Economy
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Biden picks Jerome Powell for second term as Fed chair
US President Joe Biden has picked Jerome Powell to lead the Federal Reserve for a second four-year term. In an announcement on…
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Retail footfall increases 4.1% as Christmas trading begins
Footfall across UK retail destinations increased week-on-week in the seven days ended 20 November as the Christmas trading period began in earnest.…
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Ocado surges as Deutsche Bank hints at possible buyout by M&S
Ocado surged to the top of the FTSE 100 on Friday as Deutsche Bank hinted at a possible buyout by Marks &…
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Early Christmas spending boosts retail sales
UK retail sales rose more than expected in October, underpinned by spending on toys and clothes in the run-up to Christmas. According…
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UK borrowing exceeds forecasts as interest costs rise
The UK government borrowed more than expected in October as increased interest payments outweighed higher tax receipts, official figures showed. Public sector…
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UK consumer confidence creeps up – GfK
UK consumer confidence edged up in November despite the rising cost of living but households’ view of their own finances remained weak,…
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Ofwat, Environment Agency launch major probe into sewage treatment works
The Environment Agency and the Water Services Regulation Authority has launched a major investigation into sewage treatment works after new checks saw…
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House prices hit record high in September
UK house prices rose 11.7% on the year in September to a record average high of £270,000, as buyers rushed to get…
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Inflation hits highest level in a decade in October
Consumer price inflation hit its highest level in a decade in October as energy and fuel costs rose, reinforcing expectations of a…
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US homebuilder sentiment improves in November
Sentiment among US housebuilders unexpectedly improved in November amid strong demand, according to figures released on Tuesday. The National Association of Home…
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