“The solid rise in retail sales volumes in January adds to the signs that the Omicron-induced hit to activity was smaller and shorter-lived than previously thought. Even so, the cost of living crisis means the outlook for retailers is anything but bright,” said Adam Hoyes, economist at Capital Economics.
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Coronavirus: Some restaurants extend Eat Out to September
admin, , Business, 0
Image copyright Grosvenor Image caption A Pizza Pilgrims restaurant in Belgravia Some restaurants say they will continue to offer...
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‘Crypto King’ Sam Bankman-Fried guilty of FTX fraud
admin, , Business, 0
“Sadly I don’t think we’re going to see regulation in the very short term. But it certainly means that...
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Russian operator to suspend electricity supply to Finland
admin, , Business, 0
Demand is also decreasing as the weather gets warmer, while a significant amount of extra wind power generation is...
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Retail sales soar 9.2% in April as shops reopen
admin, , Business, 0
“Footfall is still down by 40% on the pre-pandemic period, and there are still 530,000 people who work in...
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AI boss Sam Altman ousted after board loses confidence
admin, , Business, 0
“The board no longer has confidence in his ability to continue leading OpenAI,” the company said, citing “a deliberative...
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Cineworld to shut down UK screens after Bond film delay
admin, , Business, 0
Image copyright Getty Images Cineworld is set to temporarily close its UK cinemas in the coming weeks. As first...
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Even in peaceful countries be ready for a siren blast
admin, , Business, 0
These days, sirens tend to make the news as false alarms, or when tests of siren systems are reported...
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OECD: Lockdowns here to stay, even with vaccine plan
admin, , Business, 0
“Once we’re out of the crisis, the economic fabric would have been preserved thanks to these measures, then we...
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