The UK Chancellor of the Exchequer will present his Budget to Parliament on Wednesday, headlining a light day for the European economic news. The new chancellor Rishi Sunak is likely to provide additional funds to the NHS and households amidst the spread of coronavirus. In the budget, the government is set to double spending on flood defence to GBP 5.2 billion from GBP 2.6 billion. The Chancellor ...
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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.