Economy

Chinese E-Commerce Giant JD.com Beats Estimates For Quarterly Profit

China's JD.com beat estimates for quarterly profit, helped by a mid-year sales festival and aggressive price cuts that drove more cost-sensitive consu...

Most Global Firms Fall Short In Assessing Their Impact On Nature, Study Finds

A majority of global companies do not yet fully understand their impact on nature and how they depend on it, a new study by the World Benchmarking Alliance...

Covirán Implements Measures To Meet Increased Demand In Summer

Covirán has implemented measures to ensure the continuous supply of food items as it anticipates an increase in demand with the arrival of tourists...

Coca-Cola HBC Secures Loan Worth $130m From EBRD

The European Bank of Reconstruction and Development (EBRD) has approved a loan of $130 million for Coca-Cola HBC to finance its CapEx and working capital r...

UK Consumers Cut Back On Spending In June, Survey Finds

British consumer spending contracted in June, hurt by bad weather, recent surveys showed adding to recent signs of the country's tepid economic g...

Italy’s Conad Exceeds Turnover Of €20bn In Full-Year 2023

Italian supermarket chain Conad has reported an 8.11% increase in turnover, to more than €20 billion, in its 2023 financial year.

Heineken To Close One Of Its Breweries In Vietnam Due To Weak Market

Heineken is suspending the operation of one of its breweries in Vietnam from this month due to weak demand and changing consumption patterns.

Britain's Tesco 'Well Positioned' As Market Share Grows

Tesco, Britain's biggest supermarket group, said it was 'well positioned' for the balance of the year, as it reported a 4.6% rise in underlying quarte...