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UK Retail Sales Plunge 3.2% in December, Raising Recession Fears – Official Data

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UK retail sales plummeted by 3.2% in December, raising fears of a recession, according to official data. The slump, the largest in three years, was largely driven by poor performance in food stores and consumer concerns over the cost-of-living crisis and rising interest rates. The decline in sales volumes could have political implications as the UK enters an election year. Measures such as fiscal stimulus and policies to boost consumer confidence may be necessary to mitigate recession risks.

Yelloh Food Delivery Cuts 750 Jobs and Closes 90 Centers Nationwide, US

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Yelloh Food Delivery announces closure of 90 centers and job cuts, but will continue operations in 18 states with iconic yellow trucks.

US Retailers Plunge as Consumer Credit Deteriorates: Will Student Loan Payments Resumption be the Next Blow?

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US retailers face a plunge as consumer credit deteriorates, raising concerns about the financial health of the industry. What's next for student loan payments?

Dick’s Sporting Goods Faces Multiyear Crisis as Organized Retail Theft Skyrockets

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Discover the growing crisis faced by Dick's Sporting Goods as organized retail theft continues to rise, impacting profits and stock prices.
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BinDawood shareholders approve stock split; par value SAR 1 per share

Stock Market 0
BinDawood Holding Company's shareholders approve stock split to enhance liquidity and attract more investors.

Amazon Vendors Face Suspension for Unwittingly Selling Stolen Goods

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Amazon Vendors: Selling Stolen Goods? | Suspensions and Investigations | Get the Full Story Here

UK Retailers Brace for Further Sales Slump in August

United Kingdom (UK) News 0
UK retailers anticipate further decline in August sales, highlighting challenges for the industry amid rising costs, tight labor market, and uncertain demand. Government support needed.

Tech Rally Continues as Lowe’s Beats Expectations, Macy’s Struggles, and Dick’s Sporting Goods Slumps

Equity Market 0
Lowe's beats expectations, Macy's struggles, and Dick's Sporting Goods slumps - retail sector faces mixed outcomes in tech-led rally.

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Business 0
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Politics 0
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Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US

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Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.

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