Economy

Levi Strauss said its revenues grew more than forecast in the lead-up to the festive season, even as it navigated supply chain woes that wiped out the benefit of Black Friday sales.A shift to casual clothing has boosted demand for Levi’s…
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The billionaire said in a speech at Stanford University's Hoover Institution Monday that President Xi Jinping may not be able to restore confidence in the troubled industry, which has been hit by a series of defaults by developers and…
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Data: Federal Reserve; Chart: Rahul Mukherjee/AxiosFederal Reserve chair Jerome Powell struck a particularly somber note at his press conference earlier this week when he mentioned that one reason the labor market is so tight right now…
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The Omicron variant has dragged UK company growth to its slowest since the lockdowns nearly a year ago. British business activity cooled to an 11-month low in January, led by a slowdown in the services sector, a closely-watched…
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The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts.Tim Graham / Contributor / Getty ImagesThe German housing…
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Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute."Inflation has seen its peak this year, but…
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Illustration: Sarah Grillo/AxiosDollar General's store-on-every-corner strategy is accelerating as consumers seek relief from inflation.Why it matters: Price increases are prompting shoppers to trade down to less expensive products or…
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VIENNA, Dec 14 (Reuters) - The Austrian Mint, one of the world's oldest and biggest producers of gold bullion coins, is unable to keep up with demand as people rush to find a safe haven for their money amid surging inflation and economic…
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Japan’s economy, the world’s third largest, unexpectedly shrank in the three-month period from July to September, as a weak yen and high inflation eroded Japanese consumers’ buying power and sapped businesses’ strength.The economy…
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That caused the Fed to change course late last year — and to do so fairly abruptly.“Inflation really popped up in the late spring last year, and we had a view — it was very, very widely held in the forecasting community — that this would…
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