Due to exceptionally hot weather and a comeback in food sales after King Charles’ coronation disrupted spending in May, British retail sales increased quicker than anticipated in June despite ongoing high inflation, official numbers indicated on Friday. While the highest… Read More ›
According to three reports, major fossil fuel producers such as Saudi Arabia and Russia on Friday opposed a plan to increase the G20’s renewable energy capacity by 2030. The plan was also opposed by coal exporters South Africa and Indonesia… Read More ›
Elon Musk, the CEO of Tesla, hinted on Wednesday that he will lower costs once more for electric vehicles in “turbulent times,” despite the fact that his company’s profits are being squeezed by his fierce price battle with competing automakers…. Read More ›
In spite of price constraints, Swedish automaker Volvo Cars anticipated strong demand for its vehicles on Thursday, despite reporting a 54% decline in second-quarter operating earnings due to the year-ago quarter’s profit being boosted by a one-time gain. Volvo Cars,… Read More ›
According to Albert Park, chief economist of the Asian Development Bank, China’s hesitant consumer confidence has been “a dampener” for its frail recovery. The second-largest economy in the world earlier this week released second quarter GDP figures that mostly fell… Read More ›
Which?, a British consumer group, has urged the government to take action to assist consumers when the competition watchdog releases its study of grocery pricing, claiming that some food costs have risen by up to 175% since 2021. Which? discovered… Read More ›
China reported Monday that its second-quarter GDP increased by 6.3% year on year, falling short of estimates. In June, the unemployment rate among young individuals aged 16 to 24 was 21.3%, a new high. The second-quarter GDP figure of 6.3%… Read More ›
According to a Deloitte survey released on Wednesday, back-to-school spending is anticipated to decline for the first time in nine years as consumers of all income levels prioritise essentials over non-essential purchases in the face of persistent inflation. According to… Read More ›
Last month, with the help of more affordable used automobiles, the US’s rate of price increase slowed to its lowest level in more than two years. Data show that inflation increased from 4% in May to 3% in the year… Read More ›
The recent developments at the Jack Ma-founded Ant Group have only served to serve as a reminder to international investors of the country’s changeable regulatory rules and the vulnerability of the sector, rather than sparking a relief rally in China’s… Read More ›
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