Saturday , 7 February 2026

Recent Posts

UK’s consumer spending jumps most since 2016

Bloomberg UK consumer spending jumped the most since 2016 last month, led by a surge in Internet purchases as bars and restaurants continued to suffer. On-line demand surged 16.2% in July compared with a year earlier, according to a monthly index by Visa and IHS Markit. Total spending rose 2.4%, while hotels, bars and restaurants say an 18% drop. Household …

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Home Depot sales ‘record-breaking’: CEO

Bloomberg Home Depot Inc reported sales growth that was more than double the already brisk rate analysts had been expecting, sending shares higher in early trading. Same-store sales rose 23.4%, sharply beating the estimate for an 11.4% gain from Consensus Metrix. Revenue of $38.1 billion also surpassed expectations. Home Depot Chief Executive Officer Craig Menear called the sales performance “record-breaking.” …

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Indonesia holds rates steady to safeguard weak currency

Bloomberg Indonesia’s central bank left its key interest rate unchanged on Wednesday to shore up support for the sagging currency, and called for close coordination with government to revive Southeast Asia’s largest economy. After 100 basis points of easing so far this year, Bank Indonesia kept the seven-day reverse repurchase rate at 4% Wednesday, as expected by 20 of 25 …

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