Sliding food prices bring UK inflation into target range by Lans
July 16, 2009, 8:46 am
Filed under: International News

July 15, 2009

By Robert Barr London

Britain’s inflation rate slowed to an annual rate of 1.8 percent last month, at last falling below the official target for the first time in 20 months, official data showed yesterday.
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American retail sales ambush indicates recession has dug in for now by Lans
April 17, 2009, 10:49 am
Filed under: International News, Retail

Retail sales in the US unexpectedly fell last month, as soaring job losses has forced consumers to pull back.

The 1.1 percent decrease followed a 0.3 percent gain in February that was stronger than previously estimated, the Commerce Department said yesterday in Washington.

Car dealers, electronics stores and restaurants led the decline.

Less consumer spending heading into the second quarter means that the recession is likely to persist.

“While the March data isn’t enough to make us rethink expectations that the worst is over, it does serve as a reminder that the road out of this recession might be as painful as the recession itself,” said Guy Lebas, the chief economist with Janney Montgomery Scott in Philadelphia.
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Swinging the other way by Lans
April 17, 2009, 10:45 am
Filed under: International News

The world is changing so quickly that we will soon be suffering from psychological vertigo. Consumer prices in the US fell last month – by 0.1 percent on a monthly basis and by 0.4 percent on an annual basis.
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Zimbabwe’s shops stock up as Harare drops restrictions by Lans
April 14, 2009, 8:18 am
Filed under: International News


There are hopeful signs of recovery in Harare, with shops able to restock now that trading in foreign currency is legal and price controls to rein in inflation have been abandoned.

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Zimbabwe’s shops fill up as foreign currency takes hold by Lans
April 14, 2009, 8:14 am
Filed under: International News

By Ethel Hazelhurst

Two months after getting the official go-ahead to transact freely in foreign currencies, Zimbabweans are seeing previously empty shelves filling up with goods – and prices falling as retailers compete for market share.

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China’s retail sales growth slows by Lans
March 16, 2009, 9:03 am
Filed under: International News

China’s retail sales slowed slightly in the first two months of 2009 as consumers fretted over job security and the faltering economy, though a push to boost spending in rural areas appeared to be taking hold.

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Italian fashion houses lobby for government bailout by Lans
March 5, 2009, 8:57 am
Filed under: International News

By Deepa Babington

Everyone in Italy’s clothing industry is begging for state aid but some of the loudest cries for help are coming from the exclusive haute couture segment known more for sequinned extravagance than humble pleas.

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