Railway strikes in the UK have halted services throughout July and Augst 2022.
Sony, owners and creators of the gaming sensation PlayStation, have been hit with a lawsuit with a possible £5 billion pay out.
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The UK government has once again extended its trade sanctions with Russia.
The UK underwent a record-breaking heatwave in July with another hitting the country in August.
The UK has blocked a Chinese company from purchasing intellectual property from the University of Manchester using its powers under the National Security and Investment Act.
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KPMG, one of the Big 4 accounting firms has been facing heat during the past few weeks over allegations of being negligent on the Carillion group’s accounts. The claim has been brought forward by liquidators working for the United Kingdoms (“UK”) Government, making this is the first time that such a claim has been made in this country.
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China has announced to the World that it would impose a national security law on Hong Kong. From the outset, this legislation is a threat to Hong Kong's liberties. At LawMiracle, we believe that such forceful implementation will affect the territory's attractiveness as a business and economic powerhouse.
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The cash flow of SME’S is frequently depleting due to disruptions in supply chains and sales while managing fixed recurring costs. At LawMiracle, we believe the use of digital complementary currency (CC) seems likely to be one of the few viable ways the SME’s can offset the impact of COVID-19.
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The economic activity in the United Kingdom and all over the world has declined drastically amid the global health emergency caused by coronavirus. Andrew Bailey, the Bank of England (BOE) governor, has stated that there would be a V-shaped recovery of the economy as Britain would bounce back faster than from the 2008 global financial crisis.
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The COVID-19 outbreak is affecting 210 countries and territories around the world and two international conveyances. The pandemic has resulted in a global economic shock as the world’s largest economies are divided by trade disputes. There has been a dramatic fall in global stock prices and bond yields. The disruption in the economy is likely to result in a recession, which will potentially result in a currency war between the countries.
What is happening
The decline of the retail industry is perhaps best illustrated through the fact that one in ten town centre stores are now closed across the UK. From November to December 2019, the sector saw a 0.9% fall in sales. This decline was partly driven by online sales rising by 2.6% in the same period[1]. The modern ease of connecting goods or services to clients has led to the decline of retail stores.
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