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Added on the 10/11/2015 19:44:36 - Copyright : Reuters EN
British retail sales fall less than expected for February after a bumper performance the month before, but as Grace Pascoe reports, a few big names on the high street are finding that times are tough.
Fashion retailer Hennes & Mauritz reports its weakest monthly sales growth in more than two years. As Hayley Platt reports it blames unseasonably warm weather in many of its large markets in Europe.
Coria del Río (Seville), May 11 (EFE) .- The town of Coria del Río, the most affected last summer by the outbreak of the El Niño virus spread by mosquitoes, has started on Tuesday its plan to control these insects, which is activated "before the resignation of functions of the Board", has denounced its mayor, Modesto González.FOOTAGE OF FUMIGATION IN CORIA DEL RÍO (SEVILLA).
Business Insider reports that US retail sales in September increased by nearly 2%, landing above the average economist estimate of 0.8%. This is the fifth straight month of improvement, as the economy continues to reaccelerate after covid caused slowing through the summer. Consumer spending makes up 70% of the U.S. economy. Retail spending is among the economic indicators being closely watched to signal economic recovery health. But, September's initial leap is now slowing to a crawl. As fiscal relief programs expired and direct payments dried up, the pace of retail spending growth has slowed.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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