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British income squeeze shows in spending, house-price decline

Bloomberg The latest signs are in that British households are coming under increasing pressure from surging inflation. Consumers curbed their spending for the first time in five years in 2017, according to a survey from Visa, while a squeeze on incomes was flagged by Halifax as a contributing factor to a decline in house prices in December 2017. The reports ...

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German factory orders slump in 2017 but economy continues upward trend

Bloomberg German factory orders fell in November 2017 as demand for investment goods dropped, though the Economy Ministry said the trend remains upward. Orders, adjusted for seasonal swings and inflation, slid 0.4 percent after a revised 0.7 percent gain in October, the ministry said on Monday. While the decrease snapped three month of gains, the number is typically volatile and ...

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Uber’s rivals muscle in to lure passengers, regulators in Europe

Bloomberg Uber Technologies Inc.’s rivals are stepping up the battle for ride-sharing dominance in Europe, with local startups raising funds and global adversaries increasing contact with local regulators as they seek to gain a toehold in the region. Taxify OU is looking to raise $50 million in the first quarter to fund expansion plans, according to a person familiar with ...

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