If true, the move would follow JD.com’s earlier efforts in the UK, including its failed takeover bid for electricals group Currys and its decision last year to walk away from talks to acquire Argos from Sainsbury’s. Both JD.com and The Very Group declined to comment on the
The Institute of Chartered Accountants of Scotland (ICAS) said that it welcomes the Financial Conduct Authority’s (FCA) plans to reshape listed company sustainability reporting around the UK Sustainability Reporting Standards (UK SRS). In its response to Consultation Paper
Declining demand in key Western markets offsets gains in other regions, pressuring Sri Lanka’s apparel sector. Sri Lanka’s apparel exports fell 4.72% year-on-year in April to $328.15m, down from $344.40m in the same month last year. The decline was driven by sharp drops in
Toyota has widened its planned overseas production reductions to approximately 83,000 vehicles through to November, up from a previously announced 38,000 units, as the Strait of Hormuz blockade weighs on demand. The Japanese automaker has notified major suppliers of the re
The new U.S. strikes on missile sites and boats in southern Iran are further clouding the market view of how the nearly three-month-long crisis will unfold. Oil prices jumped early on Tuesday in Asian trade following the strikes Prices slumped by 5% on Monday due to
ICA submission warns current levy structure unsustainable as 2026-27 CSLR costs exceed sector caps by A$137m. The Insurance Council of Australia has called for structural reforms to the Compensation Scheme of Last Resort, citing projected 2026-27 costs of A$137m ($98m). Fi
SpaceX officials demand increased payments for Starlink satellite access as U.S. military reliance grows in operations against Iran. SpaceX has requested higher fees from the Pentagon for Starlink satellite internet access, citing increased usage in U.S. military operation
Tehran insists on accessing half of the $24 billion in frozen assets immediately upon announcing a US memorandum of understanding. Iran is pressing for the release of $24 billion in frozen funds as part of a potential Memorandum of Understanding with the United States. The
Canada and India are negotiating a free trade deal anchored in energy, agri-food, and technology, Canadian Prime Minister Mark Carney said, describing a potential agreement as a game changer for Canada’s businesses and workers. “We’re negotiating a free trade deal with India.
European stocks pull back as US strikes Iran European stock indexes were mixed on Tuesday, pulling back slightly from recent gains, after new US strikes in southern Iran. The STOXX 600 was down 0.2% on the day, but still close to its highest since the war began. Londo
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