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UK economy beats forecasts in February but Trump tariffs threaten future growth
February's month-on-month GDP growth of 0.5% beats all forecastsLittle reaction from sterling, UK braced for Trump tariff impactJanuary revised up from small contraction to zero growthUK trade deficit lowest since July 2021 as exports to US riseBy David Milliken and Suban AbdullaLONDON, April 11...Reuters
Fri, Apr 11
Tariffs to have 'catastrophic impact' on developing countries, worse than foreign aid cuts, says UN trade agency
GENEVA, April 11 (Reuters) - "Reciprocal tariffs" and countermeasures could have a catastrophic impact, even worse than foreign aid cuts, on developing countries, the director of the United Nation's trade agency told Reuters on Friday. Global trade could shrink by 3-7% and global GDP by ...Reuters
Fri, Apr 11
If talks with US do not work, EU ready to respond, German finmin says
BERLIN, April 11 (Reuters) - The United States must know that if negotiations with the European Union do not work, the bloc will be ready to respond, German Finance Minister Joerg Kukies said on Friday. "The U.S. side has to be aware that if negotiations do not work, then we will have another...Reuters
Fri, Apr 11
Stellantis' first-quarter shipments fall 9% to 1.2 million vehicles
MILAN, April 11 (Reuters) - Stellantis' STLAM.MI global shipments fell 9% year-on-year in the first quarter to an estimated 1.2 million vehicles, it said on Friday, after a 12% drop in 2024.The world's fourth-largest automaker said the first-quarter drop primarily reflected lower North Ameri...Reuters
Fri, Apr 11
EXCLUSIVE-Shein gains UK approval for London IPO, awaits China nod, sources say
Shein gets UK regulator approval for London IPO - sourcesStill awaits green light from Chinese regulator -sourceMarket turmoil, 'de minimis' suspension may delay IPO timeline, complicate valuationBy Julie Zhu and Helen Reid HONG KONG/LONDON, April 11 (Reuters) - Online fast-fashion retail...Reuters
Fri, Apr 11
UK GDP rebounds 0.5% MoM in February vs. 0.1% expected
The UK economy expanded in February, with the Gross Domestic Product (GDP) rebounding 0.5% after recording no growth in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market forecast was for a 0.1% growth in the reported period.
Fxstreet
Fri, Apr 11
UK economy grows 0.5% in February, official figures show
LONDON, April 11 (Reuters) - Britain's economy grew at a monthly pace of 0.5% in February, figures from the Office for National Statistics showed on Friday, well above economists' expectations in a Reuters poll for an expansion of 0.1%.Britain's economy grew by a lacklustre 1.1% last yea...Reuters
Fri, Apr 11
German inflation confirmed at 2.3% in March
BERLIN, April 11 (Reuters) - German inflation eased to 2.3% in March, the federal statistics office said on Friday, confirming preliminary data.German consumer prices, harmonised to compare with other European Union countries, had risen by 2.6% year-on-year in February.Reuters
Fri, Apr 11
