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Econet Zimbabwe FY results hit by weak consumer spending

2016-06-02 09:17:00| Telecompaper Headlines

(Telecompaper) Zimbabwean operator Econet Wireless said revenue in the year to 29 February fell 14 percent and net profit dropped 42 percent, as cash and foreign currency shortages have depressed consumer spending. The lack of cash has boosted its EcoCash mobile money service, though.

Tags: results hit consumer spending

US consumer confidence dips but spending rises

2016-06-01 13:53:00| Daily apparel & textile news and comment - from just-style.com

The US retail environment was a somewhat mixed picture last month as consumer spend reached a seven-year high but confidence dipped, new figures show.

Tags: consumer confidence spending rises

US consumer spending jumps in April

2016-05-31 17:42:07| BBC News | Business | UK Edition

Americans' willingness to open their wallets shot to a seven-year high in April, but confidence in the US economy fell in May.

Tags: april consumer spending jumps

Report: Italys navy spending to decline over the next five years

2016-05-27 01:00:00| Naval Technology

Italy's cumulative spending on navy is expected to decline to $11.1bn over the next five years, compared to $12.1bn during the five-year period between 2012 and 2016, according to a report by Strategic Defence Intelligence (SDI).

Tags: years report spending decline