glimmer

U.K. retail rebound provides glimmer of light for recession-hit nation

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A general view of a kiosk near Charing Cross station in London, England, on January 20, 2024. (Photo by Alberto Pezzali/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images LONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and suggest that the country’s recession … Read more

Inflation drops sharply in Europe, offering a glimmer of hope

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FRANKFURT, Germany — Inflation that has been plaguing Europeans declined sharply in September, strengthening hopes that consumers will eventually get relief from costlier groceries, vacations and haircuts — and that the European Central Bank won’t have to further restrict the economy by raising interest rates from already-record highs. The annual rate was 4.3% this month, … Read more