Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that retail sales jumped 1% from June to July, the biggest such increase since January 2023, after having declined …
Orders for submarines and fighting vehicles have boosted sales at BAE Systems to £30bn so far this year, the company has said. BAE’s bookings so far this year include £3.9bn towards the next phase of the Royal Navy’s nuclear-powered attack submarines, which are being developed jointly with the US and Australia. Charles Woodburn, BAE Systems chief executive, said: “We are …
