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Business

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Retailer WH Smith suspends Funky Pigeon online orders after cyber incident

FILE PHOTO: A person wearing a mask exits a branch of WH Smith in London, Britain, December 1, 2021. Picture taken December 1, 2021. REUTERS/May James(Reuters) – British retailer WH Smith Plc said on Tuesday it has suspended orders from its online greetings card and gift business Funky Pigeon following a cyber-security incident last week. […]

Explainer-Sri Lanka's reluctance to tap IMF helped push it into an economic abyss

COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of essentials, including fuel and medicines.FILE PHOTO: Demonstrators apply a sticker on a passing car during a protest against Sri Lankan President Gotabaya […]

Amazon to charge merchants 5% surcharge for fulfillment services as fuel costs rise

FILE PHOTO: The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid(Reuters) – Amazon.com Inc on Wednesday said it will impose an average 5% fuel and inflation surcharge on merchants to warehouse and ship their products in the United States, in response to rising […]

China's imports unexpectedly fall on domestic COVID curbs

BEIJING (Reuters) -China’s imports unexpectedly fell in March as COVID-19 curbs across large parts of the country hampered freight arrivals and weakened demand, while export growth slowed slightly and analysts expected trade to worsen in the second quarter.FILE PHOTO: Trucks travel past containers at the Yangshan Deep Water Port in Shanghai, China January 13, 2022. […]

Subsidiary of Mexico's Femsa agrees to acquire U.S. distributor Sigma Supply

FILE PHOTO: The logo of Mexico’s Coca-Cola FEMSA, the world’s biggest Coke bottler, is pictured at its headquarters in Monterrey, Mexico, August 19, 2018. Picture taken August 19, 2018. REUTERS/Daniel BecerrilMEXICO CITY (Reuters) – Mexican bottler and retailer FEMSA announced on Tuesday its U.S. subsidiary Envoy Solutions reached an agreement to acquire the distributor Sigma […]

Credit Agricole stake in Italy's Banco BPM sparks bid speculation

MILAN (Reuters) -France’s Credit Agricole has become the single largest investor in Banco BPM after buying a 9.2% stake, raising the prospect of a full takeover bid and sending shares in Italy’s third-largest lender sharply higher.FILE PHOTO: A Credit Agricole logo is seen outside a bank office in Reze near Nantes, France, May 12, 2021. […]

Property plunge: Largest decline in house values for more than a decade

From RNZ The QV House Price Index of house values has experienced the largest quarterly drop in more than a decade. The national average home dropped in value by 0.6 per cent over the three months ended March, swinging from a 2.3 per cent increase in the quarter ended in February. “We’re seeing quite a […]

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

(Reuters) – Some Asian central banks are shaking off their long-held reluctance to follow their global peers in lifting benchmark interest rates off historic lows, as the Ukraine war blows consumer prices well out of policymakers’ comfort zones.FILE PHOTO: A customer carries his daughter as he buys goods at a store inside a shopping mall […]

Thai business group trims 2022 growth outlook over Ukraine war

FILE PHOTO: A view of Bangkok’s port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020. REUTERS/Athit Perawongmetha/File PhotoBANGKOK (Reuters) – Thailand’s leading joint business group on Tuesday trimmed its economic growth forecast for this year to 2.5%-4.0% from a previous forecast of 2.5%-4.5% due to the impact of the […]