World Bulletin / News Desk
Optimism among UK businesses slumped to a 20-year low last month, according to a survey by accountancy group BDO.
BDO's Optimism Index, which measures business performance expectations two quarters ahead, fell to 89.1 in August from 93.1 in July, the sixth consecutive month showing a drop, BDO said in a statement. Figures above 95 indicate a return to growth.
Meanwhile, BDO's Output Index, which measures short-term turnover expectations, fell to 90.8 in August, its lowest level in 40 months, from 93.9 in July.
The survey comes as Britain's economy, facing headwinds from the euro zone debt crisis and the government's tough austerity plans, struggles to emerge from the recession it slipped back into late last year.
Data on Friday showed British industrial output grew at its fastest pace in 25 years in July, while the National Institute of Economic Research said Britain's economy grew in the three months through August.
"The government's efforts to cut current spending may not be working out quite as planned, though we believe that the strategy in essence remains correct," said BDO partner Peter Hemington.
"But we have long been concerned that the cuts to investment spending were too drastic and that steps to redress this have been taken too slowly. We welcome positive signs that the government now wishes to boost its investment in UK infrastructure."
The ban came a day after the European Union and United States imposed their first sanctions aimed at hitting broad sectors of the Russian economy
Russia called new U.S. sanctions "destructive and short-sighted"
While the default will obviously hurt the economy, it will not be as severe as in 2001, economists say
The Czechs, who supported the action, have been against sweeping sanctions, worried about trade relations with Russia
The trade program has been criticized for disproportionately benefiting certain industries and a handful of countries, including Nigeria, South Africa and Angola.
The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo.
The uncertainty comes at a bad time for the 18 countries in the euro zone, whose economy is already in the doldrums.
"Kalashnikov regrets that consumers are faced with such a problem," said spokeswoman Yekaterina Boni.
Cairo and Khartoum had earlier accepted a proposal by Addis Ababa to hold the talks in Sudan in the third week of August.
Discounting the bulk of Japan's 48 reactors due to their long-term outage, the report said the number of operating units in the world has fallen to 388, 50 less than the peak in 2002.
Over 200,000 NUMSA-affiliated metalworkers declared a nationwide strike on July 1 to demand a 15-percent pay raise for laborers and a ban on labor brokers
The council said in a statement that any trade in oil ISIL or Nusra Front, would violate United Nations sanctions as both groups have been blacklisted.
The project is being implemented in collaboration with the Ethiopian and Norwegian governments at a cost of over $2.8 million.
Kerry will be heading the U.S. team at the annual Strategic Dialogue with India on Thursday, and will be accompanied by U.S. Commerce Secretary Penny Pritzker.
A total of $610.6 million has been allocated for the implementation of the Ethiopian part of the project, with the funds coming from the Ethiopian government, international financial institutions and donor organizations.
Cukurova Holding to pay back $1.57 billion loan to rival shareholder Alfa by August 1, or face losing control of mobile phone operator