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Consumer
UK Inflation Hits 9.4% As Cost Of Living Crisis Deepens
According to the Office for National Statistics (ONS), UK inflation jumped to 9.4% in the 12 months to June from 9.1% in May, hitting a renewed 40-year high and placing further pressure on households.
Deliveroo Slashes Sales Outlook Amid Cost Of Living Squeeze
Food delivery giant Deliveroo has slashed its annual sales outlook after revealing demand for its takeaways has slumped amid the cost of living squeeze.
Lockdowns In China Limit Burberry’s Sales Growth To 1% in Q1
According to Burberry’s most recent figures, ongoing coronavirus restrictions in China have limited the luxury brand’s sales growth considerably in the first quarter of the year.
US Inflation Is Rising Quicker Than Expected
In June, the Consumer Price Index (CPI) jumped 1.3% compared to the 1% increase seen in May, serving as a clear sign that inflation is still running rampant.
Digital Bank Fraud Detection And Prevention: Are Users 100% Safe Now?
The fintech wave and the open-source movement are assisting banks in going digital. These trends have obviously benefited both banks and their clients.
