Source link The sector recorded a 1.7% drop during the Christmas season alone, official statistics show German retail sales saw a sharp drop in 2023, according to preliminary data released on Wednesday by Germany’s Federal Statistical Office (Destatis). In price-adjusted terms, sales in the sector were down 3.3% from 2022 and 3.9% from 2021, a […]
Source link Revenues generated by Egypt’s Suez Canal saw a 40% year-on-year decline in the first eleven days of 2024, canal authority head Osama Rabie said earlier this week. Ship traffic through the maritime artery connecting the Mediterranean and the Red Sea dropped 30% between January 1 and January 11 compared to the same period […]
Source link Sanctions have pushed Moscow towards expanding cooperation with Asia and the Middle East Russia’s trade with ‘unfriendly’ countries has dropped threefold since 2021 and is on course for a further decline, according to a report from the Russian Center for Strategic Research (CSR) published on Saturday. The term ‘unfriendly’ refers to Western countries […]
Source link Savings in non-ruble accounts are at their lowest level in a decade, according to the central bank Non-ruble savings of Russian households have dropped to their lowest level in more than a decade, according to the country’s central bank. The share of foreign currency in savings on Russian private accounts has been declining […]
Source link The e-commerce giant had previously scrapped plans to spin off its cloud business over US chip export restrictions Chinese tech stocks in Hong Kong plummeted on Friday shortly after a massive decline in Alibaba Group shares that followed the online retailer’s announcement to scrap plans to spin off its cloud business. Alibaba Group’s Hong Kong […]