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On Monday, Prime Minister Theresa May officially announced up to 4 billion pounds of spending on research and development as well as regional growth strategies, setting out ambitious plans to help the UK economy to surge after Brexit.
Amid severe international competition, the UK is considering carving out a fresh global role as a potential leader in so-called "industries of the future," including artificial intelligence and also driverless vehicles after it exits the EU in March 2019.
Badly affected by a botched snap election as well as with Brexit negotiations running behind schedule, May is about to stir up some economic upbeat mood just to help her poor minority government through the country’s most uncertain period since WWII.
The key challenge of Wednesday's budget will be improving the country’s persistently low productivity, lagging international rivals and considered to be as a key limiting factor on economic surge.
Active lending to companies, soaring consumer spending along with the improving labor market – all of this indicate that the US economy will keep surging, with the only negative factor being the risk of a trade conflict, as the Federal Reserve informed…
Geopolitical tensions seem to weaken…
In March, consumer prices in the United Kingdom tacked on just 0…
On Monday, the euro drifted away from peaks reached in the Asian session because market participants took profits from its revenues after centrist Emmanuel Macron's win over the far-right Marine Le Pen in France's presidential election…
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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