2023 Showed Lower Volatility for the Pound Sterling; But Will 2024 Be the Same?
Ever since the announcement of the Brexit result, the pound has never been the same. It wasn't just the instant drop off in its value
Major Airlines Earn Staggering $33.3b in 2023 For Baggage Fees Alone
With more passengers opting for checked baggage and additional services, airlines are capitalizing on the renewed demand for ancillary offerings.
Global Stocks Mostly Up Despite Tepid Consumer Confidence Data
Global equities mostly rose Tuesday despite lackluster consumer confidence data in the United States and Germany, as the tech-linked Nasdaq pushed higher.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
China New Year Holiday Spending Surges Past Pre-pandemic Levels
China's new year holiday spending last week surged past pre-pandemic levels, official figures showed, a rare bright spot for an economy struggling with sluggish consumption and deflation.
UK Economy Slides Into Recession Ahead Of Election
Britain is in recession, official data showed Thursday, dealing another blow to embattled Prime Minister Rishi Sunak, whose Conservative party is forecast to lose a general election expected this year.
Labour's Scaled-Back Home Insulation Plans Face Criticism as Insufficient
Brian Berry expressed disappointment, stating that the decision to scale back the ambition of retrofitting 19 million homes to just five million is regrettable.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Holiday-hit Asian Markets Mixed, Wall St Record Fails To Inspire
Asian markets were mixed in holiday-thinned trade Friday as investors struggled to build on another record-setting day on Wall Street, with focus on the upcoming release of key US inflation data.
Google and Microsoft Witness £130 Billion Market Cap Decline
Shares of Alphabet, the parent company of Google, experienced a six per cent decline following investor disappointment with the lacklustre advertising performance in the last quarter.
Global Stocks Mixed As Traders Track Eurozone Data, Await Fed
Global stocks were mixed Tuesday as Wall Street wavered ahead of fresh interest-rate signals from the US Federal Reserve, and new data showed that the eurozone dodged recession at the end of last year.
US Fed Rate Cuts Become Question Of When, Not If
The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.
US Indices Finish At Fresh Records As ECB Pauses Rates Again
Wall Street indices finished at fresh records Thursday on the back of strong US economic growth data while European stocks edged higher despite the European Central Bank signaling it was too soon to start considering interest rate cuts.
Hydrinity Charts a Course to Skincare Success in the UK
With the UK's skincare industry flourishing, discerning consumers constantly scour the horizon for the next breakthrough in beauty and skin health
Web3 Gaming Trends in 2024: Utility-Driven Integration, iGaming Models and Web2.5 Impact
This year can finally be the year that Web3 gaming takes its much-awaited leap towards mainstream adoption. Let's dive into key trends.
Hong Kong Leads Asian Market Rally On China Support Hopes
Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.
UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth
A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.
Most Asian Markets Rise After Wall St Record
Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US interest rate cut were dealt a fresh blow by Federal Reserve officials looking to rein in investor expectations.
Around 85% of UK Travellers Changed Plans Due To Cost-of-living Crisis in 2023
A new study revealed how the UK hospitality industry can use personal touch coupled with technology like AI and automation to lure UK travellers to rebook the same hotels in the cost-of-living crisis.
Asian Markets Track Wall St Higher After Tech Surge
Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year.
UK Wage Growth Continues To Slow And Threaten Labour Market
The Office For National Statistics reports that the annual rate of growth in earnings, including annual bonuses, has slowed to 6.5 per cent.
UK Energy Security Assured for 70 years With A Nuclear Roadmap for the Biggest Nuclear Power Expansion
The UK government has announced a civil nuclear roadmap that seeks to revive the UK nuclear sector with a plan to build new nuclear reactors, fuels, and technology, adding UK jobs across the country.
UK Retail Landscape Faces Challenges as December 2023 Sales Slow Down
The total UK retail sales for the month showed a growth of 1.7 per cent, marking a substantial decline from the 6.9 per cent recorded in December 2022.
Oil Prices Slump But Stock Markets Mostly Higher
Oil prices on Monday slumped following a sharp price cut by Saudi Aramco while Wall Street stocks rocketed higher, rebounding after a sluggish start to 2024.
The 2024 Forecast for Retail Industry: 'It is going to get worse'
Projections released by Think Tank suggest that consumers are likely to maintain a cautious approach to spending in the initial months of 2024.
Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing
Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.
US Stocks Extend Rally, Yen Retreats Against Dollar
Wall Street stocks rose Monday ahead of a deluge of key economic news, extending a rally while the yen retreated from a recent advance.
UK Retailers Continue to Struggle From Economic Uncertainties and Changing Consumer Habits in November
The fashion and clothing sector, traditionally a cornerstone of the UK retail landscape, continues to face headwinds, according to recent reports.
Oil Prices Rebound On Mixed Day For US Stocks
Wall Street stocks rebounded Tuesday behind solid retail data and reassuring comments from Federal Reserve officials, while oil prices rose and the dollar slid.
UK Shoppers Anticipate Reduced Black Friday Purchases Amidst Cost of Living Crisis
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.