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UK deficit hits US$323bil with economy facing recession
LONDON: UK government borrowing climbed to a record £240.9bil (US$323bil) in the first eight months of the fiscal year, reflecting the damage inflicted on an economy now at risk of falling back into recession.
Britain, EU tell each other to give way in 'difficult' trade talks
LONDON/BRUSSELS: Britain insisted on Sunday that the European Union should shift position to open the way to a post-Brexit trade pact, drawing a swift response from the bloc's negotiator defending the union's right to protect its interests.
Auto sales to rev up from Q2
PETALING JAYA: Positive consumer sentiment on the back of better economic growth is expected to spur car sales in 2021. Vehicle sales growth is also anticipated to remain steady even if the sales tax exemption that ends this month is not extended, say analysts
Britain, EU strike pessimistic tone in post-Brexit trade talks
LONDON/BRUSSELS: Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was "very likely" there would be no agreement unless the bloc changed its position "substantially".
MR DIY’s earnings to rise on outlet expansion
PETALING JAYA: MR DIY Group Bhd’s core net profit is forecast to grow by a three-year compounded annual growth rate (CAGR) of 25% to RM616mil in the financial year 2022 (FY22).
Digital twin and BIM in the global water and building industries
USING digital twin technology that creates virtual replicas or simulations of water utilities can result in up to 30% energy cost and carbon savings, and increased productivity with reduced maintenance.
Risks to UK economy as Brexit deadline approaches
LONDON: With the UK economy suffering more from the coronavirus than most advanced nations, the stakes couldn’t be higher as Brexit trade negotiations enter their endgame.
Manufacturers look to Industry 4.0 to restore ops post-Covid
PETALING JAYA: Manufacturers are looking to Industry 4.0 technologies to restore their operations as they ride out the current pandemic and build their capabilities to deal with future crises.