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RECORD BREAKER: UK’s newest biggest single import market

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China has officially overtaken Germany to become the UK’s biggest single import market, for the first time since records began.

Goods imported from China rose 66 per cent from the start of 2018, to this quarter at $24billion dollars.

Imports from Germany fell by a quarter to in the same period.

This comes as trade with the EU was affected by Brexit and the pandemic saw demand for Chinese goods boosted.

Germany’s motor industry also felt the impact of the pandemic as both vehicle production and global exports were hit.

Imports from china that showed a jump were textiles for face masks and other protective equipment and a strong demand for electrical devices.

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1 Comment

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  1. Taylor

    May 27, 2021 at 7:34 am

    The ultimate ‘everything reminds me of him’ photo

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Money

What to expect for IPO markets

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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Elon Musk is projected to become the world’s first trillionaire

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Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

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