• Wednesday, April 24, 2024

Business

Summer of spending

By: Eastern Eye Staff

by NADEEM BADSHAH WORLD CUP AND HEATWAVE HELP TO BOOST RETAILERS’ PROFITS ASIAN shopkeepers are celebrating a hat-trick of boosts to their trade – the heatwave, the World Cup and India’s cricket tour of England. The UK economy has benefited by an estimated £1.6 billion alone from the football tournament in Russia, which saw the England team defy their critics to reach the semi-finals, thanks to spending on flat-screen TVs, food and drink. Another factor has been the sunny spells which are forecast to last until the end of August. And traders are expecting the increase in sales of snacks and…

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