British shoppers spent more in August, helped by summer weather and stronger demand for food, furniture and back-to-school computers – though some of the increase reflected higher food prices too, the British Retail Consortium said on Tuesday. The BRC said spending at its members, mostly larger retail chains, increased by 3.1 per cent in annual […] Courtesy of Cyprus Mail | News…
The downturn in Britain’s construction industry abated slightly in June as homebuilding returned to growth, but commercial building activity tumbled thanks to mounting worries about the economy, a survey has shown. The S&P Global UK Construction Purchasing Managers’ Index rose to 48.8 from 47.9 in May, a six-month high but still below the 50 threshold […] Courtesy of Cyprus Mail | News…
EU antitrust regulators, who are examining European satellite company SES’s (SESFg.LU) $3.1-billion bid for Intelsat, have asked the two companies’ customers whether Elon Musk’s Space X-owned Starlink is a credible rival to them. The responses will determine whether the European Commission, the EU executive, clears the deal with or without concessions or opens a full-scale […] Courtesy of Cyprus Mail | News…
British pay growth in the private sector picked up in the three months to November but a plunge in payrolls added to signs of a softer labour market, according to data released this week that offered mixed signals for Bank of England interest rate-setters. Private-sector average weekly earnings growth excluding bonuses – a measure watched […] Courtesy of Cyprus Mail | News…
Google (GOOGL.O) has pledged 25 million euros ($26.98 million) to help people in Europe learn to use artificial intelligence (AI). Announcing the funding on Monday, the tech giant said it had opened applications for social enterprises and nonprofits that could help reach those most likely to benefit from training. The… Courtesy of Cyprus Mail | News…
Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro (HAS.O) approached Indian durable goods and aerospace supplier Aequs to sub-contract. “They said if you can get into toy manufacturing, now we’re looking… Courtesy of Cyprus Mail | News…