Inflation

U.S. Consumer Spending, Inflation Cool In November

U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months, but demand is probably not cooling fast...

UK Retail Sales Pick Up Unexpectedly In December: CBI

British retailers reported a surprise pick-up in demand in December, but expect spending to slide again in 2023 as shoppers are pressured by the rising cos...

Bunzl Sees Higher 2023 Revenue On Acquisitions, Strong Demand For Products

British business supplies distributor Bunzl Plc said it expected revenues in 2023 to be slightly higher, banking on the acquisitions it made this year and...

Irish Consumers Feel Some Christmas Cheer As Outlook Steadies

Irish consumer sentiment improved in December to its best level for four months as cheaper fuel and an improved economic outlook brought some seasonal chee...

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Portugal's parliament has approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near t...

General Mills Raises Annual Forecasts On Steady Demand, Higher Prices

General Mills Inc has raised its full-year organic sales and profit outlook following steady demand for its snack bars and breakfast cereals, as well as pr...

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...