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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