English economy

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UK economic slump worsens

Britain’s economy sank far deeper into recession than expected in the second quarter of the year. GDP fell 0.7 percent compared with the first


UK inflation dips

Inflation in Britain edged down in February to the lowest level in over a year. It was at an annual rate of 3.4 percent from January’s 3.6 percent


China buys into Thames Water

China’s sovereign wealth fund has bought a minority stake in London water supplier Thames Water. China Investment Corporation said it had bought


London to boost yuan trade

Britain is teaming up with Hong Kong to secure London a top spot as an offshore trading centre for the Chinese currency the yuan. The move is part