Economy

Britain Needs A Growth Plan, Says Tesco Chairman

The British government must come up with a long-term growth strategy, John Allan, the chairman of Britain's biggest retailer Tesco, said on Friday.

UK Inflation Edges Down To 10.5% In December, Food Prices Surge

British inflation eased last month after hitting a 41-year high in October, offering some comfort to the Bank of England, but the pressure on households re...

Key Israel Business Group Seeks Steep Cut In Food Tax

Israel's Manufacturers' Association has proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitivene...

World Cup Drinkers Boost UK GDP, Easing Recession Risk

Britain's economy unexpectedly eked out some growth in November after a boost from World Cup drinkers and video game sales, reduci...

7-Eleven Enters Israel, Opens First Store In Tel Aviv

Convenience chain 7-Eleven has opened its first store in Tel Aviv at the Dizengoff Centre Mall, marking its entry to Israel.

German Business Morale Approaches 2023 On High Note: Ifo

German business morale rose more than expected in December as the outlook for Europe's largest economy improved despite the energy crisis and high inflatio...

Britons Worry About Running Out Of Food, Keeping Warm, Survey Finds

One in six people in Britain are worried about running out of food and more cannot keep warm enough in their own homes, according to an official survey on...

Russia's Magnit Races To Open Discount Stores As Living Standards Slump

Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options...