Shoppers walk down Oxford Street in London. Reuters
British consumers, whose spending has helped the economy through the Brexit crisis, cut back on their shopping in October, according to official data that adds to signs the economy is losing momentum.
An indicator measuring expectations for the next three months was the strongest since October last year at +9%.
British shoppers paused in April after three months of strong buying, according to official data that showed continued underlying strength in consumer spending even as the Brexit political crisis unfolded. Monthly retail sales volumes were flat last month, the Office for National Statistics said,
The European Union (EU) wants to arm itself with new powers to control big technology companies, a newspaper reported on Sunday. The proposed plan includes forcing tech giants to break up or sell some of their European operations
Dubai Chamber of Commerce and Industry (DCCI) has announced the launch of the Dubai Chamber Interview Series, a virtual event series featuring live-one-on-one interviews with prominent local and international business figures from a wide range of industries.
Delays to General Motors’ sale of its Indian plant to Great Wall Motor due to tensions between India and China are likely to result in hefty unplanned costs for the US automaker, people familiar with the matter said.