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The British economy suffered a record collapse in the second quarter

A woman in a protective mask awaits customers at a souvenir shop in Southbank, a cultural center in London, as the city encourages domestic tourism after the global Coronavirus blockade drastically reduced international tourism in London, England, on the 10th. August 2020. Dominika Zarzycka / Zuma Press The British economy collapsed in the second quarter to record the worst showing …

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Trump’s WeChat Assault Endangers Ten Million Dollar to Ten Million Dollar Rally

(Bloomberg) – Donald Trump’s WeChat ban is aimed at a famous Chinese innovation at the heart of the world’s largest mobile gaming and social media empire, and threatens one of the most attractive demonstrations of 2020. It’s hard to overstate the importance of WeChat for Tencent Holdings Ltd. It’s the medium by which Tencent introduces a billion people to games …

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The UK recession is the worst of any major economy

This fall in GDP in the period from April to June is the worst, as quarterly records began in 1955 and contracted by 2.2% in the first quarter. Industries most exposed to government blockade measures to contain the coronavirus pandemic (services, production and construction) recorded record falls. “Today’s figures confirm that hard times are here,” UK Finance Minister Rishi Sunak …

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BREAKING: UK enters biggest recession in history – Sky News

BREAKING: UK enters the biggest recession in Sky News history UK enters recession after GDP records 20.4% on second-quarter CNBC The UK is crashing into the deepest recession of any major CNN economy UK officially in recession for the first time in 11 years BBC News The UK is in an official COVID-19 recession after GDP fell 20.4% in Q2 …

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Has the oil market finally turned a corner?

August has been historically brutal for oil and gas stocks. According to data from Schaeffer Research, the energy sector has performed lower than in August, with negative returns in the last ten years. Oil field service companies have been among the biggest culprits Baker Hughes (NYSE: BKR), Schlumberger NV (NYSE: SLB) i Haliburton Co (NYSE: HAL), which is among the …

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Asian stocks are falling as doubts about U.S. stimulus rise

TOKYO / BOSTON (Reuters) – Asian stocks fell on Wednesday in growing uncertainty over whether U.S. lawmakers would agree to an additional round of major fiscal stimulus to support an economy still struggling with the coronavirus pandemic. PHOTOGRAPH: A man wearing a face mask is seen in the Shanghai Stock Exchange building as the country is hit by a new …

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TikTok used a vacuum to collect MAC addresses on Android

Earlier this month, President Trump announced that the United States would “close” TikTok on September 15 unless it was acquired. Concerns about privacy and data security have always opened up the app and a new report reveals a particular loophole that TikTok exploited on Android to collect MAC addresses. He Wall Street Journal Today he detailed how TikTok for Android …

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British GDP fell 20.4% in second quarter

A bulletin board showing official advice and coronavirus testing from the UK government. Mike Kemp | A PIructures via Getty Images The British economy contracted by 20.4% in the second quarter of 2020, compared to the previous three months, as blockages caused by the coronavirus slowed activity, according to preliminary data released on Wednesday. GDP (gross domestic product) expanded by …

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