Gloomy outlook for UK retailers

Consumers spend less as festive season nears while German bonds auction flops amid efforts to tackle eurozone crisis.

    Eurozone finance ministers will meet again in Brussels with a hope of finding a way out of the economic crisis spreading.

    However, that hope did not extend to consumers who have been holding on to their cash.

    It was a sentiment that was shared by the markets when, for the first time since the creation of the euro, an auction of German bonds failed.

    Al Jazeera's Tania Page reports from the British capital, London.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Why America's Russia hysteria is dangerous

    Why America's Russia hysteria is dangerous

    The US exaggerating and obsessing about foreign threats seems quite similar to what is happening in Russia.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months