British economy slows down sharply amid acute Brexit unease

Brexit day is March 29, 2019. (File/AFP)
Updated 11 February 2019
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British economy slows down sharply amid acute Brexit unease

  • Over 2018 as a whole, the British economy grew by 1.4 percent, its lowest rate since 2009
  • The British economy has largely held up better than many people expected

LONDON: Official figures show that the British economy slowed sharply in the last three months of 2018 as uncertainties over Brexit intensified.
The Office for National Statistics said Monday that the British economy grew by a quarterly rate of only 0.2 percent during the fourth quarter, down from the 0.6 percent tick recorded in the previous three-month period.
Over 2018 as a whole, the British economy grew by 1.4 percent, its lowest rate since 2009 and the aftermath of the global financial crisis.
The British economy has largely held up better than many people expected in the immediate aftermath of the country’s vote to leave the European Union in June 2016.
However, there’s mounting evidence that as Brexit day draws nearer — March 29 — firms are getting increasingly edgy.


Air France to keep flying to Cairo

Updated 21 July 2019
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Air France to keep flying to Cairo

  • British Airways, a unit of IAG said on Saturday it was suspending flights to Cairo for seven days “as a precaution”
  • Germany’s Lufthansa later said it had canceled its flights to Cairo from Munich and Frankfurt and would resume its connection on Sunday

PARIS: Air France is maintaining its flights to Cairo, a spokesman for the airline said on Sunday, following the decision by rivals British Airways and Lufthansa to suspend flights to Egypt’s capital over security concerns.
British Airways, a unit of IAG said on Saturday it was suspending flights to Cairo for seven days “as a precaution” as it reviews the security of the airport in Cairo.
Germany’s Lufthansa later said it had canceled its flights to Cairo from Munich and Frankfurt and would resume its connection on Sunday.
“In liaison with the French authorities and the local authorities in Egypt, Air France has decided to maintain its service to Cairo,” Air France’s spokesman said in a written statement sent to Reuters.