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Tesco and M&S report strong Christmas food sales
Retail giants Tesco and Marks & Spencer both saw a bump in food sales over the vital Christmas period despite both mentioning a challenging economic backdrop. Tesco said sales in the UK were up 3.2% from last year and it had now notched up its highest market share in more than a decade. M&S said…
Geothermal energy: Investment needed to develop new tech
To go faster and deeper will require advances in drilling technologies. Companies are developing drilling equipment that is more stable when breaking through hard rock at high temperatures. Some firms are even aiming to penetrate rock without using standard drills. Quaise, a company with roots at the Massachusetts Institute of Technology (MIT), is using a…
Machu Picchu hit by a row over tourist buses
Jane ChambersBusiness reporter, Aguas Calientes, Peru AFP via Getty Images Machu Picchu attracts more than 1.6 million tourists per year, but getting there is not easy Machu Picchu, the remains of a 15th Century Inca city, is Peru’s most popular tourist destination, and a Unesco world heritage site. Yet a continuing dispute over the buses…
US Fed holds interest rates and defends central bank independence
Two Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
