Housing prices are rising at a faster rate than they have in the preceding 17 years
According to Nationwide chief economist Robert Gardner, housing values remain “close to a record high” in relation to normal incomes, which “makes it even difficult” for first-time buyers to find their dream home. House prices in the United Kingdom grew 13.4% year over year, according to Nationwide. In a BBC interview, he discussed how the […]
Nespresso not raising coffee prices yet, sees slow demand from offices
Nespresso, the premium coffee division controlled by Nestle SA (NESN.S), has not increased prices for its capsules yet despite a sharp increase in benchmark prices for arabica beans, opting to wait and see if the upward trend is sustainable over time.
eCom Scotland’s investments in digital skills professionals pay off
In the light of growing demand for its products and services – taking its current turnover beyond pre-pandemic levels – the digital learning and assessment specialist, eCom Scotland is continuing growing its investment in skilled digital skills professionals.
Oil prices rise as demand improves, supplies tighten
Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.
Inditex ignited by post-lockdown clothing binge
Spanish fast fashion giant Inditex (ITX.MC) said sales in May and so far in June were twice as high as in the same period last year as customers splashed out on post-lockdown shopping sprees.
Four ways to relaunch your career after a pandemic year
If you knew Assane Savadogo before the pandemic, you might not recognize him now.
Australia’s economy booms to pre-pandemic levels as consumers, businesses spend
Australia’s economy raced ahead last quarter as consumers and businesses spent with abandon, lifting output back above where it was last year when pandemic lockdowns tipped the country into its first recession in three decades.
World stocks hit another record, oil up in big data week
Global stocks again hit a record high and oil rose on Tuesday, as markets shrugged off concerns about rising inflation and looked ahead to U.S. data later in the week that should offer a major clue to the health of the world economy.
U.S. weekly jobless claims drop sharply; second-quarter GDP growth unrevised at 6.4 pct
The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy.
