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Britain’s decision to leave the EU has led to a “dramatic deterioration” in economic activity, not seen since the aftermath of the financial crisis.

Data from IHS Markit’s Purchasing Manager’s Index, or PMI, shows a fall to 47.7 in July, the lowest level since April in 2009. A reading below 50 indicates contraction.

Both manufacturing and service sectors saw a decline in output and orders.


Austin authorities are investigating two police officers after the violent arrest of a black schoolteacher during a traffic stop.

The Austin American-Statesman and KVUE-TV obtained footage of the arrest this week.

The video shows Officer Bryan Richter hurling Breaion King, 26, out of her car and to the ground just seconds after telling her to close her car door during the June 15, 2015, incident.

In an arrest report, Richter wrote that he had pulled King over for going 50 mph in a 35 mph zone. He said that King was “uncooperative” and had resisted arrest by pulling away from him and holding onto the steering wheel.

King is heard screaming as Richter grabs her and yells at her to stop resisting.

King said she didn’t have a chance to obey the officer’s orders.

“It happened really fast,” she said. “I wasn’t given enough time.”

After King is in custody, Richter tells two other officers that he “didn’t want to hit her” but that she took a swing at him.

A distraught King was driven to the police station by Officer Patrick Spradlin, with whom she tried to discuss racism.

Spradlin is heard telling her that so many white people are afraid of blacks because of “violent tendencies.”

“I don’t blame them,” he says.

He goes on to say that “because of their appearance and whatnot, some of them are very intimidating.”

At the time, Richter was ordered to attend counseling and additional training — the lowest level of discipline given by the Austin Police Department. Spradlin was not punished.

Austin police Chief Art Acevedo said this week that there would be an internal review of the incident in addition to a criminal investigation. He said he regrets not knowing about the incident sooner.

“After reviewing both videos, I and our leadership team were highly disturbed and disappointed in both the way Ms. King was approached and handled and in the mindset that we saw on display in those videos,” he said.

King was charged with resisting arrest, but Travis County Attorney David Escamilla dropped that charge after reviewing the footage earlier this year.

Travis County District Attorney Rosemary Lehmberg said she will most likely present the case against Richter to a grand jury.

As for King, she said she has hired attorneys and is considering a lawsuit over the incident, which she said has changed her feelings about police.

“I’ve become fearful to live my life,” she said. “I would rather stay home. I’ve become afraid of the people who are supposed to protect me and take care of me.”

A man already serving time in prison for murder has been charged with the crime again after killing his cellmate, a rapist, for inappropriately touching him, officials said.

Sheddrick Bentley was scheduled Tuesday to be arraigned in Volusia County on Aug. 4 on a charge of second-degree murder in the death of Hans Christian Anderson, court records show.



Minister of Finance, Kemi Adeosun on Thursday disclosed that Nigeria is in technical recession.

Adeosun, who made this known while appearing before the Senate said efforts to allay public fears about the implication of the country’s troubled economy, saying “things are tough”, but there should be no panic.

She said, “I want to assure Nigerians the economy is in good hands and we are absolutely doing our best. We want to assure Nigeria we are on the right path, we are on the right track.”

Mrs. Adeosun told the lawmakers that there is nothing to fear about International Monetary Fund (IMF) projections about Nigeria’s economy.

“We should not be worried about IMF. We should be confident about what we are doing,” she said. “Technically, Nigeria is in recession but we should not go into definition; but what we are doing?”

To revive the economy, she said the government had devised strategic measures, chief of which is discipline regarding how public money is spent.

While Speaking in the Red Chamber, she said, “We have being borrowing largely from the domestic market because we needed to get the exchange rate sorted out to enable us borrow from the international market.

“The international borrowings will begin to come in Q3 that is always our projections we would take initial money from Nigeria as we sorted things out and we go on the road to borrow internationally.

“I am not too worried about the IMF projection, I will tell you why because IMF job one of their functions is global economic surveillance. They equally issued a negative report on Britain as a result of Brexit.

“I don’t think we should panic every time IMF speaks. I think we need to be confident around what we are doing and where we are going. I remained extremely confident as I said around Nigeria, IMF has given their projections which is we may continue into negative territory and I am not sure what we have seen suggests that. Agriculture output seems to be going up.

“If you even look inflation which is very high, the month on that reduced and that tells you that things are moving in the right direction. If you look at what is happening in the petroleum sector before subsidy we are subsidising around 45 million dollars litres of fuel a day. Now without subsidy usage has dropped to 26 million litres so what does that tells you all the smuggling that was going out of the country based on the subsidy that we are providing have stopped those are real savings to the economy which we are now redirecting into the essentially infrastructure that will get this economy going.

“Is Nigeria in recession, technically if you go into two quotas of negative growth. Technically, we are in recession but I don’t think we should dwell on definitions I think we should really dwell on where we are going.

“I think if we are in recession what I will like to say is we are going to come out of it and it would be a very short one because the policies that we have would ensure that we don’t go below where we need to go and I think with what we are doing we would begin to turn the corner I believe by Q3.

“I can confirm there is no more subsidy its a market driven price and indeed one of the good things that we are now seeing is that prices have actually coming down there is now competition between filling stations for market share which is a good thing which means overtime the market would continue to correct itself.”




Senate, on Thursday, reshuffled its committees appointing Senator Kabiru Marafa as Chairman of Senate Committee on Petroleum Downstream, he was the Chairman on National Population, and Senator Oluremi Tinubu as Chairman, Senate Committee on Environment was former chairman on Women Affairs.

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