Latest news with #TCB
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
UK LEI declines further in April; CEI edges up: The Conference Board
The Conference Board Leading Economic Index (LEI) for the United Kingdom declined by 0.4 per cent in April 2025 to 74.9 (2016=100), following a similar drop in March. Over the six-month period from October 2024 to April 2025, the LEI contracted by 1.2 per cent, a steeper fall than the 1 per cent decline seen in the prior six months, TCB said in a release. 'The UK LEI continued to slide in April, remaining on a downward trend that started in 2022. This reflected the economic uncertainty in the month, as well as higher inflation and energy costs, and worries regarding escalating trade tensions. The 6-month growth rate of the UK LEI has cooled but remained above the recession threshold,' said Allen Li, associate economist at The Conference Board. Meanwhile, the Conference Board Coincident Economic Index (CEI), which reflects current economic conditions, rose by 0.2 per cent to 108 in April after remaining flat in March. The CEI grew by 1.1 per cent over the same six-month period, slightly slower than the 1.2 per cent increase registered between April and October 2024. 'Overall, the LEI reading suggests that, after a stronger than expected first quarter, economic growth in the United Kingdom will likely moderate in the remainder of 2025. The Conference Board expects UK GDP to grow by 1.4 per cent in 2025 after 1.1 per cent in 2024,' Li added. The UK's Leading Economic Index fell 0.4 per cent to 74.9 in April 2025, extending a downward trend since 2022 amid economic uncertainty, inflation, and trade tensions. The Coincident Economic Index rose 0.2 per cent to 108. The Conference Board expects UK GDP growth to ease to 1.4 per cent in 2025, following 1.1 per cent in 2024, after a stronger-than-expected first quarter. Fibre2Fashion News Desk (HU)
Daily Mirror
04-06-2025
- Business
- Daily Mirror
Switch 2 fans can snap up Zelda: Tears of the Kingdom for the cheapest price
Nintendo's newest console is out tomorrow and we have a tip to get Switch 2 games for the cheapest price around The Nintendo Switch 2 comes out tomorrow, and for many shoppers looking for a great deal on games, there's a way to get them for less. The upgraded new console means a flurry of games are being updated with new features, but this also means a hike in cost. Most stores sell Zelda: Tears of the Kingdom for more than £65, but thanks to a new TopCashback trick, gamers can get it cheaper. For a limited time, TopCashback is offering £15 to shoppers who sign up through this link. That means gamers can get the game for the cheapest price through Argos. Argos is currently selling the game for £64.99 - but thanks to TopCashback, it can be snapped up for less than £50. For this price, shoppers will get the newest Zelda game on the Switch 2 without needing to spend full price and a quick look around makes it cheaper than Amazon and ShopTo. Zelda: Tears of the Kingdom is improved with a bigger and better world - and it's believed it'll run better and smoother on the Switch 2. However, it's still a pricey buy for shoppers to consider, especially if they are buying a new console. That's not all. Shoppers can also pre-order Donkey Kong: Bananza— currently on sale for £64.99—for the same price as well, so there's plenty to choose from. For shoppers looking for alternative deals, Sony has also kicked off its Days of Play sale, offering discounts on PS5 consoles, controllers, and games. The Dualsense Edge Wireless controller can be picked up for £174.99, while the PS VR2 with Horizon: Call of the Mountain for £354.99 is also reduced from £399. Here's a quick rundown of how gamers can get the offer through TopCashback. Get Tears of the Kingdom and other Switch 2 games for cheap To claim the new member bonus, new members of TopCashback need to sign up via this link Search for Argos and click 'Get Cashback Now' Shop for the Belkin power bank on Argos and check out as usual Cashback will then track and appear in your TopCashback account within seven working days of your purchase For new TCB members and new Argos customers, gamers will pay £48.37 after cashback and for new TCB members and existing Argos customers, gamers will pay £49.45 in total. Meanwhile, fans can read just what our gaming experts thought of Tears of the Kingdom in their review right here. Shoppers looking to pre-order the Switch 2, might be in luck, as retailers will be releasing the console tomorrow with leftover stock for shoppers looking to snap it up. We recently wrote about last-minute pre-orders for the console right here, however, here's a full list of stores to keep an eye on for Switch 2 stock for the June 5 release date. Very Amazon Nintendo Store Currys GAME Argos The Game Collection ShopTo EE
Business Recorder
31-05-2025
- Business
- Business Recorder
First flight of Malaysia's budget airline AirAsia X arrives in Karachi
KARACHI: The first flight of Malaysia's budget airline AirAsia X arrived in Karachi late last night, where it received a traditional water salute from the Pakistan Airports Authority. A reception ceremony was organized by AirAsia to mark the occasion at Jinnah International Airport. TCB CEO Khawaja Ali Kamal Majeed welcomed the arriving passengers, and a cake-cutting ceremony was also held to commemorate the event. A total of 298 passengers arrived in Karachi on this inaugural flight from Kuala Lumpur, while 315 passengers departed on the return flight. TCB CEO Khawaja Ali Kamal Majeed and the Consul General of Malaysia welcomed the arriving passengers at the airport and later bid farewell to the departing ones. TCB serves as the General Sales Agent (GSA) for AirAsia in Pakistan. Speaking to the media, the company's CEO, Khawaja Ali Kamal Majeed, stated that AirAsia X is a leading Malaysian airline, and its entry into the Pakistani market marks a positive development for the country's aviation industry. He further stated that AirAsia X has started four weekly flights initially to Karachi, and flights to Lahore and Islamabad will soon be starting. The arrival of AirAsia in Pakistan is being greeted as the start of a new age for the domestic travel sector, which is likely to not only reduce travel expenses but also increase tourism and enhance business relations. Copyright Business Recorder, 2025
Fibre2Fashion
30-05-2025
- Business
- Fibre2Fashion
China's LEI & CEI slip again, raising economic concerns: TCB
China's economic outlook showed further signs of moderation as The Conference Board (TCB) Leading Economic Index (LEI) fell by 0.3 per cent in April 2025 to 149.2 (2016=100), following an identical decline in March. China's economic outlook softened as the LEI fell 0.3 per cent in April 2025, marking a 1.3 per cent drop over six months due to weak consumer sentiment, logistics, and export orders. The CEI also declined 0.7 per cent, signalling weaker current activity. However, easing US-China tariffs and new monetary measures may support growth, with 2025 GDP forecast at 4.5â€'5.0 per cent. Over the six months from October 2024 to April 2025, the LEI dropped by 1.3 per cent, easing from a steeper 1.7 per cent fall in the previous six-month period. 'For at least 6 months, the month-on-month declines in the LEI have primarily been driven by persistent weakness in three components: consumer expectations, logistics prosperity index and new export orders in manufacturing. The new export orders fell to a reading last seen in 2022, likely because of the steep US tariffs first imposed in early April,' Malala Lin, economic research associate, at The Conference Board said in a release. Meanwhile, the Coincident Economic Index (CEI), which reflects current economic conditions, declined by 0.7 per cent to 152.4 in April, partly reversing March's 1.7 per cent gain. CEI growth over the recent six-month period slowed markedly to 0.7 per cent, compared to 4.0 per cent in the preceding six months. 'However, not captured in this latest LEI reading, most recently, the US and China have reached an agreement to de-escalate tariff impositions, which could alleviate pressure on export driven sectors of China's economy. Additionally, 10 coordinated monetary policy measures were launched in early May to mitigate the impacts of trade tensions. While the negative LEI growth rates still signal headwinds ahead, these extensive monetary actions are expected to support growth going forward. Overall, The Conference Board currently forecasts annual real GDP growth at between 4.5 per cent to 5.0 per cent in 2025,' Lin added. Fibre2Fashion News Desk (HU)
Fibre2Fashion
26-05-2025
- Business
- Fibre2Fashion
Euro area LEI declines in April, CEI steady; GDP to rise at 0.9%: TCB
The Conference Board Leading Economic Index (LEI) for the euro area declined by 1.0 per cent in April 2025 to 99.9 (2016=100), marking its second consecutive monthly drop following a 0.4 per cent fall in March. The euro area's Leading Economic Index fell 1.0 per cent in April 2025, driven by weakened consumer confidence and sector expectations post-US tariff announcement. The six-month LEI decline slowed to 2.9 per cent. The Coincident Index was unchanged in April, with 0.8 per cent growth over six months. The Conference Board forecasts 0.9 per cent euro area GDP growth for 2025. Over the six-month period from October 2024 to April 2025, the LEI contracted by 2.9 per cent—an improvement compared to the steeper 3.7 per cent decline during the prior six-month span, the TCB said in a release. 'The euro area LEI fell at a steeper rate last month, in the wake of the US tariff announcement on April 2nd. All non-financial components weighed on the Index. In particular, consumer confidence declined while expectations in the service and manufacturing sector weakened,' said Stephanie Guichard, senior economist, at The Conference Board. Meanwhile, the Conference Board Coincident Economic Index (CEI) for the region remained unchanged in April at 110.0, after registering a 0.3 per cent increase in March. The CEI posted a 0.8 per cent rise over the latest six-month period, accelerating from 0.3 per cent growth recorded between April and October 2024. 'Taking into account the impact of US tariffs, the high level of uncertainty and the persistence of geopolitical tensions, The Conference Board projects euro area's real GDP to grow by 0.9 per cent in 2025,' Guichard added. Fibre2Fashion News Desk (HU)
