U.K. Companies Tested by Fallout From Ukraine War

  • 📰 WSJ
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

European companies, particularly those in the UK, are suffering amid the economic war of attrition between the West and Russia playing out alongside the real war in Ukraine

‘We’re in incredibly tough times,’ says John Kelly, founder of the Kirkstall Brewery in Leeds, England.LEEDS, England—Europe has been

, putting its companies on the front line of what has become a war of economic attrition between the West and Russia that is playing out alongside the real war in Ukraine.is running in the double digits, higher than all of its Group of Seven industrialized peers with the exception of Italy; gross domestic product shrank 0.2% in the third quarter year-over-year, setting the U.K. on course for a likely recession. Other big economies like Germany and France are increasingly looking like

. The British economy is widely forecast to shrink in 2023, faring worse than every G-20 economy except Russia, the Organization for Economic Cooperation and Development says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thanks to backstabbing Liz Truss and her Trussonomics, now UK's economy is officially dead!!

Ukraine must be made to negotiate.

We're not doing so well in the States either but we ALL must sacrifice for freedom just as our ancestors did for WW2 and I lost an uncle fighting similar Nazis in that one

'Particularly in the UK'? Have a look at producer price inflation in UK compared to the EU

Europe, Asia and the Americas can most definitely thrive without any resources from Russia. It’s Russia that will suffer, not the other way around.

WHO else could abuse it's financial and economic influence and power, removing them from SWIFT, to serve their private interests and private vendettas, screwing business for EVERYONE else in the process?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Norwegian companies submit record $20.5 billion fossil fuel investment plans amid Russia-Ukraine warLast month, Europe supported a call by India to phase down fossil fuel use as part of a COP27 deal. Now, partially due to the Russian-Ukrainian war, it seems to be changing its mind. Find out more at 🚀 engineering interestingengineering I know fusion is in the news, but it will take decades and will also created radioactive waste. We need research on Thorium. What the fuck they should do at the current moment? U want people to die of winter, I'm not talking about politics But right now people dying or saving planets is the old debate of right or woke! Beats freezing to death, though.
Source: IntEngineering - 🏆 287. / 63 Read more »