Category: Slowdown
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Dollar set for weekly drop on US slowdown signs By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The dollar headed for its biggest weekly decline against the euro in two-and-a-half months on Friday as signs of slowing inflation and a slowing U.S. economy raised the prospect of an interest rate cut. The euro rose 0.9% against the dollar this week,…
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Mulberry Faces Sales Decline Amidst Luxury Market Slowdown
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Mulberry, the British luxury brand known for its exquisite leather handbags, faced a 4% decline in annual sales, reflecting broader trends of lower spending among affluent consumers. Despite growth in international markets, particularly in the US, the company faces challenges in the UK and Asia, reflecting the prevailing decline in…