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US retail sales shrinks for second straight month on consumer caution
US retail sales shrinks for second straight month on consumer caution
Business and Economy
by  AFP

Retail sales in the United States slumped for a second straight month in December, according to data released Wednesday, as consumers grow cautious on economic uncertainty and measures to ease demand bite. But "more recently we think people have become more cautious in the face of increased economic uncertainty and sharply higher borrowing costs," he added. bys/caw

Burberry fashions rising sales despite China slump
Burberry fashions rising sales despite China slump
Business and Economy
by  AFP

British luxury fashion house Burberry, renowned for its handbags and trenchcoats, announced rising sales Wednesday despite a Covid-driven slump in China and tough economic climate globally. Store sales in China tanked 23 percent owing to Covid restrictions that have since eased.

Uber resumes services in Tanzania
Uber resumes services in Tanzania
Business and Economy
by  AFP

Ride-hailing giant Uber has resumed its services in Tanzania, it said on Wednesday, settling a fare dispute with the government. Uber suspended services in the East African country last April after the government introduced legislation capping maximum commission from drivers at 15 percent from the previous 33 percent.