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UK economy shrank unexpectedly in May in blow to chancellor

NAMPA / DPA
2025-07-11
London (PA Media/dpa) - The UK economy contracted unexpectedly in May, marking the second month in a row of falling output and heaping further pressure on Chancellor of the Exchequer Rachel Reeves. The Office for National Statistics (ONS) said gross domestic product (GDP) contracted by 0.1% in May, following a 0.3% drop in April. Most economists had expected the economy to rebound with slight growth of 0.1% in May. The economy could now be headin......
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Economy

German chemicals giant BASF lowers profit forecast
2025-07-11 20:31:04
European stocks close weak as trade war fears hurt sentiment
2025-07-11 20:01:14
German chemicals giant BASF lowers profit forecast
2025-07-11 19:31:05
VW and Chinese partner SAIC end production at Nanjing plant
2025-07-11 17:32:33
VW and Chinese partner SAIC end production at Nanjing plant
2025-07-11 17:32:22
Business leaders invited to round table with Germany's Merz in Berlin
2025-07-11 15:32:30
US carmaker Ford agrees deal with unions to cut jobs at German plants
2025-07-11 15:02:24
US carmaker Ford agrees deal with unions to cut jobs at German plants
2025-07-11 15:02:22
1ST LEAD
2025-07-11 14:02:02
June was tough month for UK retailers due to heat and thunderstorms
2025-07-11 14:01:54
1ST LEAD
2025-07-11 12:33:19

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SWAKOPMUND, 09 July 2025 - T12 female sprinter, Ndapewa iipinge and guide Filipus Kotokeni while in action dureing the final of the 100 metres race and the Veneta Stadium during the African Union Sport Council (AUSC) Region Five Youth Games in Swakopmund. (Photo by: Hesron Kapanga) NAMPA

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