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Retail sales rose for the first time in six months during October, according to official figures, suggesting shoppers started their hunt for Christmas gifts early as pressure intensifies on household budgets. The Office for National Statistics (ONS) reported a 0.8% increase in volumes last month compared to September – with clothing among categories leading the
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10:36 AM ET D’Arcy MaineESPN.com Earlier this month, tennis player Peng Shuai accused Zhang Gaoli, a former high-ranking Chinese government official, of sexual assault. Peng wrote, in a lengthy social media post, that Zhang had forced her to have sex despite repeated refusals. The post was removed within 20 minutes from her verified account on
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The government was not “fully prepared” for the “wide-ranging impacts” of the coronavirus pandemic, according to a new report, which found that Brexit both helped and hindered preparations for future crises. There was a lack of detailed plans for shielding, job support schemes and school disruption, the National Audit Office found. According to the watchdog,
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It may be evidence inflation is meaningfully stretching budgets. According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season. “There’s still this narrative that the rebound is there,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. “The hope
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The eastern leg of HS2 has been scrapped and plans for Northern Powerhouse Rail have been downgraded, Grant Shapps has confirmed. The transport secretary told MPs that a new £96bn Integrated Rail Plan for the north and the Midlands will instead deliver “faster” train journeys both earlier and cheaper than the original HS2 plans would
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