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☆ British retail rebound provides some hope for recession-hit economy
▼ + stars: | 2024-02-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

(Photo by Alberto Pezzali/NurPhoto via Getty Images)LONDON — Stronger-than-expected January retail sales provided a glimmer of light for the struggling British economy on Friday — and suggest that the country's recession will be short-lived, according to some economists. Sales rebounded by 3.4% from December, according to the Office for National Statistics, the strongest monthly gain since April 2021. The latest figures follow the news of Thursday that the British economy entered a technical recession in the final quarter of 2023. British retail sales meanwhile remain 1.3% below their pre-pandemic level from February 2020, according to the ONS. Kris Hamer, director of insight at the British Retail Consortium, said two months of higher sales volumes over the last three months were "promising" after 19 months of decline.

Persons: Alberto Pezzali, Joe Maher, Maher, —, Kris Hamer, Hamer, Kallum Pickering, Pickering Organizations: Charing Cross, Getty, Office, National Statistics, Reuters, Gross, Capital Economics, British Retail Consortium Locations: Charing, London, England, –

London CNN —Britain’s King Charles III has been diagnosed with cancer and will step back from public-facing duties while he undergoes treatment, Buckingham Palace announced Monday. The update came after Charles, 75, attended a London hospital for a corrective procedure for an enlarged prostate last month. Tests were carried out and revealed a “form of cancer,” the palace said in a statement on Monday. A royal source told CNN that the form of cancer detected was not prostate cancer, but did not specify further. Alberto Pezzali/APThe royal source added that the King returned from Sandringham on Monday morning to begin outpatient treatment in London.

Persons: London CNN — Britain’s King Charles III, Buckingham, Charles, Queen Camilla, Camilla, Alberto Pezzali, King, “, ” Buckingham, ”, Queen Elizabeth II, Prince William, William, Prince of Wales, Prince Harry, Duke, Duchess of, Rishi Sunak, he’ll, ” Sunak Organizations: London CNN, CNN, London Clinic, Sandringham, CNN’s Royal Locations: London, Regent’s, Sandringham , Norfolk, Kensington, Duchess of Sussex

WINDSOR, England — Prince William, Prince Harry and their spouses reunited at Windsor Castle on Saturday afternoon, appearing to put aside their rift to pay tribute to their late grandmother, Queen Elizabeth II. Princes William and Harry, as well as Catherine, Princess of Wales, and Meghan, Duchess of Sussex, paused at a large flower memorial for the queen, stopping to read handwritten notes and admire the bouquets that mourners had left throughout the day. Prince William and Catherine, Princess of Wales, left, and Prince Harry and Meghan, Duchess of Sussex, view the floral tributes for the late Queen Elizabeth II outside Windsor Castle, in Windsor, England, on Saturday. Prince William, left, and Prince Harry talk after viewing the floral tributes for the late Queen Elizabeth II outside Windsor Castle in Windsor, England, on Saturday. She didn't reveal who made the comments as it would be “very damaging to them.”The couple had frequently criticized media tabloids over their coverage of Meghan.

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