Biggest drop in petrol purchases in six years hits retail sales in Great Britain | Retail industry
Motorists cutting back on petrol and fuel purchases at the steepest rate since the Covid pandemic in 2020…
What are the main events for today?
EUROPEAN SESSION In the European session, the main highlight was the UK retail sales report. The data missed…
UK borrowed bigger than forecast £24.3bn in April as inflation adds to benefits bill | Government borrowing
The UK borrowed more than expected in April as high inflation drove up the cost of pensions and…
Government borrowing higher than expected in April – BBC
Government borrowing higher than expected in April BBCUK borrowing hits higher than expected £24.3bn in April; retail sales drop…
‘Cash is king’: Hong Kong, mainland Chinese firms hoard reserves as growth options narrow
More companies and conglomerates in Hong Kong and mainland China are hoarding cash on their balance sheets –…
One in a thousand: The European countries where the ultra-rich earn the most
The share of income going to the richest 0.1% varies widely across Europe. In some countries, it is…
RBNZ set to hold at 2.25% but majority now see hikes coming by end-September
A Reuters poll shows 28 of 29 economists expect the RBNZ to hold rates at 2.25% on May…
UK and Irish consumers edge up from lows but spending caution runs deep
UK consumer confidence beat forecasts in May at -23, while Irish sentiment rebounded sharply from a 40-month low,…
French economic activity falls markedly in May, steepest decline in five-and-a-half years
Services PMI 42.9 vs 46.6 expectedPrior 46.5Manufacturing PMI 48.9 vs 52.2 expectedPrior 52.8Composite PMI 43.5 vs 47.7 expectedPrior…
Why is the Indonesian rupiah falling, and could confidence be cracking?
RUPIAH’S SLIDE FUELS INVESTOR CONCERNS While analysts stress that Indonesia’s economy is far stronger than it was during…
How real is a ₹150 dollar?
In today’s Finshots, we try to make sense of whether the rupee could hit ₹150 per dollar in…
Inflation: Spain again recorded the highest increase among the major eurozone economies for April
The cost of living is rising faster in Spain than in the major eurozone economies. The year-on-year inflation…