FILE PHOTO: Crude oil storage tanks at the oil hub

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FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford/File Photo

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U.S. retail sales fall as spending shifts back to services; producer prices rise

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WASHINGTON (Reuters) – U.S. retail sales dropped more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic.FILE PHOTO: People shop for clothes at a Target retail chain in Westbury, New York, U.S., May […]
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Feed the hamster: German retailer asks students to restock shelves

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BERLIN (Reuters) – A German supermarket chain called on Monday for students whose universities have shut due to the coronavirus crisis to help it refill its shelves after shoppers stockpiled many essential goods, known as “hamstering” in German. People across Europe have been panic-buying goods from toilet rolls to paracetamol as governments apply ever more […]