BLOOMBERG A growing number of people are buying used clothing, shoes and accessories, propelling the secondhand industry to $177 billion in global sales last year, according to a new report from online thrift marketplace ThredUp Inc. That marks a 28% increase over 2021, thanks to surging inflation, more retailers developing curated secondhand or “resale” offerings, plus increased awareness of sustainable ...

GENEVA / WAM Global trade growth in 2023 is still expected to be subpar despite a slight upgrade to GDP projections since last fall, WTO (World Trade Organization) economists said in a new forecast. Weighed down by the effects of the crisis in Ukraine, stubbornly high inflation, tighter monetary policy and financial market uncertainty, the volume of world merchandise trade ...

BLOOMBERG The UK’s construction industry grew more slowly than expected in March as sliding demand for houses cut into activity across the sector. The Construction Purchasing Managers’ Index from S&P Global fell to 50.7 in March — above the crucial no-change reading of 50 but down from 54.6 in February. It missed economists’ expectations of 53.6. While activity on commercial ...