Thursday, 16 August, 2018

United Kingdom economy warms up a touch, Brexit hurdles ahead

Demolition Begins At The Burnt Out Glasgow Art School Source Getty
Rhonda Young | 12 August, 2018, 14:33

United Kingdom gross domestic product in the period from April to June grew 0.4% more than the first three months of 2018, which was in line with the Bank of England's prediction and the average forecasts of economists, picking up from the disappointing 0.2% growth in the first quarter. Britain's economy slowed after the decision to leave the European Union and is expected to continue to expand at a weaker pace than most other developed economies as the March 2019 Brexit date approaches.

Britain's economy bounced back in the second quarter after the Beast from the East cold snap nearly brought growth to a standstill. Net trade was the biggest drag on the economy since the third quarter of 2016.

The Office for National Statistics said that UK GDP was 1.3% higher compared to the second quarter past year, also as anticipated, up from 1.2% annual growth in the first quarter.

Arsenal without four senior players for Premier League opener against Man City
Bernd Leno is expected to be preferred in goal to Petr Cech , with Shkodran Mustafi and Sokratis the centre-back pairing. He has returned to training this week but it's unclear as to whether he'll start the match or be among the substitutes.

Compared with a year ago, the economy stood 1.3 percent larger in the second quarter, only a touch above a almost six-year low touched in the first three months of the year.

Quarterly consumer spending growth picked to 0.3% from 0.2%, with businesses also defying Brexit-related uncertainty to rebound to 0.5% from a 0.4% decline in the first quarter.

World Cup revellers sent the cash tills ringing as manager Gareth Southgate's England team progressed to the semi-finals at the tournament held in Russian Federation.

'Suicidal Male' Steals Plane And Crashes After 'Unauthorized Takeoff' From Sea-Tac
After the plane approached Ketron Island, Waldron saw a thick column of smoke followed by a loud explosion, he said. The jets' capability was appropriate to the potential task, one of the sources said, without offering details.

"Abstracting from these quarterly movements, the underlying trend in real GDP is one of slowing growth", the ONS warned. "However, manufacturing continued to fall back from its high point at the end of a year ago and underlying growth remained modest by historical standards", ONS statistician Rob Kent-Smith said. Meanwhile, production dropped 0.8 percent.

The ONS also said that the economy grew by 0.1 per cent in June, down from a more robust 0.3 per cent in the previous month. More recently, wages have risen more quickly than inflation but there have been signs that household finances remain stretched.

The United Kingdom outperformed the Eurozone, which grew by 0.3 percent last quarter. This was driven by a 0.9% fall in manufacturing and a 2.7% fall in energy supply, while mining and quarrying, and waste management production both rose by 0.7% and 1.9% respectively.

World Bank preps for world's first blockchain bond
Termed "bond-i", or Blockchain Offered New Debt Instrument , the name also refers to the famous Bondi Beach in Sydney. World Bank has mandated only the Common Wealth Bank of Australia [CBA] to issue bond based on Ethereum blockchain .

Recommended

  • Torchlight Frontiers announced for PS4, Xbox One, and PC

    Torchlight Frontiers announced for PS4, Xbox One, and PC

    Despite the closure, Perfect World promised it was "committed to supporting and growing Runic Games' beloved franchises". Despite this, the shared-world action-RPG does feature elements of what made the original Torchlight games so popular.

    Greek teen Stefanos Tsitsipas reaches Toronto final

    Under a blazing afternoon sun, Tsitsipas and Anderson relied on their service games in the opening set on the showcase hardcourt. Play wraps up Sunday at the $5.94-million United States tournament on the York University campus.
    Buzarnescu damaged ligaments in fall at women's Rogers Cup

    Buzarnescu damaged ligaments in fall at women's Rogers Cup

    Maria Sharapova also beat the odds in emphatic style with a 6-0 6-2 win over number 12 seed Daria Kasatkina. But Konta could not continue her momentum as she squared up against number five seed Svitolina in Montreal.
  • Plastic bag ban declaration expected

    Plastic bag ban declaration expected

    The Warehouse also announced it will ban all plastic bags within a year and is making moves to review its packaging too. Associate Environment Minister Eugenie Sage says degradable bags will also be included in the mandatory phase-out.
    Sterling slide no longer a boost for Britain's FTSE 100

    Sterling slide no longer a boost for Britain's FTSE 100

    Barclays said Friday's GDP data showed that the British economy's second-quarter rebound only offset the first-quarter weakness. Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc, BBC reported on Thursday.
    US Marine missing in Sulu Sea

    US Marine missing in Sulu Sea

    Additional Navy P-8 aircraft and Philippine Coast Guard vessels have expanded the search to about 3,000 square nautical miles. The Philippine government facilitated diplomatic clearance for USA assets involved in the search and rescue operation.
  • Bairstow and Woakes put England on top against India in second Test

    Bairstow and Woakes put England on top against India in second Test

    Play resumed with England, 1-0 up in a five-match series after their 31-run win at Edgbston last week, yet to bat. The Delhi-born cricketer is presently playing the second Test of India's tour of England at Lord's.
    Jamie Carragher says Philippe Coutinho could help Liverpool win the league

    Jamie Carragher says Philippe Coutinho could help Liverpool win the league

    Wolverhampton Wanderers forward Raul Jimenez has told The Sun that Liverpool were his Premier League team . I thought about it for the preseason, but now we have to be in this championship mood.
    Cutting down salt intake isn't always healthy: Lancet

    Cutting down salt intake isn't always healthy: Lancet

    An increased cardiovascular risk was only observed in communities where the average intake was greater than 5 g/day. The study was focused on 94,000 individuals between the ages of 35 and 70 who were from 18 different countries.
  • Widodo seeks nationalist, religious bona fides by picking Amin as VP

    Widodo seeks nationalist, religious bona fides by picking Amin as VP

    Ma'ruf Amin", the president told a news conference Thursday with the chairman and secretary general of the governing coalition. Changing the political leadership structure ahead of the 2019 presidential elections.
    Trump urges peace on Charlottesville rally anniversary

    Trump urges peace on Charlottesville rally anniversary

    But, he added, "The state police is fully prepared to act on any inciteful violence". Rally participants are likely to be outnumbered by passionate counter-protesters.
    Bairstow & Woakes put England in strong position at Lord’s

    Bairstow & Woakes put England in strong position at Lord’s

    But Woakes, who had scored nine previous first-class hundreds, and Jonny Bairstow (93) turned the tide during a stand of 189. Bairstow reached his half-century first, cover driving wrist-spinner Kuldeep Yadav for four, before Woakes outpaced him.

In wake of critical book, Trump calls Omarosa ‘a lowlife’ In wake of critical book, Trump calls Omarosa ‘a lowlife’ Mr Trump was sworn in using two Bibles; his own and one used at Abraham Lincoln's inauguration in 1861. But when pressed about her version in the book, Manigault Newman told to NPR: "I heard the tape".

I fear being fined if I speak out, Pogba says I fear being fined if I speak out, Pogba says It's going to be easier and it makes the team go higher. "I relish every challenge, it doesn't matter what, I love to work". I know it's a great cup, it will stay in my mind, but I want to win all the trophies.

NASA’s Parker spacecraft rockets toward sun for closest look yet NASA’s Parker spacecraft rockets toward sun for closest look yet The $1.5 billion craft will travel towards the centre of our solar system on a mission to discover more about risky solar storms. The spacecraft, which will plunge into the sun's atmosphere, known as the corona, is protected by an ultra-powerful heat shield.

New Chelsea star Jorginho has an unbelievable penalty routine New Chelsea star Jorginho has an unbelievable  penalty routine We hit the bar twice - once when we were 1-0 down after conceding a very unlucky goal from a deflection. The best capacity was to suffer, but then I think the second half maybe they were exhausted ".

Barty, Schuurs power into Montreal doubles final Barty, Schuurs power into Montreal doubles final Making the finals here is incredible. "I just went all the way also on her forehand, short, cross, long, everything". The Ukrainian even got a service break to close the gap to 5-3, but Stephens broke right back to take the set.

South Western Railway strike suspended South Western Railway strike suspended The decision has been made after many correspondences over the past 24 hours between RMT and South Western Railway . A further day of talks has also been proposed for Friday August 17.

Trump doubles tariffs on Turkish metals Trump doubles tariffs on Turkish metals Turkey has since accused Mr Trump of enforcing "economic terror" on the troubled nation. "Confidence needs to be regained". Treasury Department sanctioned Turkey's ministers of Justice and Interior because of Brunson's detainment.

Phil misses cut, fails to qualify for Ryder Cup Phil misses cut, fails to qualify for Ryder Cup Those standings will finalize the eight automatic selections following the conclusion of the PGA on Sunday night. Still, Furyk said, "it was nice to get a chance to see both guys play". "He showed a lot of poise".

Maurizio Sarri already has some 'regrets' over Chelsea's transfer window Maurizio Sarri already has some 'regrets' over Chelsea's transfer window Sarri has quite a task on his hands getting this Chelsea squad up to speed and there were concerns heading into the match. Sarri has signed Napoli midfielder Jorginho in a £57m deal and England veteran Rob Green in the summer transfer window.

Wolves break Premier League record Wolves break Premier League record Despite being down to ten men, the Blues came out of the half-time the better of the two sides and regained their lead. Jagielka took a big risk in his attempt to stop Jota bursting through on goal and ultimately it cost his team dearly.

Japan economy returns to black after first dip in two years Japan economy returns to black after first dip in two years Japan has repeatedly said it prefers multilateral trade negotiations, which puts it at loggerheads with the United States. We are quite certain there will be some sort of tariffs on Japanese cars.

Pogba gives cryptic response on United future Pogba gives cryptic response on United future He scored his first senior team goal with a lovely move around his defender and a fine finish to the far post. This was backed up by the fact Pogba was made captain for the match last night.

New season, same old story for Harry Kane, Tottenham and Newcastle New season, same old story for Harry Kane, Tottenham and Newcastle The Denmark global delivered the resulting corner for defender Davinson Sanchez to attack. Not to be outdone at the other end, Lloris stood up well to block Ayoze Perez's shot.

Local pilot reacts to stolen Horizon airplane Local pilot reacts to stolen Horizon airplane Royal King told the Seattle Times he was photographing a wedding when he saw a plane and two F-15 fighter jets trailing it. Eyewitness John Waldron told CNN he watched the plane do "a complete loop", before it went "pretty much straight up".

Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport In addition to disrupting air traffic control, the incident also caused alarm among locals, many of whom recorded the incident. One witness filmed the plane doing a large loop-the-loop, which they first thought was part of an air show rehearsal.