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26 January
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IMF Boosts World Growth Outlook as Vaccines Outweigh Uncertainty By Bloomberg

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(Bloomberg) -- The International Monetary Fund raised its forecast for global growth this year, betting the rollout of coronavirus vaccines and more fiscal stimulus will offset the immediate challenge posed by the resurgent pandemic. Global gross domestic product will soar 5.5% this year, faster than the 5.2% projected in October, the fund said Tuesday. It credited improvement in the U.S. for much of...

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26 January
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Weekly UK-EU freight volumes down 38%, truck data indicates By Reuters

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LONDON (Reuters) - Freight volumes moving between the United Kingdom and the European Union were down 38% in the third week of January compared with the same week a year ago, real-time truck movement data shows. Stockpiling, problems adapting to the post-Brexit customs border and the COVID hit to the economy have all reduced the flow of goods moving between Britain...

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26 January
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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.11% By Investing.com

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Investing.com – U.K. equities were higher at the close on Tuesday, as gains in the Automobiles & Parts, Chemicals and Healthcare Equipment & Services sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 rose 0.11%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Compass Group PLC (LON:CPG), which rose...

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26 January
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Thriving Louis Vuitton offsets drop in sales at luxury group LVMH By Reuters

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PARIS (Reuters) - French luxury goods group LVMH (PA:LVMH) reported a 3% drop in comparable sales for the fourth quarter, as a boom in revenues at its big fashion brands like Louis Vuitton offset a weak performance at its duty free shops. The coronavirus pandemic has hammered retailers, which were forced to close stores during lockdowns the world over to fight...

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26 January
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Weekly UK-EU freight volumes down 38%, Sixfold truck data shows By Reuters

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LONDON (Reuters) - Freight volumes moving between the United Kingdom and the European Union were down 38% in the third week of January compared with the same week a year ago, according to real-time truck movement data from Sixfold. Stockpiling, problems adapting to the post-Brexit customs border and the COVID hit to the economy have all reduced the flow of goods...

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26 January
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Biden’s Commerce Nominee Seeks ‘Aggressive’ Steps Against China By Bloomberg

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(Bloomberg) -- The U.S. must take “aggressive” steps to combat China’s “unfair” trade practices while also investing in American manufacturing to return production to the country, said Gina Raimondo, President Joe Biden’s nominee for Commerce secretary. “We need to ensure that American workers and manufacturers can compete fairly on the global playing field,” Raimondo,...

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