Bloomberg The outlook for the UK’s sovereign debt score has been upgraded to stable by Fitch Ratings, which said that the country’s economy and public finances have proved more resilient to the pandemic shock than the credit assessor had anticipated. Fitch previously had a negative outlook on the UK, but the country avoided being downgraded, with the firm keeping its ...

Bloomberg Polish wages are growing at the fastest pace since 2008, raising concern over a spike in inflation that the central bank said is temporary. Average wages in industrial sector jumped 10.1% in May compared with a year earlier, the Statistical Office said. When Poland last had double-digit wage growth, the central bank’s benchmark interest rate stood at 6%, compared ...

Bloomberg US retail sales declined in May, after a stimulus-related splurge in the prior two months, suggesting consumers are starting to shift more of their spending to services as economy reopens. The total value of retail purchases fall 1.3% in May following an upwardly revised 0.9% gain in April, Commerce Department figures showed. The median estimate in a Bloomberg survey ...