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Retail spending fell in March as consumers pull back | CNN Business
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4%…
China’s property ‘inventory overhang’ could take more than 10 years to correct, economist says
The site of a real estate building under construction in Huai ‘an city, Jiangsu province, China, December 26, 2023. CFOTO | Future Publishing | Getty Images China is facing the prospect of a long-drawn correction in its property sector, with the overhang in the housing inventory likely to take more than 10 years to clear,…
The Impact of Climate Change on Global Food Systems
Climate change disrupts global food systems by affecting crop yields and livestock productivity. This leads to food insecurity and higher prices. Climate change poses a significant threat to global food systems. Rising temperatures, erratic rainfall, and extreme weather events disrupt agricultural production. Crops suffer from heat stress and water shortages, reducing yields. Livestock face health…
Euro zone inflation rebounds in December, fueling rate-cut debates
Shoppers at delicatessen market stall in Milan, Italy, on Thursday, Dec. 28, 2023. Bloomberg | Bloomberg | Getty Images Headline inflation in the euro zone jumped to 2.9% in December, up from 2.4% the previous month, though core inflation continued to ease, according to data released Friday by Eurostat. The annual print was a little…
A floating village is stranded on a dry lakebed as extreme drought grips the Amazon | CNN
CNN — A floating village now lies stranded on a lakebed in Brazil’s Amazon as severe drought leaves communities struggling to access food, fresh water and fuel. Dramatically receding water levels in Lake Puraquequara, east of Manaus, the capital of the state of Amazonas, have left boats and floating buildings marooned in the mud. It…
Apple’s Vision Pro headset could sell out quickly at launch, top analyst predicts
Tim Cook, CEO of Apple, beside an Apple Vision Pro mixed reality headset during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, on June 5, 2023. Philip Pacheco | Bloomberg | Getty Images Apple’s Vision Pro virtual reality headset could be difficult to buy at launch, TF International Securities analyst Ming-Chi…
