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UK retail sales mask outlook concerns

  Bloomberg Such is the state of the UK consumer that even seemingly positive data can reveal bad news about the economy. After a week of grim reports showing inflation at a four-decade high and consumer confidence at the lowest level since at least 1974, a release showing retail sales unexpectedly rose in April appeared to buck the trend. The ...

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Biden struggles to woo Asian nations wary of upsetting China

Bloomberg Joe Biden talked at length as a presidential candidate about the need to focus on China’s rising global power. Yet 17 months after taking office, Asian leaders are still waiting for details on a strategy for more US economic engagement in the region. Before Biden touched down in South Korea, many officials in the region have struggled to understand ...

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Australia’s election enters final days with tight result likely

  Bloomberg Australia’s six-week election campaign has entered its final days with polling showing a narrow victory likely for the center-left opposition Labor Party, but an unexpected result in 2019 is still hanging over both sides ahead of voting on Saturday. PM Scott Morrison and Opposition leader Anthony Albanese are rushing to visit must-win seats across the country, with Morrison ...

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