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BRC UK retail consortium reported price growth in UK stores in September for the second month in a row. Compared to September of last year, the price index in stores increased by 0.2% after rising 0.1% in the previous month. Prices for food products increased by 1.9%. At the same time, non-food products fell by 0.9% after a decline in prices by 1% a month earlier. BRC Executive Director Helen Dickinson expects further price growth amid high oil prices. She noted that the continuing uncertainty under the terms of Brexit also exerts inflationary pressure.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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