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The one measure that can tell us a lot about the state of the UK economy
Faisal IslamEconomics editor Reuters Shoppers on Oxford Street during the Boxing Day sales A new year, a new beginning. The latest monthly figures on the economy hardly confirm a change of gear, but nor do they back up the worst doom-mongers claiming decline and recession. It is neither doom nor boom, but a new year…
Wise under investigation over money laundering control concerns
“The findings primarily concern the use of Wise accounts for criminal purposes, with indications of non-compliance with anti-money laundering legislation, particularly due to a failure to identify customers and their activities,” the spokesperson added.
Late shopper rush drives Boxing Day sale traffic
An evening surge in shoppers keen on Boxing Day bargains drove a decade-high increase in footfall for the annual sales, figures suggest. It was up by 4.4% across all UK retail destinations including high streets and shopping centres compared to the same day last year, according to data from MRI Software. Footfall also remained strong…
Petrol retailers in row with government over rip off accusations
But in a statement, Gordon Balmer, executive director of the PRA, said: “Recently I have heard of incidents from some of our members of retail staff being abused by members of the public, who may have been provoked by the incorrect and inflammatory language emanating from some commentators, for example, use of the terms ‘rip…
How the US has overtaken China’s investments in Africa
Egon CossouBusiness reporter Trinity Metals You probably don’t give much thought to the device that you’re reading this article on, as long as it looks good and keeps working. But the elements that power and run it are the subject of an escalating struggle between the world’s two biggest economies – the US and China…
