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UK unveils cost-of-living budget as mass strikes hit nation
UK unveils cost-of-living budget as mass strikes hit nation
by  AFP

Britain on Wednesday unveils a new cost-of-living budget, including more help on soaring energy bills, but the government is set to stand firm on rising public sector pay demands as the country endures a fresh wave of strikes.

Zara owner Inditex posts record profit
Zara owner Inditex posts record profit
by  AFP

Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation. Inditex also overcame a surge in production costs that has hit manufacturers as inflation soared following Russia's assault on Ukraine.

China retail sales up in New Year after Covid reopening
China retail sales up in New Year after Covid reopening
by  AFP

Chinese retail sales rebounded in January and February as Beijing abandoned its suffocating zero-Covid policy, reopening borders and ending mandatory quarantine, and the country celebrated the Lunar New Year holiday. China usually releases January and February economic data together to ensure they are not skewed by the long Chinese New Year holiday.

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