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Finance

Dragons’ Den rejects triple sales ‘overnight’ with ‘risky’

As the hit BBC show Dragons’ Den has returned for its 20th series, many viewers may be wondering have any of the ingenious and inventive ideas from the reality television program have ever been a success story. Brother duo Charlie and Harry entered into the Den in 2016 looking for a £60,000 investment for a […]

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Finance

US retail sales jump in latest sign Federal Reserve may need to

US retail sales increased sharply in January, the latest in a series of hotter-than-expected economic data that may force the Federal Reserve to keep tightening monetary policy for longer to slow the American economy. Retail sales, which include spending on food and fuel, rose 3 per cent last month over December’s levels, the Census Bureau […]

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Canada

Worst January for home sales since 2009, CREA says | CBC News

The Canadian Real Estate Association says home sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago. The drop came as January sales were also down on a month-over-month basis as they dropped three per cent compared with December. CREA says the move lower to […]

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Business

Retail sales jump 3% in January, smashing expectations despite in

Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales increased 2.3%, according to the report, which is not adjusted for inflation. The ex-autos […]

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Canada

Indigo hit by ‘cybersecurity incident’ impacting sales online and

BusinessIndigo Books & Music Inc. says it is dealing with what it calls a “cybersecurity incident” that has affected online customer orders. Sales online can’t be processed and sales in-store limited to cash only CBC News · Posted: Feb 09, 2023 8:19 AM EST | Last Updated: 2 hours ago Indigo has been hit by […]

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Gaming

Nintendo Switch Sales Are On The Decline, But The Console Has Hit

Nintendo has revealed its financial results for the previous nine months, ending on December 31, 2022, and while revenue did experience a dip across the board, the Switch reached a new milestone. Net sales were down 2% year-on-year to $9.4 billion, while mobile and IP-related income dipped by 2.3%, earning Nintendo $295 million from that […]

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Finance

Amazon posts solid sales but softer cloud growth

Amazon posted stronger than expected sales for the 2022 holiday shopping season, but shares fell in after-hours trading on slowed growth for its cloud computing division, AWS. Overall, net sales for the ecommerce group, which has been battling cost-conscious consumers and spiralling costs, were $142.2bn in the three months to December 31, up 9 per […]

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US

YCLUB to Launch First Web3 Superyacht Booking & Sales Marketplace

Founded by internet veterans, e-commerce experts and superyacht industry Leaders, YCLUB’s Superyacht Booking and Sales Marketplace, combines the best of Web2 e-commerce with the speed, capabilities and security of Web3. DUBAI, UAE, Feb. 2, 2023 /PRNewswire/ — YCLUB.io, a Web3 ecosystem for the superyacht industry, is launching the first component of its’ superyacht platform, the […]

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UK

Elkem curtails production capacity at Bremanger in Norway |

Elkem has decided to partially curtail its production at Bremanger in Norway by temporarily shutting down one furnace. This is due to lower silicon sales and high power prices. The decision will have no impact on customers or employees. Elkem’s plant in Bremanger manufactures metallurgic silicon-based products for the world market. For iron foundries, the […]

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Automotive

UK ‘desperately needs’ EV chargers to keep pace with car sales

A new report from the Department for Transport found that the UK is still a long way from its target of reaching 300,000 electric vehicle charging points by 2030. This installation goal was unveiled to coincide with the Government’s incoming sales ban on new petrol and diesel cars from 2030. The data, which was provided […]