy recovers output lost to crisis, grows +0.8 percent in second quarter

LONDON, - Britain’s economy is finally bigger than it was before the financial crisis struck six years ago, official data showed on Friday.

Recent Business News

RBS releases earnings early after surprise swing to profit

LONDON - Royal Bank of Scotland said it made a pre-tax profit of 1 billion pounds in the second quarter, far better than analysts had expected, thanks to a turnaround in losses from bad loans, prompting it to release earnings a week early.

UK 11:09am BST

In China meat scandal, McDonald's Japan switches to Thai chicken, no nuggets in Hong Kong

HONG KONG - McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the centre of a food safety scare in China.

11:20am BST

Geopolitical crises help push German business morale to lowest since October

BERLIN - German business sentiment fell to its lowest level in nine months in July, adding to signs that Europe's largest economy is slowing and suggesting that firms are worried about the crises in Ukraine, Iraq and Gaza.

10:43am BST

China unemployment rate steady at 4.08 percent at end of second quarter

BEIJING - China's urban unemployment rate was 4.08 percent at the end of June, identical with the level in March, the labour ministry said on Friday.

11:53am BST

Euro zone private sector loans contract less in June - ECB

FRANKFURT - A decline in lending to households and firms in the euro zone slowed slightly in June and money supply grew, as the European Central Bank's new stimulus measures find their way through the system.

10:30am BST
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