Chinese travellers thronged transport networks Friday as an eight-day national holiday kicked off, the first October break since the end of the strict zero-Covid policies that separated families and hammered the tourism industry.
Chinese travellers thronged transport networks Friday as an eight-day national holiday kicked off, the first October break since the end of the strict zero-Covid policies that separated families and hammered the tourism industry.
Britain's annual inflation rate remained unchanged in January from the previous month, confounding expectations for an acceleration, official data showed on Wednesday. Analysts said Wednesday's data showed that the central bank could decide to cut its main interest rate from 5.25 percent in the coming months.
Most Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut. In that case, it's unlikely that the Federal Reserve will cut interest rates in May."
Dutch brewer Heineken on Wednesday reported a drop in annual profits as beer volumes declined in "challenging market conditions" including high inflation. In its home market of the Netherlands, the Dutch brewery association said that beer sales overall fell by more than five percent in 2023 due to poor summer weather and inflation.
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