U.S. Retailers Tumble After Walmart Cuts Profit Forecast.
A profit warning by Walmart (WMT.N) ignited a sell-off in shares of major U.S. retailers late, quickly…
Zenith Bank Retains Position In Banking Award.
Zenith Bank Plc has been rank as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World…
Companies May Collapse Over Energy And Currency Crisis.
An economist, Bismark Riwane, and other experts have predicted that the high cost of power and diesel will lead to…
Amazon To Raise Prime Prices In Europe As Retailer Wrestles With Costs.
Amazon.com Inc (AMZN.O) will raise fees for its delivery and streaming service Prime in Europe by up to…
3M To Spin Off Healthcare Business.
3M Co (MMM.N) said the industrial giant plans to spin off its healthcare business and will retain a stake of 19.9%…
UK Retailers Downbeat About Outlook For August – CBI.
British retailers are downbeat about the outlook for August as the cost-of-living squeeze weighs on demand.…
KPMG Escapes Record Fine Over Carillion, Regenersis Audit Checks.
KPMG was to pay 14.4 million pounds after the accounting firm admit to providing false information. To its…
Tesla Raises Spending Plan, Discloses New Subpoena On Musk’s 2018 Tweet.
Tesla Inc (TSLA.O) has increased its capital spending plan by $1 billion, the electric automaker said in a…
Cryptoverse: Venture Capitalists Bet Big On Crypto.
It's not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are…
FG Reiterates Commitment To 2030 Renewable Energy Target-Nigeria.
The Minister of State for Power, Mr Goddy Jedy-Agba, has reiterated the Federal Government’s commitment;…
Nigerians In Diaspora Contribute 4% Of GDP.
The Vice-chair, Chartered Institute of Personnel and Development, South London Branch, United Kingdom, Mr. Dayo…
Asia Shares Increase As A Fed Rate Hike Approaches.
Asian shares pared losses as investor sentiment improved on China's reported plans to tackle a debt crisis in real…
China Belt & Road Spending Dips In H1, With No Investment In Russia.
China's finance and investment spending in Belt and Road countries fell in the first half compared to a year…
Bank Of Japan Board Reshuffle Brings In Less Dovish Member.
The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest…
Rogers To Invest C$10 Billion In AI, Testing After Massive Outage.
Rogers Communications Inc (RCIb.TO)said it will invest C$10 billion ($7.74 billion) over the next three years in…
Britain’s M&S Seeks Food Supply Chain Control With $173-Mln Gist…
British retailer Marks and Spencer (MKS.L) said it would acquire its key logistics services provider Gist Ltd for…
U.S. Business Activity Contracts In July For First Time In 2 Years, Survey Shows.
U.S. business activity contracted for the first time in nearly two years in July. As a sharp slowdown in the…
According to SundaysZeitung, Credit Suisse Plans To Make More Cost cuts.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled…
Shanghai Bourse Vows Market Stability Before Communist Party Congress.
The Shanghai Stock Exchange (SSE) vowed over the weekend to maintain market stability; ahead of the politically…
Stocks Decline As Growth Risks Weaken Confidence; Demand For Bonds, Dollar.
Asian stocks lost ground, retreating from over three-week highs as worries about a global economic downturn sapped…
Cargill, Continental Close U.S. Chicken Deal.
Cargill and Continental Grain Co said that they had closed their deal to buy Sanderson Farms Inc (SAFM.O). This is…
In Argentina, Financial Risks Deepen Along With Investor Jitters.
Argentina's debt sank deeper into distressed territory, in just the latest week of sour financial news. This…
The U.S. ITC Opens An Investigation Into The Trading Of Specific Fabrics With…
The U.S. International Trade Commission said it has launched an investigation related to the possible impact on…
Genex Power In Australia Receives A $220 Million Takeover Bid From A Tech…
Australian renewable energy developer Genex Power (GNX.AX) has received an unsolicited A$319 million ($220…
UK Retail Sales Slip In June As Consumers Struggle With Inflation.
British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing…
Higher Expenses And A Labor Shortage Reduced Domino’s Pizza’s Profit.
Domino's Pizza Inc (DPZ.N) missed market estimates for quarterly profit as costs soared; and a staffing crunch…
Due To Tighter Budgets, Consumers Avoid Candles And Barbecue Kits.
Whether they make strawberry pound cake-scented candles or $300 brisket barbecue delivery meal kits, U.S.…
Zimbabwe State Workers Plan Strike To Demand Pay In Dollars, Due to Fall In Local…
Government employees in Zimbabwe will strike for two days,next week to press for their salaries to be paid in…
Luxury Shoemaker Manolo Blahnik Wins 22-Year Trademark Battle In China
Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama "Sex and the…
USAID to provide Kenya with $255mln for drought
U.S. development agency USAID will provide Kenya with $255 million in emergency and development assistance to…