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Royal accounts show that a change in monarchs, double-digit inflation and ongoing costs of renovating Buckingham Palace contributed to a 5% increase in publicly funded spending by Britain’s royals LONDON -- A change in monarchs, double-digit i NFL ation and ongoing costs to renovate Buckingham Palace contributed to a 5% increase in public ly funded spending by Britain's royal s, according to accounts published Thursday. The palace's annual Sovereign Grant report showed that net spending was up 107.5 million pounds ($135 million) in the past year. It also said that King Charles III was behind a “concerted effort” by royal staff to turn down the heating at Buckingham Palace and other royal homes during the winter to cut emissions and costs. Temperatures were set at 19 degrees Celsius (66 degrees Fahrenheit) — and a few degrees lower when rooms were empty, officials said. The report also confirmed that Prince Harry and his wife, Meghan, have vacated their former home of Frogmor...

As inflation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending, while the lower-income shopper continues to cut back their purchases, according to the latest batch of earnings reports NEW YORK -- As i NFL ation on necessities like groceries remains stubbornly high, the well-heeled consumer appears to still be spending , while lower-income shoppers continues to cut back their purchases, according to the latest batch of earnings reports. Ralph Lauren Corp., which sells $300 sweaters and $500 handbags, reported a surprise increase in revenue in the latest fiscal quarter, while Dollar Tree cut its annual profit outlook on shoppers' increased focus on groceries and other necessities. Groceries carry a lower profit margin compared with general merchandise like clothing. The dollar chain's profits were also hit by an increased level of so-called shrink — an industry term for inventory loss, including theft. Dollar Tree'...