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China Consumption Recovers, Far Off 2019 Levels

China Consumption Recovers, Far Off 2019 Levels

China’s consumption is recovering rapidly from its zero-Covid policy after very negative results in the final quarter of last year. 2022 was one of the country’s slowest years of economic growth in decades. Catering sales fell by a steep 6.3% within a broader decline in retail sales to 43.97 trillion yuan, equivalent to just over […]

Daniela Kirova | 3 minutes | Monday, 30th January

Industry News

China Consumption Recovers, Far Off 2019 Levels

China Consumption Recovers, Far Off 2019 Levels

China’s consumption is recovering rapidly from its zero-Covid policy after very negative results in the final quarter of last year. 2022 was one of the country’s slowest years of economic growth in decades. Catering sales fell by a steep 6.3% within a broader decline in retail sales to 43.97 trillion yuan, equivalent to just over […]

Daniela Kirova | 3 minutes | Monday, 30th January
Adani Group Loses $11B After Damaging Report

Adani Group Loses $11B After Damaging Report

The Adani Group, owned and founded by Gautam Adani, the richest man in Asia and the fourth-richest in the world, struck back at a report accusing the group of accounting fraud and “brazen” stock manipulation, BBC wrote. The group called the report “selective misinformation” and “malicious.” They lost just under $11 billion (£8.7 billion) of […]

Daniela Kirova | 3 minutes | Thursday, 26th January
US Economy Ends 2022 Strong with Lower Inflation

US Economy Ends 2022 Strong with Lower Inflation

The US economy finished 2022 on a strong note with the GDP in the fourth quarter up 2.9% y/y. This is the sum of all goods and services produced in the last three months of the year, CNBC wrote, citing data of the US Commerce Department. Treasury yields and stock market futures were both higher […]

Daniela Kirova | 3 minutes | Thursday, 26th January

Research and Insights

USA ranks as top tee-totaller travel destination as people plot dry January breaks

USA ranks as top tee-totaller travel destination as people plot dry January breaks

With one in seven Brits planning to go alcohol-free in January, many will be looking for other ways to enjoy themselves in the new year. According to Google Trend data, searches for ‘cheap holidays’ almost doubled at the start of January – so MoneyTransfers.com has asked the question, where is best to travel if you […]

Mehdi Punjwani | 3 minutes | Wednesday, 25th January
1 in 2 First Class Travellers Don’t Care About Their Carbon Footprint

1 in 2 First Class Travellers Don’t Care About Their Carbon Footprint

Latest research has revealed that 1 in 2 first-class travellers don’t care what their carbon footprint is – a significantly larger percentage than the 21% of the general Great British population who said the same. Key findings: 1 in 2 British First or Business class travellers don’t care about their carbon footprint: In comparison, just […]

Yasmin Purnell | 3 minutes | Wednesday, 25th January
Dry January: Alcoholic Drinks and Their Alternatives Ranked By Cost

Dry January: Alcoholic Drinks and Their Alternatives Ranked By Cost

In the UK, an estimated 8.8 million adults pledged to commit to Dry January this year. As a result, an estimated 7.8 million non-alcoholic beers will be sold in January by shops and supermarkets, according to the BBPA.  However, if one of the root causes of reducing one’s alcohol in-take is cost – how much […]

Yasmin Purnell | 3 minutes | Wednesday, 18th January