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LONDON: British retail sales bounced back weakly in December as shops in England emerged from November's four-week lockdown to slow the spread of COVID-19, while public borrowing this financial year has hit a fresh record high.
Immediate financial assistance packages being sought
LONDON: U.K. travel, leisure and retail shares slid on Monday after several countries closed their borders with Britain due to the spread of a mutated version of the coronavirus, and the government announced new social restrictions. Stay-at-home stocks, meanwhile, got a boost.
After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope.
Online sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But many retailers, from department store chain Macy's Inc to essential retailer Target Corp, are grappling with higher expenses related to e-commerce.
The country's charitable sector, worth billions of pounds, has seen its revenues collapse in the roughly three months since the virus prompted the unprecedented restrictions.
LONDON: British retail sales rebounded much more strongly than expected last month as the country gradually relaxed its coronavirus lockdown, but public borrowing hit a record high and debt passed 100% of economic output.
(Reuters) - Less than four months after a 57-year-old California woman died and was later found to be the country's first COVID-19 fatality, the coronavirus U.S. death toll topped 100,000 people on Wednesday, according to a Reuters tally.