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...Widely admired for how it weathered the global financial crisis of 2008, it missed the boat when the world moved on, driven by big tech instead of commodities....
...The UK prime minister said he had stabilised the economy, cut taxes in the autumn statement, lowered migration and reduced boat crossings by a third while being “on track” to get debt down and grow the economy...
...Brands tended to sell the latest, most expensive luxury items in their flagship duty-paid stores in mainland China and Europe, he said....
...Financial markets closed Japan: February supermarket and department store sales figures Malaysia, Singapore: February consumer price index (CPI) inflation rate data Taiwan: February industrial output...
...Sunak has set great store by his five pledges, first announced more than a year ago, which suggested he would halve inflation, grow the economy, get debt falling, cut NHS waiting lists and stop small boats...
...The TCA handed the UK control of its territorial waters but EU boats retained much of their access to their traditional fishing grounds within them....
...“Despite the softer than expected data, retail sales still added almost 0.1 percentage points to real GDP growth in Q1,” he added, helping the economy recover from last year’s technical recession....
...The US dollar is not a tide that lifts all boats....
...countries are now operating from a position of weakness — the US because it is dealing with crises in Ukraine and Israel and can’t afford another escalation elsewhere, and China because its post-pandemic economy...
...Seven stores will close immediately, with more sites to be targeted in the coming weeks....
...Inokim, founded in Israel in 2009, recently closed its store in central London citing the lack of coherent legislation – although that coincided with the London opening of the first overseas store of Milan-based...
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...“The priority for the next Labour government will be growing the economy,” they added....
...“That just reinforces the urgency for Hong Kong to develop a tourist offering because it’s a very important part of the economy,” said Frederic Neumann, chief Asia economist at HSBC....
...A study published in 2020 found that research productivity for the US economy had fallen by a factor of 41 since the 1930s....
...That soon proved a false economy....
...The proposal, which is subject to planning approval, would create a new town centre with a large Asda store, as well as 1,500 homes including 500 affordable ones, and other retail units, in north-west London...
...Postcard from Syros: Riding around the Greek island on a traditional wooden fishing boat offers an experience of a working culture under threat....
...But many boats are exempt because they fish beyond the 12-nautical mile territorial limit....
...a co-ordinator asked inspectors about to enter a flower store in central Athens....
...He failed to beat Liz Truss, he failed to cut waiting lists, he failed to stop the boats and now he has failed to grow the economy.”...
...And in America’s colossal economy, what is true for the whole is rarely true for its parts. The US economy is significantly larger than all other G7 economies — but also its most unequal by income....
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