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More price rises on essential items
Retailers are warning the public to brace themselves for another wave of price increases on essential goods, as hikes dairy products are next in...
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European retailers turn off lights, cut opening hours to save energy
As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours...
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Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker
Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in...
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Health system rocked by conflict-of-interest claims
Cyprus’ General Healthcare System is in turmoil after the head of the Health Insurance Organisation (HIO), Thomas Antoniou, tendered his...
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Paphos football stadium set for revamp
Paphos will soon have its own state-or-the-art football ground, as the football club’s Russian investors are set to take over the town’s Stelios...
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Maersk sees weaker demand for shipping containers this year
Shipping group Maersk (MAERSKb.CO) said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea...
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Summer sales save retailers at malls
Retailers at Cyprus malls are delighted as visits and turnovers are almost 20% higher than those recorded in pre-coronavirus 2019, following more...
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Russian retailer X5 expands in Siberia as investment drive continues
Russian retailer X5 Group (FIVEDR.MM) is stepping up an investment drive with plans to buy controlling stakes in two Siberian companies, open...
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Ban disposable BBQs now says London Fire Chief
London’s Fire Commissioner is calling for a total ban on disposable barbecues following one of the busiest weeks in our history. The...
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How the other half lives: luxury companies thrive
While millions are fretting whether they can afford another $1,000 on energy this year, others are still splashing out on $10,000 Hermes handbags...
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U.S. on the brink of recession as GDP contracts again in second quarter
The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business...
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Morrisons expands global trade with new exporter partnership
It means the supermarket giant can now supply its goods to new retailers in Singapore, Malta, Hong Kong, Cyprus and St Helena ...
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Amazon strikes $3.5 bln deal for One Medical in long march into U.S. healthcare
Amazon.com Inc AMZN.O agreed to buy primary care provider One Medical ONEM.O for $3.49 billion, expanding the e-commerce giant’s...
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Full single-use plastic ban from October
Cyprus will impose an outright ban on single-use plastic items such as cups and straws as of 1 October to reduce pollution. Retailers caught...
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Average annual UK food bill set to rise £454 as inflation soars
UK grocery inflation hit 9.9% in the four weeks to July 10, adding 454 pounds ($543.7) to Britons’ annual bills amid a worsening cost of...
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Britain braces for record temperatures as heatwave ripples across Europe
Britain was heading for its highest temperatures on record and firefighters battled blazes across southern Europe as a heatwave sent people...
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Fans, hoses and air con: heatwave-hit Brits seek relief
Sales of electric fans, hoses, air conditioning units and sprinklers are soaring as Britons swelter amid record temperatures, retailers said....
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US consumer inflation rises to highest annual rate since 1981
US consumer prices surged 9.1% in June, the largest annual increase in more than four decades amid stubbornly high costs for gasoline, food and...
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Consumers tighten spending amid rampant inflation
Cypriot consumers are becoming increasingly conservative in their shopping habits, chasing discounts while opting for cheaper products, say...
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Investors fear earnings season will spark new equities selloff
The upcoming corporate earnings season could prompt another sharp fall in global share prices with profit forecasts looking far too upbeat given...