Britain notches .2% January GDP development following dipping into technical economic downturn

Britain notches .2% January GDP development following dipping into technical economic downturn


People wander alongside Waterloo Bridge past the Metropolis of London skyline, the capital’s financial district, on a sunny and delicate working day.

Sopa Images | Lightrocket | Getty Pictures

U.K. gross domestic item grew .2% in January, the Place of work for Countrywide Statistics mentioned Wednesday, coming in line with anticipations.

It follows a drop of .1% in December.

The U.K. economic climate entered a complex recession in the last quarter of past 12 months.

This is a breaking information story. Make sure you check back again for updates.



Supply

Hims & Hers falls 8% after Novo’s legal threat. Here’s the latest
World

Hims & Hers falls 8% after Novo’s legal threat. Here’s the latest

Rafael Henrique | SOPA Images | AP The stock of Hims & Hers dropped in premarket trading early Friday after a legal threat from Novo Nordisk. The online teleheath company announced on Thursday plans to launch a cheaper, copycat version of Novo’s weight loss pill, prompting Novo to take legal action. Hims stock spiked as […]

Read More
Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles
World

Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles

Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively. The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific […]

Read More
Anduril founder says U.S. can spend billions less on defense: ‘We spend too much money on the wrong thing’
World

Anduril founder says U.S. can spend billions less on defense: ‘We spend too much money on the wrong thing’

Defense spending has been the talk of Singapore’s Airshow this week but that’s not an accurate way to measure military strength, Palmer Luckey, founder of defense tech firm Anduril Industries, said on CNBC’s “Squawk Box Asia” Wednesday. That comes after U.S. President Donald Trump in January expressed interest in raising the U.S military budget to […]

Read More