Figures show China’s economy grew by 3.2 per cent between April and June. This means it has clawed back almost half the record 6.8 per cent contraction in the first three months of the year.
Canary Wharf Group said the eight-building scheme will include up to 2.5m sq ft of office space. It will build the project at North Quay, the largest undeveloped site left in the Docklands financial district.
Banks Mining has urged ministers to make a decision on an open-cast site in Northumberland after it started the process of laying off staff as its current sites cease production.
Glaxosmithkline was on the up after an independent panel in the US encouraged regulators to approve the company’s experimental therapy for a common type of blood cancer.
Financial services are a powerhouse of the UK economy employing 1.1m citizens across the nation, generating 10 per cent of national output and contributing £75.5bn annually to the exchequer.
The Office for Budget Responsibility’s projection was for the Government to borrow £372.2bn this year and £899.2bn over the next five years – pushing the national debt above £2.6trillion in 2024-25.
Annual profits at the group fell to £166m for the year to May 2, down from £339m the previous year. Electrical sales were up 22 per cent as shoppers bought home working and schooling supplies.
Official figures provide a stark reminder of how the area – described by tourist chiefs as the ‘economic powerhouse’ of the Lake District – has been devastated by the coronavirus crisis.
While millions of workers in the US and the UK are fearing for their jobs, Goldman is planning to hand its 39,100 employees an average pay package of £156,293 for the first six months of this year alone.
Amanda Staveley, 47,(pictured), who once dated Prince Andrew, is suing the British bank for £1.6bn on claims she was edged out of a lucrative deal at the height of the financial crisis.