Tesco sees revenue fall 1.5 percent to £9.9 billion ($12.2 billion) in the 13 weeks leading up to the end of May CEO cites rising inflation as a reason for customers spending less on branded foods. UK inflation at 9 percent. The highest level in 40 years, and set to top 11 percent in coming … Read more
Asian and European equities slumped on Thursday following Wall Street’s lead, after a key US document renewed fears of inflation and a tightening of economic policies. Stocks were volatile for a great deal of 2022, fuelled via China’s Covid-19 lockdowns, Russia’s invasion of Ukraine, and surging inflation that has dampened patron sentiment. Investors had been looking … Read more
Stock markets and oil prices slumped Monday on the developing situation that lockdowns in China aimed toward preventing a worsening Covid outbreak may want to in addition damage an international economic system battling much years-high inflation. The losses extended the remaining week’s promote-off triggered with the aid of Federal Reserve boss Jerome Powell indicating that … Read more
Asian and European markets were down Tuesday, after a weak lead from Wall Street and with all eyes on key US inflation data due later in the trading day. Tokyo closed down by nearly 2 percent, though Hong Kong was up more than one percent by the end of trade day. Shanghai also posted gains, … Read more
