Federal shutdown could cost U.S. economy up to $14 billion
The non-partisan Congressional Budget Office (CBO) has estimated that the ongoing U.S. federal government shutdown could reduce the economy by between...
UK retail sales unexpectedly fell 0.3% in December, following a revised 0.1% rise in November. The decline, driven by weak food sales, adds to concerns about the economy and raises expectations for a Bank of England interest rate cut next month.
UK retail sales unexpectedly declined in December, according to official figures released on Friday. This adds to a series of disappointing economic data, strengthening expectations that the Bank of England may lower interest rates next month.
Retail sales, adjusted for the impact of Black Friday, dropped by 0.3% month-on-month in December, following a revised 0.1% increase in November, the Office for National Statistics (ONS) reported. Economists had predicted a 0.4% rise in sales from November.
The drop was largely driven by weak food sales, which fell to their lowest level since 2013, with supermarkets hit particularly hard, said ONS senior statistician Hannah Finselbach.
In response to the data, the pound slipped around a quarter of a cent against the U.S. dollar, falling below $1.22.
For the fourth quarter as a whole, retail sales were down by 0.8%, which the ONS noted could reduce economic growth by approximately 0.04 percentage points.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
British actress Prunella Scales, best known for playing the formidable Sybil Fawlty in comedy show "Fawlty Towers", has died age 93, her sons said in a statement on Tuesday.
American media personality Kim Kardashian said she had been diagnosed with a brain aneurysm, U.S. media outlets reported on Thursday.
The Louvre's ageing security camera system failed on Sunday to detect the thieves in time to prevent their historic heist, the museum's director said on Wednesday as the museum reopened to visitors.
The Louvre, one of the world’s most visited museums, saw its priceless 19th-century crown jewels stolen in just seven minutes.
Ace Frehley, the original lead guitarist of the legendary rock band Kiss known for its powerful sound, theatrical performances, and signature makeup has died at 74, his family announced Thursday.
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