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JP Morgan boss Jamie Dimon sounds warning on US stock market fall
Simon JackBusiness editor and Michael Sheils McNamee Watch: ‘I’m more worried than others about stock market fall’, says JP Morgan boss There is a higher risk of a serious fall in US stocks than is currently being reflected in the market, the head of JP Morgan has told the BBC. Jamie Dimon, who leads America’s…
China economic growth falls sharply, missing target
China’s economic growth slowed sharply between the start of April and end of June as weak demand domestically and the impact of the Iran war on oil prices overshadowed the country’s strong exports. Official gross domestic product (GDP) figures showed that the world’s second largest economy grew in the second quarter of the year by…
Furlough not perfect but prevented mass unemployment, Sunak says
Michael RaceBusiness reporter PA Media Rishi Sunak has said not all jobs could be saved during the Covid-19 pandemic, but the government was able to prevent mass unemployment. The former prime minister, who was chancellor at the time, said it “wasn’t going to be possible to save every person’s job”. But he said the government…
Trump wants Venezuelas oil. Will his plan work?
Archie Mitchell,Business reporterand Natalie Sherman,Business reporter Reuters Donald Trump has vowed to tap into Venezuela’s oil reserves after seizing President Nicolás Maduro and saying the US will “run” the country until a ‘safe’ transition. The US president wants American oil firms to pile billions of dollars into the South American country, which has the largest…
