New Delhi: Two of the world’s leading economies – Japan and the UK – recently entered into recession, highlighting the financial struggles that countries have been facing after the Covid pandemic. Britain recently revealed a 0.3 percent contraction in the fourth quarter of 2023 and has officially entered a recession. This economic setback poses a...
Category: Bussiness
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UK enters recession after steeper-than-expected fall in GDP
The UK economy has officially entered recession, figures show. A recession is defined as two consecutive three-month periods where the economy contracts rather than grows. A major measure of economic growth, gross domestic product (GDP) shrank 0.3% between October and December, the latest Office for National Statistics (ONS) data shows. It’s a steeper-than-expected fall, as...
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Premier League faces fresh legal battle over rule changes
The Premier League is facing a fresh battle over changes to rules governing commercial deals between related parties after it was warned by a club that the proposals were unlawful. Sky News has learnt that the 20 top-flight clubs, which include Arsenal, Brentford, Chelsea and Manchester United, were notified on Thursday that one of them...