England

UK's lagging economy lost more speed in September, worse ahead

LONDON (Reuters) - Britain’s economy grew by a slower than expected 1.1% in September from August, lagging other rich nations as it struggled to recover from the shock of the pandemic even before the latest COVID-19 lockdown.

The slowdown in Thursday’s official data cemented expectations that the economy will shrink again as 2020 ends, with uncertainty about the Dec. 31 deadline for a post-Brexit European Union trade deal adding to the coronavirus drag.

UK Records Highest Daily COVID-19 Deaths Since Mid-May

LONDON, Nov 11 (NNN-AGENCIES) – Another 532 people died in Britain, marking the highest daily COVID-19 death toll since mid-May. The new deaths bring the total fatalities in Britain to 49,770, figures showed.

Another 20,412 people tested positive for COVID-19, bringing the total number of cases in the country to 1,233,775, the data showed.

Brexit Britain faces 5 to 10 year COVID recovery, Sorrell says

LONDON (Reuters) - Britain could take five to 10 years to properly recover from the pandemic because the COVID-19 financial hit will sap the economy of the firepower it needs to rebuild for Brexit, advertising supremo Martin Sorrell said on Monday.

Britain has recorded the worst death toll in Europe and the deepest economic contraction of any leading G7 nation from the coronavirus, forcing it to pump more than 200 billion pounds ($263 billion) into the economy to keep it afloat.

U.N. envoy Carney backs annual investor votes on company climate plans

LONDON (Reuters) - U.N. envoy Mark Carney backed a push to make companies give investors an annual vote on their climate change strategies, saying on Monday that might prove more effective than “overly prescriptive” regulation.

Carney, who took a U.N. climate finance role after stepping down as Bank of England governor in March, said investors could have an automatic advisory vote on a company’s plans to cut greenhouse emissions, in the same way they have a say on pay.

UK: Oil rises as Biden wins, OPEC+ signals deal can be tweaked

LONDON (Reuters) - Oil rose on Monday, with Brent topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, and the Saudi oil minister said an OPEC+ deal on output cuts could be adjusted to offset rising supply and weak demand.

Brent crude had climbed $1.28 cents, or 3.2%, to $40.73 a barrel by 1116 GMT, and U.S. West Texas Intermediate crude was at $38.40, up $1.26 cents, or 3.4%.

UK’s Johnson, praised by Trump, seeks new UK bond with Biden

LONDON (AP) — Boris Johnson’s famous charm worked wonders on Donald Trump, but he faces a tougher audience in Joe Biden.

Britain’s prime minister promised Sunday to work with the U.S. president-elect to spread democracy, defend human rights and combat climate change, as he sought to woo a leader who sees the world very differently to the outgoing American leader.

Global uncertainty could risk World War Three - UK military chief

LONDON (Reuters) - Current global uncertainty and anxiety amid the economic crisis caused by the coronavirus pandemic could risk another world war, the head of Britain’s armed forces has warned.

In an interview aired to coincide with Remembrance Sunday, the annual commemorations for those who have been killed and wounded in conflict, Nick Carter, Britain’s Chief of the Defence Staff, said an escalation in regional tensions and errors of judgement could ultimately lead to widespread conflict.

OPEC would miss 'friend Trump', wary of strains under Biden, sources say

LONDON/DUBAI (Reuters) - Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.

Biden could modify U.S. diplomatic relations with three members of OPEC - de facto leader Saudi Arabia, and sanctioned countries Iran and Venezuela, as well as with key non-OPEC producer Russia. Russia is the leader of oil producers allied with OPEC, a group known as OPEC+.

UK, EU to resume trade talks in London Monday as "significant differences" remain

LONDON, Nov. 7 (Xinhua) -- Negotiators from British and the European Union (EU) will resume talks on a post-Brexit trade deal in London on Monday as "significant differences" remain between the two sides, a Downing Street statement said Saturday.

The statement came after a call between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on Saturday "for a stock take on the progress in the negotiations".

UK: Queen Elizabeth II wears mask at tribute to Unknown Warrior

LONDON (AP) — Queen Elizabeth II donned a face mask in public for the first time during the coronavirus pandemic when attending a brief ceremony at Westminster Abbey last week to mark the centenary of the burial of the Unknown Warrior.

While the 94-year-old monarch has been seen in public on several occasions over the past few months, she had not been pictured wearing a face covering until now.

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