Counting Germany’s ‘Invisible’ Black Population For The First Time

When Nana Addison pitched a business to help black people in Germany find styling services tailored to their hair and skin type, she knew from personal experience there was a market, but couldn’t prove it. Since Germany hasn’t collected information on the ethnic or racial background of its residents since the end of World War … Read more Counting Germany’s ‘Invisible’ Black Population For The First Time

Google Sued for Secretly Amassing Vast Trove of User Data

Google surreptitiously amasses billions of bits of information –every day — about internet users even if they opt out of sharing their information, three consumers alleged in a proposed class action lawsuit. “Google tracks and collects consumer browsing history and other web activity data no matter what safeguards consumers undertake to protect their data privacy,” … Read more Google Sued for Secretly Amassing Vast Trove of User Data

Live: Shanghai’s global gourmet festival boosts catering consumption

As part of months-long shopping festival designed to encourage consumer spending which has slowed due to the coronavirus outbreak, the city of Shanghai has announced an exciting event for food lovers: more than 2,000 restaurants and 300 catering brands from 42 countries are participating in a global gourmet festival, which kicks off today with a … Read more Live: Shanghai’s global gourmet festival boosts catering consumption

U.S. consumer spending tanks while savings hit high

The high savings rate could mean Americans will spend more in the second half of the year. Insights via @CME Group : https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at … Read more U.S. consumer spending tanks while savings hit high

U.S. consumer confidence nudged up in May on reopening optimism

The data adds to signs the economy is recovering from the impact of Covid-19. Insights via @CME Group : https://openmarkets.cmegroup.com/quicktake?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm QUICKTAKE ON SOCIAL: Follow QuickTake on Twitter: twitter.com/quicktake Like QuickTake on Facebook: facebook.com/quicktake Follow QuickTake on Instagram: instagram.com/quicktake Subscribe to our newsletter: https://bit.ly/2FJ0oQZ Email us at quicktakenews@gmail.com QuickTake by … Read more U.S. consumer confidence nudged up in May on reopening optimism

Australian shares jump to 11-week high as investors hope for COVID-19 recovery | Finance Report

The Australian share market jumped to a fresh 11-week high, as investors continue to be fairly optimistic about the economic recovery from coronavirus. Consumer sentiment has rebounded, though it remains below the long-term average, and tourism stocks have seen a bump after the Treasurer signalled there could be more government assistance. Read more here: https://www.abc.net.au/news/2020-05-26/asx-11-week-high-covid19-coroanvirus-economic-recovery/12285702?section=business … Read more Australian shares jump to 11-week high as investors hope for COVID-19 recovery | Finance Report

Chinese authorities to accelerate building of 5G network, internet of things

China’s top political planners explained the country’s economic policies for the rest of the year. Officials said the first four months of 2020 witnessed an increase in online retail sales volume by 8.6 percent year on year, which accounted for over 24 percent of the overall consumer goods consumption. Deputy Director of the National Development … Read more Chinese authorities to accelerate building of 5G network, internet of things

Negative Interest Rates Do More Damage Than Good: Sentance

May.21 — Andrew Sentance, senior adviser at Cambridge Econometrics and former MPC member of the Bank of England, discusses the possibility of negative interest rates in the U.K. and what negative rates would do to consumer spending. He speaks exclusively on “Bloomberg Daybreak: Europe.”

Target Posts Weaker Margins Despite Record Q1 Sales

May.20 — Target Corp. posted record sales in the first quarter, but said it’s very hard to get a read on the American consumer as the nation slowly reopens from the coronavirus lockdown. Gross margins narrowed to 25.1%, missing the average analyst estimate and well below the 29.6% turned in the same quarter a year … Read more Target Posts Weaker Margins Despite Record Q1 Sales

Charts that Count: will Covid-19 light the fuse on a debt bomb?

The FT’s US finance editor Robert Armstrong explains how high US consumer debt could fuel the economic crisis caused by coronavirus, causing global ripple effects. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or to suggest … Read more Charts that Count: will Covid-19 light the fuse on a debt bomb?

Coronavirus Q&A: your questions to Mark Drakeford, GP Dr Sarah Jarvis and Chris Choi | ITV News

Coronavirus Q&A: your questions to Wales First Minister Mark Drakeford, GP Dr Sarah Jarvis and ITV News Consumer Editor Chris Choi • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on Facebook: https://www.facebook.com/itvnews/ Follow ITV News on Twitter: https://twitter.com/itvnews Follow ITV News on Instagram: … Read more Coronavirus Q&A: your questions to Mark Drakeford, GP Dr Sarah Jarvis and Chris Choi | ITV News

Iran’s businesses struggle to stay afloat amid COVID-19

The global coronavirus pandemic is having a significant impact on economies around the world. Many years under heavy United States sanctions have forced domestic investment in Iran, which has been good for many local businesses, and domestic brands now dominate this big consumer market. Amid the coronavirus pandemic which has forced millions to stay home … Read more Iran’s businesses struggle to stay afloat amid COVID-19