Afghanistan has two anniversaries developing. Friday is Independence Day, commemorating the signing of the Treaty of Rawalpindi in 1919, through which Britain granted Afghanistan self-determination over its overseas affairs. Nonetheless, most shall be extra involved with Monday, which marks a yr because the Taliban regained management.
This week additionally begins with the seventy fifth anniversary of the British withdrawal from the Indian subcontinent, marking the partition of India and Pakistan. India’s prime minister Narendra Modi is to deal with the nation from historic Crimson Fort in Delhi with the main focus more likely to be on the troubles in Kashmir, the nation’s solely Muslim-majority state.
For British schoolchildren, it’s all in regards to the current as college students in England, Wales and Northern Eire on Thursday obtain the emails and envelopes containing their A-level and vocational examination outcomes. The duty of accepting and discovering college locations by means of the clearing course of will then start in earnest.
As with the Superior Greater examination scores introduced for Scottish college college students final week, the A-level outcomes are anticipated to be down on final yr, however in all probability up on pre-pandemic years. The examination physique AQA has stated papers shall be extra generously graded to mirror the return to regular take a look at situations.
The UK’s summer time of discontent shall be marked by one other nationwide rail strike this week, made worse by a basic walkout throughout London’s public transport networks. Subsequent Sunday, greater than 1,900 staff at Britain’s largest container port Felixstowe are set to strike, plus we’ve one other week of the felony barristers’ strike at courts in England and Wales, with no decision in sight.
We’re about to take a big step ahead in Nasa’s Artemis house programme. The mission goals to land the primary lady and minority ethnic astronaut on the Moon, making ready for a long-term lunar presence and offering a stepping stone to sending people to Mars. Nasa plans to livestream the switch of the Artemis 1 rocket to the launch pad on Wednesday with the intention of finishing lift-off by the top of the month.
Financial information
Inflation watchers shall be stored busy this week with updates from the EU, Japan and Canada, plus, on Wednesday the publication of the Federal Open Market Committee’s newest assembly minutes will maybe give some indication of the Fed’s willingness to tighten financial coverage.
Additionally it is going to be a busy week for British financial information with figures on employment, inflation, productiveness, retail gross sales, client confidence and home costs. All are more likely to garner touch upon the state of UK plc.
Firms
This week we attain the tail-end of the present reporting season with outcomes from a clutch of outlets which are both purely on-line or have benefited significantly from ecommerce, notably Walmart on Tuesday, Goal and Tencent a day later, and AO World on Thursday.
AO World is making an attempt to shift its enterprise mannequin away from gross sales development to constructing and sustaining margins. The issue for such retailers as we enter an financial slowdown shall be sustaining adequate gross sales demand.
Learn the total week forward calendar right here.
