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Tough trading conditions have eased slightly for the high street in February, according to official figures showing the first increase in sales in three months.
Stock markets saw sharp falls on Friday as investors fret over a potential trade war. This comes after President Donald Trump imposed strict tariffs on many Chinese products.
Hurricanes Harvey, Irma and Maria, an earthquake in Mexico, wildfires in California and a mudslide in Colombia cost the Lloyd’s market £4.5bn in claims, more than double the previous year.
CEO Daniel Ek has told investors that it can become profitable and fend off rivals Apple and Amazon as it announced its shares will begin trading on April 3rd.
Shares tumbled 13% on Thursday after its chief executive said that wintry weather had deterred shoppers from updating their wardrobes.