Walmartowned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an ecommerce market that has grown rapidly during the COVID19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next […]

Nippon Steel, the worlds No.3 steelmaker, will boost research and development RD spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said. We will input considerable resource into RD on decarbonisation technology, Executive Vice President Katsuhiro Miyamoto told Reuters in an […]

Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plantbased patty makers blockbuster public listing in 2019, will retire in May. The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said. […]

In October 2020, Miamibased art collector Pablo RodriguezFraile spent almost 67,000 on a 10second video artwork that he could have watched for free online. Last week, he sold it for 6.6 million. The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to […]

French retailer Casino on Thursday vowed to boost its profitability and cash flow further this year and push on with its asset disposal plan to reduce debts. Casino achieved a 2020 group operating profit of 1.426 billion euros 1.74 billion, up 25.2 at constant exchange rates, helped by cost savings and higher sales in France […]

Costco Wholesale Corp is raising the minimum wage for its hourly staff to 16 from next week, a dollar more than what its competitors Amazon.com Inc and Target Corp pay per hour. The membershiponly retailers move comes as U.S. President Joe Biden plans to raise the minimum wage to 15 per hour by 2025, and […]

MILAN, Feb 25 Reuters Shares of heavilyshorted airline Air France KLM rallied as much as 10 on Thursday as early signs of easing travel restrictions lured investors to a sector heavily hit by the COVID19 pandemic downturn. Traders said a short squeeze was helping drive the gains in the cashburning carrier even though last week […]

LONDON, Feb 24 Reuters Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO António HortaOsório set out fresh targets to expand the banks insurance and wealth business and further cut costs. Britains biggest domestic lender reported pretax profits of 1.2 billion pounds 1.70 billion, well […]

HONG KONG, Feb 24 Reuters Hong Kong Stock Exchanges operator posted a 23 jump in 2020 net profit on Wednesday that was marginally above estimates, buoyed by higher trading volumes due to coronavirusdriven market gyrations, while Stock Connect schemes linking the bourse with mainland China also boosted volumes. Hong Kong Exchanges and Clearing HKEX posted […]

JOHANNESBURG, Feb 24 Reuters Anglo Pacific has agreed to buy a share of cobalt production from Vales Voiseys Bay mine in Canada, giving the mining royalty and streaming company exposure to the key battery metal for the first time, it said on Wednesday. Under the deal, Anglo Pacific will buy a company holding a 70 […]