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US retail sales slip more than expected after rush to beat tariffs
US retail sales slip more than expected after rush to beat tariffs
Economy
by  AFP

US retail sales declined more than expected in May, government data showed Tuesday, dragged by a slowdown in auto sales as consumers pulled back after hurrying to get ahead of President Donald Trump's sweeping tariffs. Economists expect it will take a few months for the effects of new tariffs to show up in consumer costs -- and all eyes are on economic data during the summer.

Global oil demand to dip in 2030, first drop since Covid: IEA
Global oil demand to dip in 2030, first drop since Covid: IEA
Economy
by  AFP

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday. Oil demand dropped dramatically in 2020, when countries locked down and shut their borders during the Covid pandemic, falling to 91.7 million bpd before steadily growing again in the following years.