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Europe Grinds to a Halt as Deep Freeze Triggers Massive Travel Disruptions

                                                   KLM scraps 600 flights in Amsterdam on Wednesday as snow continues A powerful cold snap sweeping across Europe has forced widespread cancellations of flights and trains, with conditions expected to worsen through Wednesday. Heavy snowfall, freezing temperatures, and hazardous travel conditions have already caused days of disruption across the continent, and authorities warn that the situation may deteriorate further. Severe Weather Shuts Down Air Travel Dutch carrier KLM announced it will cancel 600 flights at Amsterdam Schiphol Airport on Wednesday as it struggles with persistent snow and freezing conditions. Schiphol, one of Europe’s busiest hubs, has been heavily affected since Friday, with thousands of flights disrupted and de‑icing operations running around the clock. Officia...
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US holiday retail sales grow 3.1%, down from prior year -Mastercard



US retail sales rose 3.1% between Nov. 1 and Dec. 24, rounding up a majority of the holiday sales for retailers, as shoppers looked for last-minute Christmas deals amid big promotions, a Mastercard report showed on Tuesday.

The increase is lower than the 3.7% growth Mastercard forecast in September, and has slumped from last year’s 7.6% as higher interest rates and inflation pressured consumer spending. Sales in the apparel and restaurant categories rose 2.4% and 7.8%, respectively, during the holiday shopping period, according to the Mastercard Spending Pulse report, while sales of electronics fell 0.4%.

Ecommerce sales grew at a slower pace of 6.3% from last year’s 10.6% as the popularity of online shopping came off pandemic highs, the report showed.

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