Britain might be entering a full-blown recession and a no-deal Brexit could more than double the country’s budget deficit next year, the watchdog for public finances said on Thursday. CNBC
The European Central Bank (ECB) will next week open the door to an interest rate cut for September, economists have predicted. CNBC
Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said. Reuters
Netflix has fallen far short of its own forecasts for new subscribers, raising concerns about the streaming giant just as rivals Disney and Apple are set to swoop into its market. Financial Times
The pace of companies moving production out of China is accelerating as more than 50 multinationals from Apple to Nintendo to Dell are rushing to escape the punitive tariffs placed by the U.S., according to the Nikkei Asian review. CNBC
Oil fell more than 1.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. Reuters
A 34-year veteran of Toys R Us is teaming up with a California retail tech group backed by Macy’s to resuscitate the US toy chain that collapsed into liquidation last year. Financial Times
SAP, Europe’s largest software company, blamed US-China trade tensions for disappointing second-quarter profits that sent its shares down as much as 10 per cent. Financial Times
