B20 boost for women in business

B20 boost for women in business
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Updated 16 January 2020

B20 boost for women in business

B20 boost for women in business
  • The summit, whose slogan is “Transforming for Inclusive Growth,” begins on Thursday

LONDON: One of Saudi Arabia’s top business leaders hopes a summit connected to the G20 will help support women in leadership roles throughout the Kingdom.

Saudi Arabia is this week hosting the business group (B20) connected to the G20 summit which takes place in November. Sami bin Abdullah Al-Obaidi, chairman of the Council of Saudi Chambers, said that a working council specializing in women in business would help to support the Vision 2030 goals of increasing the economic participation of women. The summit, whose slogan is “Transforming for Inclusive Growth,” begins on Thursday.

The Kingdom assumed the G20 presidency at the start of last month.


UK economy shrinks by 2.6% in November, first drop since April

UK economy shrinks by 2.6% in November, first drop since April
Updated 15 January 2021

UK economy shrinks by 2.6% in November, first drop since April

UK economy shrinks by 2.6% in November, first drop since April
  • The fall in gross domestic product much lower than the average forecast for a 5.7 percent drop

LONDON: Britain’s economy shrank by 2.6 percent in November, the first monthly fall in output since the depths of an initial COVID lockdown in April, as new restrictions were imposed on much of the country to slow the spread of the disease.
The fall in gross domestic product reported by the Office for National Statistics was much lower than the average forecast for a 5.7 percent drop in a Reuters poll of economists.
The Bank of England estimates Britain’s economy shrank by just over 1 percent over the final three months of 2020, and with a new lockdown in place since January the country is likely to have fallen into a double-dip recession.
The BoE ramped up its bond-buying program to almost 900 billion pounds in November and Governor Andrew Bailey said this week that it was too soon to say if further stimulus would be needed.