The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Cost-of-living crisis casts shadow over Europe's Black Friday

News Snapshot:

Summary Summary Companies Consumers battling record inflation Soccer World Cup also a distraction UK transactions up 0.7% vs 2021 so far – Barclaycard Payments Consumers target energy-saving products LONDON, Nov 25 (Reuters) – Europe's retailers are hoping Black Friday discount day will get shoppers spending, though it is taking place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup. Retailers across Europe fear the overall Christmas trading season could be the worst in at least a decade as shoppers cut back, while the costs of doing business show no sign of abating, squeezing…

Other China Tech Buzz: