UK retail sales slide again in October in new blow for economy
People shop on Oxford Street in London, Britain April 10, 2023. REUTERS/Anna Gordon/File Photo Acquire Licensing RightsUK retail sales dip...
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US Fed proposes shrinking fees banks charge on debit card transactions
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...
Britain’s food banks brace for worst winter yet
Volunteers cart food donations from a local food bank through the Carpenters Estate in Stratford in east London, Britain, March...
No let up for rivals as Aldi UK steps up investment
A shopper walks inside an ALDI supermarket near Altrincham, Britain, February 20, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsTo invest...
Factbox: European companies cut jobs as economy sputters
July 25 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs...
Investors to urge UK firms to protect low-paid workers
Low paid disproportionately hit by high inflationLGIM, Aviva and AXA part of campaignInvestor coalition to protest at AGMsFirms including Tesco...
