Wednesday , 17 December 2025

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Canadian consumers slow their spending as rates bite

BLOOMBERG Canadian consumers likely slowed down their spending in November after splurging the previous month, as high interest rates restrict household budgets. Receipts for retailers were flat last month, according to an advance estimate from Statistics Canada released. That followed a 0.7% increase a month earlier, slightly below a median estimate of 0.8% in a Bloomberg survey of economists. Still, …

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Alibaba ousts commerce chief, splits assets in shakeup

BLOOMBERG Alibaba Group Holding Ltd replaced one of its most experienced executives at the helm of e-commerce and plans to create a firm to oversee its investment assets around the world, the latest in a series of sweeping changes to roil the once-dominant Chinese online juggernaut. Chief Executive Officer Eddie Wu will replace Trudy Dai, one of an inner circle …

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Festive things to do in uae

DUBAI / GULF TIME The Coffee Club – Festive Menu Throughout December, customers can experience the joy and warmth of the season with an exclusive lineup of festive limited-time desserts and beverages available across all outlets in UAE. Whether you’re a coffee connoisseur or just love a flavourful sip, The Coffee Club’s Pumpkin Spice Latte, Gingernut Latte, Swiss Caramel Latte, …

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