UK retail sales rose unexpectedly in July as consumers continued to spend despite concerns over the cost of living. The Office for National Statistics said sales volumes rose 0.3% this month, following a revised 0.2% decline in June, with a series of online sales promotions helping to overcome a broader trend of a decline in … Read more
A 20-year-old college student made $110 million selling his stake in retailer Bed Bath & Beyond after the company’s stock price surged over a month-long period this summer — an echo of the “meme stock” boom of last year. Jake Freeman, who studies applied math and economics at the University of Southern California, bought 5 … Read more
taipei, taiwan – When the Chinese military conducted unprecedented exercises to encircle Taiwan in the past two weeks, most Taiwanese shrugged. On August 6, at the height of the drills, revelers on Dongyin — an island controlled by Taiwan in the Matsu Archipelago just 50 km (30 miles) from China’s Fujian province — danced through … Read more
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German Chancellor Olaf Scholz, left, and Prime Minister of Canada Justin Trudeau, right, stroll during their bilateral meeting on the sidelines of the G7 summit at Elmau Castle in Kruen, Germany, on June 27.Kerstin Joensson/AFP/Getty Images When German Chancellor Olaf Scholz visits Canada next week to discuss the energy crisis gripping his country, the prospects … Read more
THE Bank of England will withdraw the legal tender status of £20 and £50 paper notes after 30 September 2022. After this date, paper notes of £20 and £50 will no longer be legal tender. That’s why they encourage anyone who still has them to use them or deposit them at their bank or post … Read more
The department store chain presented a bleak outlook for 2022 on Thursday, saying it expects full-year sales to fall 5% to 6% compared to a year ago and blames high inflation for preventing shoppers — particularly the middle incomes – spend more in its stores. The company also reported a decline in revenue and profit … Read more
Despite the sheer number, Australians earning less than $92,000 a year are now considered below average income. This is because the latest earnings report from the Australian Bureau of Statistics revealed that the average full-time worker earns $1769.80 per week, or $92,029.60 per year (before taxes). Once you factor in overtime, penalties, bonuses, and commission, … Read more
The Manitoba government plans to raise the minimum wage to $15 by October 2023, Prime Minister Heather Stefanson announced on Thursday. The prime minister noted that the government will soon begin consultations with small businesses about the effects of this change. An additional increase in the minimum wage could put pressure on Manitoba’s small businesses. … Read more
If you think the prices here are high, take a moment for those who live in the Baltic countries. Estonians are seeing the biggest increase in the cost of living in the EU, with inflation at 23.2 percent. The price of a kilo of raspberries has almost doubled to €10.90, while petrol has reached a … Read more
New York CNN Business — This summer is all about sequels. We have had Top Gun, Jurassic World, Thor… and now we’re all buying tickets for GameStop Part 2: Bed Bath & Beyond. Here’s the deal: Bed Bath & Beyond’s company has been circulating for a while, but its stock got a boost this spring … Read more