Retail sales in the UK decreased by 0.5% between April and May, reversing the previous month’s increase. Consumers spent 0.6% more on clothes. Retail sales have decreased since their peak in the spring of last year. UK Inflation: As a result of consumers tightening their belts in response to the rising cost of living, retail … Read more
The NSE Nifty dropped 1.68 percent to 16,201.80 points. The rupee fell 0.1 percent to 77.84 per dollar at the close. US market indexes fell again on Friday as consumer inflation rose 8.6 percent in May, the highest pace since 1981, owing to a jump in fuel and food prices. Investors are afraid that central … Read more
Boris Johnson’s aspirations for an economic “reset” appear bleak in the face of mounting concerns over pay and living costs. inflation is skyrocketing, the economy is sinking to the bottom of the global league tables, and summer of strike action is on the horizon. To repair a tarnished political reputation and avert a recession, the … Read more
ServiceNow On Monday, CEO Bill McDermott told Jim Cramer that he does not expect the current economy to see a market drop similar to the 2008 financial catastrophe. “This is not even close to 2008. In 2008, I was with a company where we lost a billion euros in pipeline in a day. That was … Read more
According to the analysis, the core CPI in June 1980 was 9.1 percent, not 13.6 percent. According to the paper, more pain may be required to stop inflation now. Fresh analysis of historical price data suggests that US inflation is running much closer to its 1980 peak, implying that the Federal Reserve’s mission of bringing … Read more
Australian economy shrank by 0.3% in the first quarter of the year, amid bushfires and the early stages of the outbreak bringing the country to face recession the first time in 29 years. Media reports said gross domestic product fell quarter as entire business sectors were closed due to lock down to fight the coronavirus. … Read more
