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Recession threat recedes as Britain posts solid growth

Bloomberg The UK economy grew at its fastest pace in six months in July, an unexpectedly strong performance that will allay fears Britain is facing a possible pre-Brexit recession. The economy recorded growth across the board, with the dominant services sector enjoying its best month this year. All else being equal, it will expand 0.4 percent in the third quarter ...

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Google may ‘stonewall’ antitrust probes, state AGs are warned

Bloomberg Republican Senator Josh Hawley warned state attorneys general (AG) expected to announce an antitrust probe of Alphabet Inc’s Google on Monday that they should expect formidable defensive tactics, no matter how cooperative the company has promised to be. “They will probably stall, stonewall, deflect, deny, threaten,” Hawley, a Missouri freshman who investigated the company when serving as his state’s ...

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German trade surplus widens as exports rise

Bloomberg Germany posted its biggest trade surplus in four months as exports showed a surprise gain. The foreign trade balance stood at 21.4 billion euros ($23.6 billion) in July, up from 16.6 billion euros the previous month, according to the Federal Statistics Office. Shipments abroad rose 0.7 percent from June, defying economist estimates for a decline. The data provide some ...

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