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US retail sales bounce with online spending boost
US retail sales bounce with online spending boost
by  AFP

US consumer spending rose more than anticipated in July, according to government data released Tuesday, showing resilience even as the economy cools on the back of a boost from online spending. Official data released Tuesday showed that the overall increase came on the back of a 1.9 percent rise at nonstore retailers, while sales at restaurants and bars picked up 1.4 percent from June.

UK's long-term sick pile pressure on economy
UK's long-term sick pile pressure on economy
by  AFP

The number of people not working in the UK due to chronic illnesses has soared since the pandemic, putting pressure on the British economy, analysts said on Tuesday.

UK unemployment climbs as wages grow at record rate
UK unemployment climbs as wages grow at record rate
by  AFP

UK unemployment increased in the three months to the end of June while wages grew at record annual pace, official data showed Tuesday, as the economy struggles with high inflation. The ONS figures also showed that regular pay excluding bonuses was 7.8 percent higher in the three months to the end of June compared to the same period last year.

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