Surging Truck Sales Boost China's Auto Sector Revival in June as Economy Upshifts

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Surging Truck Sales Boost China's Auto Sector Revival in June as Economy Upshifts

BEIJING/SHANGHAI — Auto sales in China rose 11.6% in June from a year earlier to 2.3 million units, driven largely by strong demand for trucks and other commercial vehicles as Beijing ramps up infrastructure spending to revive the economy. In a further …
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Thousands cancel Gym Group memberships in lockdown

One of the UK’s biggest gym companies has said it lost about a fifth of its members during lockdown, despite halting membership payments. The Gym Group said it had lost 178,000 customers over the past three months. The company set out its plans to …
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Rupee skids 21 paise to end at 75.20 against US dollar

The Indian rupee weakened by 21 paise to close at 75.20 against the US dollar on Friday, tracking lower equities as investors seemed moving away from riskier assets amid worries over mounting Covid-19 cases. Further, the stronger US dollar against key …
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Italy's rebound pulls European stocks out of loss, virus concerns remain

(Reuters) – Italian stocks pulled Europe out of early losses on Friday as data pointed to a strong rebound in May industrial output, but a spike in coronavirus cases globally continued to weigh on investor sentiment. FILE PHOTO: The German share price index …
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UK economy to slump over 10%, debts to surge: Moody's

LONDON (Reuters) – Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody’s warned on Friday, while its debts as a share of GDP will surge by 24 percentage points. Moody’s said the UK …
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