The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
LONDON, July 3 (Reuters) - British shop prices fell in early June for the first time since October last year, an industry survey showed, offering a bit of relief for consumers whose spending has helped the economy during the Brexit crisis.
The British Retail Consortium (BRC) and market research group Nielsen said shop prices fell by 0.1% in annual terms, pushed down by non-food prices, compared with a 0.8% increase in May.
"While the overall fall in prices was small, and food inflation remains steady, it nonetheless represents a welcome break for consumers after several months of inflation," said Helen Dickinson, the BRC's chief executive.
Moderate inflation and rising wages have encouraged households to spend even as they remain worried about the outlook for the economy ahead of Brexit. However, there have been signs recently that consumers have turned more cautious.
The BRC said competition between retailers was also helping households. Prices of clothing and footwear, electrical and other non-food brands were below June 2015 levels, it said.
The BRC warned about a possible hit to the industry from Britain's new Brexit deadline.
"The Oct. 31 deadline also comes at the worst possible time for retail the height of preparations for Christmas and Black Friday, which are peak trading periods, threatening to cause disruption for consumers and businesses, and making further stockpiling of goods almost impossible," Dickinson said.
Tesco, Britain's biggest retailer, warned last month that preparing for a possible disorderly no-deal Brexit in October would be far more problematic than preparations it made for the original planned departure date in March. (Reporting by Navdeep Yadav Editing by William Schomberg)