COVID-19

UK Long-Run Inflation Expectations Hit Record 4.8%, Survey Finds

British households' expectations for average inflation over the next five to 10 years hit a record-high 4.8% in August, more than double&nbs...

Walmart Offers To Buy South African Retailer Massmart

US retail giant Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer for the 47% of Massmart shares it does not already own, a deal Massmart...

Visa Tokens Overtake Payments Giant's Physical Cards In Circulation

Payments giant Visa Inc said it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the...

China's JD.com Beats Quarterly Revenue Estimates

JD.com Inc beat Wall Street estimates for quarterly revenue as lockdowns in China to control the spread of the coronavirus boosted online shopping and the...

China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand

China's soybean imports in July fell 9.1% from a year earlier, customs data showed on Sunday, as poor crushing margins and weaker consumption in the world'...

L’Oréal Bucks Trend With Chinese Sales Growth In Q2

L’Oréal bucked a declining trend for the luxury and fashion industry in China with sales growing in the second quarter despite COVID-19 lockdo...

Shipping Firm CMA CGM To Cut Price For French Retailers

Shipping firm CMA CGM will lower container shipping rates by about 10% for large retailers in France to support government steps to curb inflation, it said...

Walgreens Posts 76% Decline In Profit In Third Quarter

Drugstore chain Walgreens Boots Alliance Inc posted a 76% fall in quarterly profit, hurt by its opioid settlement with Florida and a decrease in US ph...