Retail
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China’s Pinduoduo to launch international e-commerce in the US
One of China’s largest e-commerce companies, Pinduoduo Inc., is getting ready to launch its first cross-border expansion into the North…
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Indian billionaire Mukesh Ambani sets succession plan in motion
The 65-year-old billionaire Mukesh Ambani has begun the early phases of succession planning at his energy-to-technology giant Reliance Industries Ltd,…
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Cosmetics conglomerate Revlon Inc declares bankruptcy in the US
Revlon Inc declared Chapter 11 bankruptcy after being unable to handle its massive debt burden in the face of a…
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Global chip shortage hurts tech and automotive industry alike
Due to a persistent shortage of chips and other essential ingredients, some of the world’s largest tech and automotive businesses…
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Mukesh Ambani in plans to buy Boots in the UK region
According to a report in the UK media, Mukesh Ambani’s Reliance Industries is planning a joint bid for Britain’s well-known…
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Indonesia bans export of palm oil, sparks global shortage
After the Indonesian government stated last week that all crude palm oil exports would be banned, a cooking oil crisis…
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Ahold Delhaize the food retail group to acquire FreshDirect
One of the world’s largest food retail groups, Ahold Delhaize to acquire New York City’s online grocer FreshDirect. The Dutch…
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Johnson Controls introduces new flexible service offerings for remote building management in Middle East and Africa
Johnson Controls the global leader for smart and sustainable buildings announces the launch of a new flexible service suite to…
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Amazon is hiring 100,000 workers, Walmart is hiring 150,000 — here are the sectors adding jobs amid coronavirus
The number of jobless claims rose by 70,000, but several sectors are ramping up hiring even as the coronavirus pandemic…
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Etihad Airways launches credit plan to defer cost of virus-hit flights
Etihad Airways Credit permits a free cancellation and offers the original value of a booking to be used as credit…
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