Economy Industry News
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What is GDP and how fast is the UK economy growing?
Investment in artificial intelligence (AI) helped to drive a surprise boost in the UK economy in July, according to official figures. Economic growth matters because it affects things like pay increases for workers and the amount of tax the…
UK economy unexpectedly grew by 0.4% in July
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The UK economy unexpectedly grew by 0.4% in July…
UK economy grew faster than expected in July
The UK's economy grew faster than expected in July partly helped by businesses using artificial intelligence (AI). The economy expanded by 0.4%, the Office for National Statistics (ONS) said, whereas economists had predicted no growth. The…
UK economy grew faster than expected in July
The UK's economy grew faster than expected in July, latest official figures have shown. The economy expanded by 0.4% in the month, the Office for National Statistics (ONS) said, whereas economists had predicted no growth. The expansion was helped…
UK economy defies forecasts with surprise 0.4% growth in July
The UK economy grew in July as the rapid growth of AI appeared to outweigh the economic damage from the Iran war, in a welcome boost for John Healey before next month's budget. Figures from the Office for National Statistics (ONS) showed a surprise…
UK economy unexpectedly grew by 0.4% in July
The UK economy unexpectedly grew by 0.4% in July following a boost from the services industry and businesses increasing the use of AI, official figures show. The Office for National Statistics (ONS) released the latest gross domestic product (GDP)…
Macroscope | Why the global economy and markets continue to defy doomsayers
There is no shortage of reasons to worry about the outlook for the global economy and markets. On September 9, Brent crude, the international oil benchmark, surpassed US$100 a barrel in response to the intensification of hostilities in the Middle…
UK Economy Unexpectedly Grows With Boost From AI
This article is for subscribers only. Morning, I'm Louise Moon from Bloomberg UK's breaking news team, bringing you up to speed on today's top business stories. The latest economic data is showing signs that artificial intelligence is starting to…
UK economy unexpectedly grows 0.4% in boost for Burnham
Increased use of AI helped the UK economy grow by 0.4 per cent in July, official figures show, in an unexpected boost for Andy Burnham. The Office for National Statistics (ONS) released the latest gross domestic product (GDP) data, which was up…
Spotlight on Economic Growth: Rethinking Prosperity
Subscribe to our newsletters View all newsletters Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via…
UK economic growth set to peter out as consumers swap shops for pubs
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. UK economic growth is set to have ground to a halt in…
Bond markets exact the revenge of rational economics
It's easy to blame Donald Trump for the bond market volatility that has hit global equities, including Australia's S&P/ASX 200 Index, which closed down almost 3 per cent for the week on Friday. And it's not like Trump bears no responsibility for…
There's a Huge Economic Problem With Tesla's Cybercabs
Tesla's flashy unveiling of its Cybercab robotaxi in 2024 left some glaring questions unanswered. The sleek, gold-colored coupé impressed with a futuristic design, but baffled onlookers with its cramped two-seat interior, lack of a charging…
Digital Finance Needs A New Kind Of Identity For AI-Driven Economies
Alex Ford, CRO, Encompass. Alex drives global business growth, working with customers and industry partners to transform KYC with CDI. Sibos 2026, held in Miami from September 28 to October 1, is Swift's flagship conference and opens with a…
An AI stock market crash would spark a US recession and hammer the world economy, Fitch warns
The bursting of the AI bubble would open Pandora's box for the US and world economy, one of America's top credit-rating agencies is warning. Fitch Ratings flagged the risk of cascading economic damage if AI stocks were to see a sharp correction. In…
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