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Tag: World news

Walgreens heading for biggest private equity buyout ever, says report | Business

The global drugstore chain Walgreens Boots Alliance has reportedly received a buyout offer from the private equity group KKR – if successful, the deal would be the biggest private equity transaction on record. Shares in Walgreens Boots Alliance rose 6% on Monday after Bloomberg reported news of the deal. Its shares had fallen nearly 20% …

Walgreens heading for biggest private equity buyout ever, says report | BusinessRead More

Alibaba’s Singles Day sales top $30bn as it heads for record-breaking return | World news

The Chinese retailer Alibaba Group said on Monday that sales for its annual Singles’ Day shopping blitz have crossed the $30bn mark, putting the event on track to set a record in its 11th year. The figure is equivalent to over 80% of US rival Amazon’s online store sales in the latest quarter and matches …

Alibaba’s Singles Day sales top $30bn as it heads for record-breaking return | World newsRead More

TVs sold by Amazon and Best Buy ‘contain chemicals banned in Europe’ | US news

Popular brands of televisions sold by Amazon and Best Buy in the US contain potentially hazardous flame retardants linked to health problems including cancers and learning difficulties, according to a new report. Six Toshiba and Insignia brand TVs, made in partnership with Amazon and Best Buy respectively, sampled by public health campaign groups contained organohalogens, …

TVs sold by Amazon and Best Buy ‘contain chemicals banned in Europe’ | US newsRead More

Uniqlo accused of mocking wartime sexual slavery victims | World news

The Japanese clothing retailer Uniqlo has pulled an ad from South Korean TV after it was accused of mocking victims of wartime sexual slavery. The company said it had stopped airing the 15-second ad after critics pointed out that the Korean-language subtitles appeared to question the testimony of women who said they were forced to …

Uniqlo accused of mocking wartime sexual slavery victims | World newsRead More

Asos profits plunge 68% after tumultuous year of IT chaos | Business

Profits at Asos have plunged by nearly 70% in a tumultuous year during which the former stock market darling’s shares plummeted and the online fashion retailer grappled with IT chaos at its overseas warehouses. Sales rose by 13% to £2.7bn in the year to 31 August, but pretax profits fell by 68% to £33.1m. Major …

Asos profits plunge 68% after tumultuous year of IT chaos | BusinessRead More

Tesco and M&S likely to have soya linked to deforestation in supply chains | Environment

Tesco, M&S and several other UK supermarkets admit that they cannot guarantee that soya from deforested areas is not in their supply chain despite commitments to phase out its use, the Guardian has found. An investigation has revealed that Tesco, Asda, Morrisons and M&S all buy products from UK farmers using animal feed that includes …

Tesco and M&S likely to have soya linked to deforestation in supply chains | EnvironmentRead More