Consumer-affairs articles
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Heat pump sales plummet on consumers questions
The sale of heat pumps, meant to replace traditional gas-fired central heating boilers, has collapsed this year, due to political uncertainty, low gas prices, and consumer questions, the AD said on Wednesday afternoon. Heat pump makers association DVW says that sales have halved year on year. In the first quarter of 2023, consumers bought 42,000 heat pumps, but in the same period this year, they have only bought 20,000. There is, the DVW told the AD, “a continual brake” on sales growth.
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Huawei consumer boss shifts from CEO to chairman
Huawei reportedly conducted a reshuffle at the top of its consumer business unit, with Richard Yu shifting from CEO to chairman and current COO He Gang taking the helm.
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Consumer Confidence Backtracks for a Third Straight Month
The Conference Board index fell more than expected in April, slumping to its lowest level in nearly two years as inflation continues to dent expectations.