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World

UK's Lloyds Banking Group reports big loss due to COVID-19 pandemic

LONDON, July 30 (Xinhua) -- The Lloyds Banking Group, a major British financial institution, reported on Thursday a pre-tax loss of 602 million pounds (782 million U.S. dollars) for the first half of 2020 year-on-year, as the coronavirus pandemic has been battering the country's economy.

Advertising & Media

US advertising market faces longer road to recovery

NEW YORK: Not so long ago, advertising executives were banking on the start of an industry recovery as early as the third quarter after the global coronavirus pandemic decimated marketing budgets this year.

World

UK manufacturing sees record slump amid coronavirus pandemic

LONDON, July 23 (Xinhua) -- British manufacturers activity saw a record fall in the three months to July due to significant impact caused by the coronavirus pandemic, said an industry report Thursday.