Germany’s consumer confidence is set to erode again in October, as households turned more cautious on spending amid persistently high inflation and little chance of improvement in the economic outlook, resulting in a sharp rise in their saving intentions, results of the monthly survey by the market research group GfK […]

Swedish retailer Hennes & Mauritz AB or H&M Group (HNNMY.PK,HMRZF.PK,HEN.L) reported Wednesday a surge in third-quarter profit amid absence of last year’s hefty charge, increase in net sales and weak expenses. Further, the board of directors has decided to buy back the company’s own B shares for 3 billion kronor […]

Save articles for later Add articles to your saved list and come back to them any time. Rents are likely to keep rising for the rest of this year with little chance of relief in 2024 as strong population growth outstrips the supply of new houses and units, property experts […]

Save articles for later Add articles to your saved list and come back to them any time. This article originally appeared in Refinery29 Australia. Welcome to Money Diaries, where we ask real people how they spend and save their money during a seven-day period, tracking every last dollar. Anyone can […]

UK retail sales expanded in August on food and non-food store sales after wet weather hit footfall in July, official data showed on Friday. Retail sales posted a monthly growth of 0.4 percent, in contrast to the 1.1 percent decline seen in July. Nonetheless, sales volume was slightly weaker than […]

The Bank of England and the Swiss National Bank are widely expected to make a final quarter-point rate hike after the US Federal Reserve decided to keep the benchmark rate unchanged on Wednesday. The Bank of England is set to end its tightening cycle with a final quarter point rate […]

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits edged up by less than expected in the week ended September 9th. The report said initial jobless claims crept up to 220,000, an increase of 3,000 from the previous week’s revised level of 217,000. […]

Germany’s residential construction sector crisis continued to intensify in August with the number of project cancellations hitting a new high, mainly due to rising costs and higher interest rates, a survey from the ifo Institute revealed Tuesday. In August, 20.7 percent of companies reported canceled housing projects, up from 18.9 […]

Germany’s economic sentiment unexpectedly improved in September as interest rates are estimated to have peaked in the euro area and the U.S., but financial market experts’ assessment of the current situation turned more pessimistic, survey data from the ZEW-Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of […]

Save articles for later Add articles to your saved list and come back to them any time. Mortgage offset accounts are promoted as one of the most effective ways to reduce interest costs, but they often have higher interest rates and the majority come with fees. Money held in an […]