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Japan Raises Interest Rates to 31-Year High as UK Retail Sales Rebound
EconomyWorld

Japan Raises Interest Rates to 31-Year High as UK Retail Sales Rebound

The Bank of Japan has raised its benchmark interest rate to 1.25%, its highest level in 31 years, as central banks continue to...

South African Retail Sales Accelerate 3.4% in July as Consumer Demand Strengthens
EconomyAfricaBusiness

South African Retail Sales Accelerate 3.4% in July as Consumer Demand Strengthens

By Benson Daniel South Africa’s retail sector recorded stronger growth in July, with retail sales rising 3.4% compared with the same month last...

UK Funeral Director Faces Jail After Discovery of 31 Bodies at Facility
WorldBusiness

UK Economy Shows Resilience as Businesses and Consumers Boost Burnham Ahead of First Budget

Britain's economy is showing unexpected signs of resilience among businesses and consumers, providing an early boost for new Prime Minister Andy Burnham as...

Canada Retail Sales Rise 0.6% in June, Beating Expectations
WorldBusiness

Canada Retail Sales Rise 0.6% in June, Beating Expectations

Canada's retail sales rose 0.6% in June, beating economists' expectations, as consumers increased spending at clothing, general merchandise and motor vehicle stores, according...

U.S. Shoppers Tighten Budgets as Middle Class Cuts Back but Affluent Consumers Keep Spending
WorldBusiness

U.S. Shoppers Tighten Budgets as Middle Class Cuts Back but Affluent Consumers Keep Spending

American consumers are becoming increasingly cautious with their spending, with middle class and lower income households prioritising essentials and delaying major purchases, while...