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UK economy heading for worst year since crash, say economists

Forecasting body blames growing risks of no-deal Brexit as it downgrades estimate The British economy is heading for its worst year in almost a decade amid the growing risks from no-deal Brexit, according to a leading economic forecaster. After official figures revealed zero growth in GDP in August, the EY Item Club said the economy would struggle to recover in ...

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China car sales slump ripples globally

Car sales in China fell 11.6% in September to 2.4 million – the third month in a row of year-on-year decline. The deceleration comes amid a slowdown in China’s economy and has pinched performance at vehicle manufacturers around the world.   At Ford, September sales in the country tumbled 43% compared with 2017, the US carmaker said on Friday.   ...

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Saudi faces business backlash over Khashoggi disappearance

Jamal Khashoggi entered the Saudi consulate in Istanbul last Tuesday and has not been seen since. Saudi Arabia’s Crown Prince Mohammed bin Salman is facing a backlash over the disappearance of journalist Jamal Khashoggi from business and media previously supportive of his reform drive, with partnerships at risk and big names boycotting a major conference this month.   The crown ...

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BCA ANNOUNCES 13thANNUAL AWARDS

    Serving up the spiciest Awards of the British Curry Industry this November This November, BCA Awards celebrates its 13th year of toasting the finest of the curry industry. The event will take place on November 25th at Park Plaza, Westminster Bridge. The evening will showcase the achievements of astounding restaurants and talented chefs who have mastered their culinary ...

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US shares suffer sharpest drop in months

US share markets have suffered their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422.   The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards the end of the day. Netflix fell 8%, while ...

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9th Currry Life Award and World Curry Expo held in London

  To honour the curry chefs in the UK, the 9th Curry Award was  held in Lancaster Hotel in Central London on 7th October.  Leading British MPs, top businessmen, journalists, caterers and notable community personalities attended this colorful event. Editor of Curry Life Syed Belal Ahmed and President of London Bangla Press Club Syed Nahash Pasha managed the overall event. Curry Life ...

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IMF: ‘Dangerous undercurrents’ threaten global economy

One of the most comprehensive studies of the state of banking and markets since the financial crisis warns that “dangerous undercurrents” are a rising threat to the world economy. The International Monetary Fund’s Financial Stability Report says that although banks are far safer than they were in 2008 there are new risks.   Trade tensions are growing, the IMF says, ...

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Trump tariffs make world ‘poorer and more dangerous’

The International Monetary Fund has warned a trade war between the US and China risks making the world a “poorer and more dangerous place” in its latest assessment of the global economy. The IMF has lowered its forecast for global growth this year and next.   It said that a full-blown trade war between the US and China would put ...

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German industrial production slips again in August

German industrial production slipped again in August, official data showed Monday, amid fears that a global trade war could erupt.   Production for August declined 0.3 percent from July, well under the expectation of a rebound of 0.15 percent forecasted by analysts surveyed by Factset financial services.  The fall was however less severe than in July when industrial production dropped ...

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Tsukiji: Japan’s famed fish market to relocate

Tokyo’s world-famous Tsukiji fish market has held its final pre-dawn tuna auction before being relocated to a new site. The world’s largest fish market, which has been in operation for 83 years, is being moved as part of the redevelopment for the 2020 Olympic Games.   The famed tuna auctions are a popular tourist attraction in the Japanese capital.   ...

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