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German retail sales higher in January

Frankfurt / AFP German retail sales, a closely watched measure of household confidence, rose in January, suggesting consumer sentiment in Europe’s top economy remains robust, official data showed on Monday. Retailers’ sales expanded by 0.7 percent in January compared with December, the federal statistics office Destatis said in a statement. The previous month, retail sales had risen by 0.6 percent. ...

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Gulf rivals spar over longest flight as growth options diminish

Auckland / Bloomberg A Boeing Co. 777-200LR will touch down in Auckland, New Zealand, on Wednesday after journeying 8,824 miles from Dubai, grabbing the title of world’s longest scheduled airline flight for Gulf carrier Emirates. Not to be outdone, Qatar Airways will this year offer services to Santiago in Chile, some 140 miles further again, as well as its own ...

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Amazon’s UK deal is doubly painful

Bloomberg Amazon chose “leap day” to announce its tie-up with British supermarket chain Wm Morrison. Internet delivery specialist Ocado would no doubt prefer to wipe this particular date from the calendar. The arrival of Amazon on the scene isn’t great for British grocers Tesco, Sainsbury and Wal-Mart’s Asda, who are doing battle with German price-slashers Aldi and Lidl. For Ocado, ...

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