Bloomberg Australian household spending surged by a record last quarter, led by cafes and clothing and footwear stores as Covid restrictions in much of the country were unwound, underscoring the central bank’s contention that economic growth “increased solidly” in the period. Quarterly retail volumes advanced 6.5% in the three months through September, after declining 3.5% in the prior quarter, the ...

Bloomberg President Donald Trump appeared to accept for the first time that Joe Biden had been elected the next president, tweeting on Sunday that the Democrat “won because the Election was Rigged.” “NO VOTE WATCHERS OR OBSERVERS allowed, vote tabulated by a Radical Left privately owned company, Dominion, with a bad reputation & bum equipment that couldn’t even qualify for ...

Bloomberg The leader of the Tigray region said his forces fired rockets at neighbouring Eritrea as the growing regional conflict in Ethiopia spreads beyond its borders. Tigray President Debretsion Gebremichael confirmed the shelling of Eritrea, and said in a text message that the Tigray People’s Liberation Front was fighting 16 Eritrean divisions, without offering proof. He also confirmed a missile ...