‘Pingdemic’ takes a toll on economy as growth stagnates to 0.1% due to shortage

Companies have faced significant problems with the so-called “pingdemic” and shortages of materials – especially in the construction sector, with many also suffering from delivery staff shortages. Millions of workers were told to self-isolate in July – a trigger that has since been relaxed ( Image: Getty Images) The UK’s test and trace plan hit the economy in July, after businesses were left…

UK July retail sales drop amid soccer frenzy and COVID ‘pingdemic’ By Reuters

2/2 © Reuters. A shopper walks down the street in London, Britain December 18, 2020. REUTERS/Hannah Mckay 2/2 By William Schomberg and Andy Bruce LONDON (Reuters) -British retail sales unexpectedly fell in July, official data showed on Friday, suggesting at least some consumers skipped shopping to follow England’s run in the Euro 2020 soccer tournament, or stayed at home due to rising COVID-19…