Across europe heavily struggling with the impact of the coronal irish coronavirus pandemic the economy in germany for example shrank by 10 percent france by 14 and spain by more than 80 but no contraction was as bad as the one in britain where the economy tanked by 20. 4 percent in recent months. Barras johnson visited a building site this week a trip and of boosting confidence in his countrys flagging construction sector. But theres no plastering over the cracks of the u. K. s battered economy. Figures released on monday showed that british g. D. P. Collapsed by a massive 20. 4 percent between the 1st and 2nd quarters of 2020. That is the worst of europes Major Economies a substantially more damaging drop than that suffered by germany and countries like italy france and spain. Those figures are from the time when britain was in a very strict phase of lock down. The economy has since reopened and there have been signs of a modest recovery the hope johnson is clinging to. Obviously we d
Sluggish, not just for the foreseeable future but through the holidays. Guy we are watching what is with the pound. The pound is not reacting to mr. Macrons with the pound. Statements. It is more about earnings than anything else. 7 , the dollar is down. 7 on news of that brief truce in syria. Union the european looking for titfortat tariffs with the u. S. Over dispute about illegal aid to aircraft manufacturers. 7. 5 billion worth of e. U. Goods ranging from planes and lots more. He is coming to us from washington, d. C. , where he is attending the world bank meetings. Today is the latest round in tariffs ongoing throughout the world. We also have data out of china suggesting tariffs are impacting growth. What is your outlook for how things progress in the next quarter . Mark i think investors around the world and certainly here at the meeting are focused on this trade issue. We are seeing the tariffs come through into slower Economic Growth. In our global strategy, we are looking mor
Before the meeting. We will see what happens. Rosalind protesters keep pushing for concessions in hong kong. The u. K. Parliament takes a stand against a nodeal brexit. Parliament saying clearly we will not take kindly if you try and bypass us. Rosalind ibm and red hat seal one of the biggest tech deals ever. We will help extend their reach into 175 countries. Rosalind close Henry Mcveigh says recession may be coming, but investors should not fear the worst. If i were to quote shakespeare, it is sound and fury signifying nothing. Rosalind it is all straight ahead on bloomberg best. Hello and welcome. I am rosalind chin, and this is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche ba
Rosalind protesters keep pushing for concessions in hong kong. The u. K. Parliament takes a stand against a nodeal brexit. Parliament saying clearly we will not take kindly if you try and bypass us. Rosalind ibm and red hat seal one of the biggest tech deals ever. We will help extend their reach into 175 countries. Rosalind plus, kkrs henry mcvey says recession may be coming, but investors should not fear the worst. If i were to quote shakespeare, it is sound and fury signifying nothing. Rosalind it is all straight ahead on bloomberg best. Hello and welcome. I am rosalind chin, and this is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a daybyday look at the top headlines. Deutsche bank announced a dramatic overhaul of its Global Operations in the struggling lenders latest attempt at a turnaround. David a banking bombshell. Deutsche bank announced a fundamental change in its bu
Each others markets a landmark deal called shanghai london stock connects and what it means is charlottes that companies can trade on the London Stock Exchange while british stocks can be sold in shanghai is not just convenient for investors chinese regulators see it as a step towards opening their markets to Foreign Investment while britain says its a way to boost london status as a Financial Hub ahead of brakes and. The founder of huawei has compared the company to a badly damaged airplane while announcing plans to slash production ranjan expects war weighs Global Smartphone sales to be down 40 percent this year as a result of u. S. Attempts to isolate the company internationally but he insists weiwei will recover. Well way is waking up to the damage of its blacklisting by the white house during a Panel Discussion of the companys shenzhen headquarters wrenching fail laid out the impact in numbers. Show on the way that to be in the next 2 years i think we will reduce sac capability as