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Clegg hails instant impact of UK-South Korea trade agreement


By Daniel Hunter Deputy Prime Minister Nick Clegg will today (Tuesday) announce that two multi million dollar deals have been struck between Yorkshire and Korean businesses. The news comes as part of the Deputy Prime Minister’s trade visit to South Korea and is expected to create and protect hundreds of jobs... read more


Clegg announces '£500m a year' trade deal with South Korea


By Daniel Hunter Deputy Prime Minister Nick Clegg has announced a trade deal with South Korea that could benefit the UK economy to the tune of £500 million a year. The Free Trade Agreement between the EU and South Korea was approved by the UK during Clegg's visit to Seoul for a... read more


British innovation showcased by Cosworth


By Daniel Hunter His Royal Highness, The Duke of York has praised Cosworth’s approach to innovation and investment in the UK’s next generation of engineers, during a special tour of the British firm. As part of a pledge to show support for Britain’s manufacturing industry, and to inspire the country’s future engineers,... read more


83% of UK business leaders look to emerging markets for growth


By Daniel Hunter Tata Communications today revealed the findings of a unique research study into emerging markets and their impact on the global economy. The report, conducted by independent research company Vanson Bourne, surveyed 1,600 business leaders from ten emerging and developed markets, and reveals that 83% of companies in the... read more


New daily Asia-UK air freight service opens up trade options


By Daniel Hunter DSV Air & Sea Limited has launched a new daily air freight service from the Far East to the UK, giving its clients more choice and flexibility. The service, called DSV Everyday, offers daily flights from Hong Kong and South China to the UK. DSV Everyday offers three... read more


Manufacturers predict strong rise in production


By Daniel Hunter UK manufacturers’ expectations for output growth are at their strongest for a year, but firms also expect to have to raise prices significantly, the Confederation of British Industry (CBI) said today (Tuesday). Of the 436 manufacturers responding to the CBI’s latest monthly Industrial Trends Survey, 39% believe that output... read more


Lagarde: dark clouds over world economy are beginning to disperse


By Maximilian Clarke The world’s economy is in a less precipitous situation than at the close of 2011, IMF Director Christine Lagarde said during a presentation at the 2012 China Development Forum as she touched upon the ‘special responsibilities’ more resilient, high-growth economies have in maintaining macroeconomic stability. The high growth achieved... read more


Industry calls for Budget focus on government’s ambitions for growth


By Ben Simmons Ahead of this week’s Budget statement EEF, the manufacturers’ organisation, has called for the government to put the focus back on what it will do to promote more balanced growth . Industry needs to see a clear signal from government about its ambitions for the UK economy and... read more


African heads of state unite to boost private sector growth and trade


By Ben Simmons Over 100 Members of Parliament (MPs) from 40 African countries have agreed to step up efforts to improve the business environment on the continent by reviewing legislation linked to governance, trade barriers, and regional infrastructure in a bid to strengthen sustainable private sector development. They met during... read more


UK car production 'strong' in February


By Maximilian Clarke Car manufacturing figures show stellar growth of 23.5% in February, bringing year-on-year growth to just under 20%, figures from the Society of Motor Manufacturers and Traders show. The UK’s important vehicle manufacturing sector has been at the centre of several important developments, including a decision from Nissan to build... read more