Bloomberg The scale of Boris Johnson’s challenge to revive the UK economy was laid bare on Wednesday as house prices posted their first annual decline since 2012 and firms reported a record slump in sales. The prime minister has unveiled part of his plan for boosting the UK’s recovery, reconfirming his commitment to long-term investment in some of the country’s ...

Bloomberg German unemployment surged in June as one of country’s leading economic research institutes warned of a slower-than-expected economic recovery from the coronavirus pandemic. Another sharp gain last month has taken the number of job losses in the second quarter to 678,000 and the total to just below 3 million, a threshold not broken since 2011. Yet more redundancies were ...

Bloomberg Hedge funds that bought credit insurance on Wirecard AG debt are among those in line for a windfall of as much as $212 million after the disgraced German payments company filed for insolvency last week. A committee of traders ruled that Wirecard has gone through a so-called bankruptcy credit event, triggering payouts to holders of credit-default swaps. These contracts ...