Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality…
Nick Eardley & Matt Murphy BBC Verify PA Media The Royal Navy released images of the Sparta II (centre) as it moved through international waters in late December, before arriving in Syria Two Russian ships linked to its military have docked at the Kremlin’s naval base on the Syrian coast at Tartous, with experts suggesting…
The Euro sculpture near the Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Commerzbank is taking the precautionary move ahead of its engagement with UniCredit SpA, according to people familiar with the matter. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images European banking leaders are…
LONDON — European stocks are expected to open higher Wednesday, continuing positive sentiment seen in global markets since the start of the week. The U.K.’s FTSE index is expected to open 7 points higher at 8,557, Germany’s DAX up 98 points at 21,140, France’s CAC 40 up 13 points at 7,786 and Italy’s FTSE MIB up…
Bank of Japan Governor Kazuo Ueda delivers a speech at the start of issuance of new yen banknotes at the Bank of Japan headquarters in Tokyo on July 3, 2024. Str | Afp | Getty Images The Bank of Japan is expected to raise its benchmark interest rate this week by 25 basis points, according…
New electric vehicles destined for Belgium at a port in Taicang city in eastern China’s Jiangsu province on Jan. 11, 2025. Future Publishing | Future Publishing | Getty Images BEIJING — China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Sales…
Rebecca Douglas has been to Iceland 29 times. And she’s already booked her 30th trip. The goal of every trip is the same: photographing the aurora borealis, or Northern Lights. Douglas has been photographing this spectacular phenomenon since 2010. It’s colors — which can paint the sky a dazzling array of green, purple, yellow and…
A long-awaited report into former Republican US Representative Matt Gaetz is expected to be released on Monday. It follows an investigation by the House Ethics Committee into allegations of sexual misconduct and illicit drug use by Gaetz, who was briefly lined up for a top job in the cabinet of President-elect Donald Trump. A draft…
