Economic News Headlines

UK retail sales slide in first quarter after March snow

British shoppers stayed home in March as they felt the chill from the 'Beast from the East', leading to the biggest quarterly fall in retail sales in a year and weighing on first-quarter economic growth, official figures showed on Thursday.

China says ready to deal with any fallout from U.S. trade row

China is well prepared to handle any negative effects from its trade dispute with the United States, the commerce ministry said on Thursday, adding that Beijing's tariff hikes on U.S. imports will not have a big impact overall on its domestic industries.

Trump, Japan's Abe agree to intensify trade talks

U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe said on Wednesday they had agreed to intensify trade consultations between the two longtime allies, with an aim to expand investment and trade between their countries.