Tag #Consumer Spending

Showing 73 to 84 of 363 results

nbcnews.com
🌐 85% Global Worthiness
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Trump Announces 20% Tariff on Vietnamese Imports, Easing Retail Concerns

President Trump announced a 20% tariff on Vietnamese imports, significantly lower than the initially proposed 46%, providing relief to the retail industry although some executives remain concerned about the impact on consumer spending and economic uncertainty.

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52% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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US Consumer Spending Falls 0.3 Percent in May Amid Tariff Concerns

US consumer spending dropped 0.3 percent in May 2024, marking the first decline since January, due to concerns about tariffs raising prices; this decrease impacted various sectors, including motor vehicles (down 1.8 percent), and is concerning because consumer spending constitutes at least two-third...

Progress

44% Bias Score

No Poverty
cincodias.elpais.com
🌐 75% Global Worthiness
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Nike Shows Signs of Recovery, Stock Surges 11%

Nike reported a net income of \$3.219 billion for its fiscal year ending May 2024, despite a 10% revenue decline, marking a significant improvement and positive investor reaction; the company's CEO attributes the recovery to improved retail partnerships and product development.

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44% Bias Score

Decent Work and Economic Growth
euronews.com
🌐 85% Global Worthiness
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Amazon VP: E-commerce and High Street Retail Can Coexist in Europe

Amidst widespread European retail closures in 2024, Amazon's VP Mariangela Marseglia argues that e-commerce and high street retail can coexist, citing consumer demand and Amazon's role in offering niche products and supporting SMEs; however, she highlights the challenges posed by Europe's fragmented...

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60% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Pop Mart Founder Wang Ning Joins China's Top Ten Billionaires

Wang Ning, founder of Pop Mart, became China's 10th richest person with a $22.7 billion net worth, driven by the global popularity of its Labubu dolls, resulting in a tripling of the company's Hong Kong-listed shares this year.

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48% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Australian Households Face Rising Bills Across Multiple Sectors

Starting July 1st, Australian households face increased costs for energy (up to 9.1 percent in NSW), internet (up to $5 monthly for some Telstra plans), and phone services (up to $4 monthly for some Vodafone plans). These increases are due to rising operational costs for businesses, and increased wh...

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24% Bias Score

No Poverty
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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Post-Gaokao Spending Spree Fuels China's Economy

China's 13.35 million 2024 high school graduates are driving a post-gaokao spending spree on electronics (JD.com reports a 45 percent sales jump), travel (Tongcheng Travel bookings surged 137 percent year-on-year), and personal development, fueled by rising disposable incomes and government subsidie...

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40% Bias Score

Reduced Inequality
usa.chinadaily.com.cn
🌐 85% Global Worthiness
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US Consumer Spending Falls Amid Tariff Worries

US consumer spending dropped 0.3 percent in May 2024, marking the first decline since January, driven by concerns over tariffs raising prices; spending on goods fell 0.8 percent, and motor vehicle purchases declined by 1.8 percent.

Progress

52% Bias Score

Reduced Inequality
cincodias.elpais.com
🌐 65% Global Worthiness
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Mahou San Miguel's Profits Rise Despite Sales Dip

In 2024, Mahou San Miguel, Spain's leading brewer, reported a 5.9% rise in net profit to €114.8 million, and a record EBITDA exceeding €300 million, despite a 1.4% drop in sales volume due to economic factors and weather conditions. The company is expanding into Europe and the US to overcome tariffs...

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32% Bias Score

Responsible Consumption and Production
cincodias.elpais.com
🌐 65% Global Worthiness
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Spanish Textile Trade Stagnates Despite Slight Sales Increase

The Spanish textile trade reported €11.04 billion in sales in 2024, a slight increase from 2023 but far below pre-pandemic levels; this reflects reduced consumer spending and the rise of online retail, leading to nearly 18,200 store closures since 2019.

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48% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
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Spain's High Service Inflation to Continue Through Summer

The Bank of Spain forecasts high service inflation (around 4%) in Spain until summer's end due to increased tourism and leisure spending, exceeding the healthy economic growth rate; despite moderating consumer growth, consumer credit is surging.

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44% Bias Score

No Poverty
pda.kp.ru
🌐 75% Global Worthiness
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Russian Car Loan Applications Plummet Amidst High Interest Rates and Car Prices

Russian car loan applications plummeted almost 50% year-on-year in May, totaling 90,900 due to high interest rates (25-26%), high car prices (average 3 million rubles), and attractive deposit rates. New car sales dropped 15% while used car sales plummeted 65.3%.

Progress

52% Bias Score

Reduced Inequality

Showing 73 to 84 of 363 results