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20201 articles published since 08 Mar 2022

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Inflation bites into profits of UK supermarket Tesco
Inflation bites into profits of UK supermarket Tesco
Business and Economy

Britain's biggest retailer, supermarket group Tesco, reported Thursday a halving of annual net profit as soaring inflation hiked costs and reduced the amount of goods sold. - 'Painful grocery inflation' - "Tesco has seen profits take a knock as inflation means struggling customers are picking up fewer items while prices soar," noted Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown.

China exports rise for first time in 6 months: customs data
China exports rise for first time in 6 months: customs data
Business and Economy

China's exports rose in March for the first time in six months, customs data showed Thursday, as the world's second-largest economy continued its economic recovery following the end of onerous coronavirus curbs late last year. Total exports soared 14.8 percent year-on-year, the data showed, a sharp rise from last March when strict virus lockdowns crippled normal economic activity.

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