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Double the profits

China grabs £6billion of UK businesses as Covid pandemic bites economy.

  • Saudi Arabia’s oil-producing company, #Aramco, has announced a net income of around $47 billion US dollars for the first half of the year, double what it earned in the same period last year.
  • Chinese firms have grabbed billions of pounds worth of British businesses amid a sharp economic decline from the #Covid pandemic.
  • China's strong economic recovery is expected to fade in the months ahead, putting downward pressure on the yuan exchange rate and consequently creating headwinds for other Asian #currencies.

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