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British retail sales plunged last month at their fastest pace since records began 25 years ago, while a growing number of Britons predicted prices would fall, not rise, next year.

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December 1, 2008

New York – Americans, who had snapped their wallets shut since September, flocked to stores before dawn on Friday to grab deals on goods from televisions to toys on the traditional start of the holiday shopping season, feared to be the weakest in decades.

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December 5, 2008

By Mark Potter

“I’m going to spend less this Christmas. More for the children; less for the adults,” said the retired nurse, bustling empty-handed through the granite and marble splendour of Europe’s newest, and most luxurious, shopping mall. “People aren’t spending. People have lost confidence and they are really saving their money.”

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