Walmart continues to make gains in a turbulent retail environment thanks to its growing e-commerce, grocery and domestic businesses. “We had another strong quarter in every part of our business,” Doug McMillion, president and chief executive officer of Walmart, said in a statement. “Our global e-commerce sales are on track to reach $75 billion by […]
BRUSSELS (Reuters) -The euro zone economy grew 2% in the second quarter, the European Union statistics office said on Tuesday, confirming its earlier reading as the easing of coronavirus restrictions spurred economic activity after a brief recession.FILE PHOTO: People walk at the Arenas de Barcelona shopping mall (a former bullring) during the coronavirus disease (COVID-19) […]
WASHINGTON/LONDON (Reuters) -A surprisingly sharp slowdown in Chinese economic activity and a rapid Taliban takeover in Afghanistan helped drive global shares lower Monday.Slideshow ( 2 images )All three major U.S. indices opened Monday sharply lower, after posting fresh record highs last week. The Dow Jones Industrial Average fell 134.63 points, or 0.38%, in early trading, […]
(Reuters) – The Dow and S&P 500 futures eased from record highs on Monday after underwhelming data from China, while focus was on the minutes of the Federal Reserve’s July meeting and economic data later this week to gauge the pace of a U.S. recovery.FILE PHOTO: The New York Stock Exchange is pictured in the […]
SYDNEY (Reuters) – Asian shares slid on Monday after a raft of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world races to stem the spread of the Delta variant of COVID-19 with vaccinations.FILE PHOTO: An investor looks at an electronic board showing stock information […]
Put the ice cream near the cash registers. That is traditional grocery store wisdom, mainly so the product won’t melt in the cart as it winds through the aisles. For shoppers worn down by the journey through a hangar-size Whole Foods, it’s also a reward: an ultradecadent bounty in an ever-multiplying variety of daring and […]
(Reuters) – The Dow and the S&P 500 futures inched to record highs on Friday after Walt Disney’s forecast-beating results, while signs of cooling inflation and a strong recovery in corporate earnings kept the indexes on track for a second straight week of gains.FILE PHOTO: A trader works on the trading floor at the New […]
ANALYSIS: As businesses and households turn on more electrical devices, the electricity grid could become more prone to demand spikes. But the direction of government policy, from discouraging gas to contemplating monumental investment in a wildly ambitious project, is discouraging the type of investment needed to keep the grid stable, a leading analyst warns. This […]
Coffee roasters have a problem. The cost of the beans that they import has soared this year, leaving roasters anguishing over whether their customers, from grocery stores to cafes to people looking for their daily latte, will tolerate higher prices. Extreme weather has damaged crops in Brazil, the world’s largest coffee exporter. On top of […]
Tourism and travel leaders are encouraged by the Government’s plans to reconnect with the world, but say the onus now goes on New Zealanders to get the Covid-19 jab. The sectors have been hammered by the pandemic for the past 18 months and Tourism Export Council chief executive Lynda Keene said she was hopeful the […]