Euro area retail sales fell for the first time in four months and at a slightly faster than expected pace in July, led by a slump in sales of auto fuel, preliminary data from the statistical office Eurostat showed Wednesday. Retail sales decreased 0.2 percent month-on-month in July, which was slightly faster than the 0.1 percent fall economists had expected. […]

Headlam Group plc (HEAD.L), a floorcoverings distributor, on Tuesday reported lower profit before tax for the first half of the year, on macro and industry headwinds and lower trading volumes. However, revenues increased by 2.5 percent. Half yearly profit before tax decreased to 4.5 million pounds from 21.6 million pounds of last year. After tax, earnings fell to 3.7 million […]

Save articles for later Add articles to your saved list and come back to them any time. Earlier this year, David Yang was brimming with confidence about the prospects for his perfume factory in eastern China. After nearly three years of paralysing COVID lockdowns, China had lifted its restrictions in late 2022. The economy seemed destined to roar back to […]

Investors were seeking clarity about the outlook for interest rates from a Jackson Hole economic symposium but found little from Federal Reserve Chair Jerome Powell, who compared monetary policy to “navigating by the stars under cloudy skies.” While Powell reiterated the Fed’s target of 2 percent inflation, he called it “challenging” to know when monetary policy is restrictive enough to […]

Save articles for later Add articles to your saved list and come back to them any time. The economic travails of the post-pandemic years have led to intense intellectual and policy debates. One thing almost everyone agrees on, however, is that the post-COVID crisis bears very little resemblance to the global financial crisis of 2008. So, sure enough, China — […]

Lookers Plc (LOOK.L), a used car dealership chain in the UK and Ireland, on Tuesday posted a decline in pre-tax earnings for the first-half, amidst a rise in costs and expenses, and a non-underlying charge. However, the Group registered an increase in revenue. For the six-month period to June 30, the company posted a pre-tax profit of 40.4 million pounds, […]

Save articles for later Add articles to your saved list and come back to them any time. I have just sold out of my investment property. What can I do to reduce my capital gains tax (CGT)? Our CGT regime is pretty generous. Provided you hold the asset for at least a year, the tax you pay is half what […]

Save articles for later Add articles to your saved list and come back to them any time. In the expansive realm of TikTok, a peculiar trend named “girl maths” has taken the stage, captivating users with its whimsical calculations and creative spending justifications. From the mundane purchase of a $5 coffee to the extravagance of concert tickets, girl maths employs […]

Investigators and medical crews have sifted through the damage of the Lahaina wildfire and will continue to do so for weeks. The death toll could reach 200. On a less critical note, one expert firm says residential housing has been hit for as much as $1.3 billion. (These 20 states are being destroyed by natural disasters.) CoreLogic recently reported that […]