Bank of England Governor Mark Carney said the possibility of a no-deal Brexit has decreased after Boris Johnson won the general election."The worst case scenario is effectively a no-deal disorderly Brexit," Carney told reporters after the release of Financial Stability Report."The probability of that scenario has gone down because of the election results and the intention of the new government. Th...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.