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Sainsbury's follows rivals in paying business rates during pandemic

Sainsbury's follows rivals in paying business rates during pandemic

British supermarket group Sainsbury's has followed market leader Tesco and Morrisons in deciding to forgo relief on business rates on its stores during the Covid-19 pandemic.
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JD Logistics seeks bank pitches for Hong Kong IPO of up to $3 bln, sources say

JD Logistics seeks bank pitches for Hong Kong IPO of up to $3 bln, sources say

JD Logistics has reportedly asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards launching the deal in the first half of 2021.
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Flipkart's digital payments firm PhonePe to raise $700 million from existing investors

Flipkart's digital payments firm PhonePe to raise $700 million from existing investors

PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million.
Fashion
Salesforce to buy workplace app Slack in $27.7 billion deal

Salesforce to buy workplace app Slack in $27.7 billion deal

Salesforce.com Inc has agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal.
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U.S. Congress passes bill that could delist Chinese stocks from U.S. markets

U.S. Congress passes bill that could delist Chinese stocks from U.S. markets

The U.S. House of Representatives passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards.
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Belgian mail turns to sports stores to ease parcel overload

Belgian mail turns to sports stores to ease parcel overload

Belgium's post office has teamed up with the country's largest sports store chain as a shift to online purchases accelerated by the COVID-19 pandemic has left it overloaded with packages.
Fashion
German retail sales rebound before partial lockdown

German retail sales rebound before partial lockdown

German retail sales rebounded more than expected in October, data showed on Wednesday, suggesting consumers supported overall growth in Europe's largest economy before a partial lockdown.
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JD.com, SF, Carlyle among bidders for CJ Group's $1 billion China logistics business - sources

JD.com, SF, Carlyle among bidders for CJ Group's $1 billion China logistics business - sources

Chinese online retailer JD.com, delivery company SF Group and Carlyle are bidding for South Korean conglomerate CJ Group's China logistics business in a deal that could fetch over $1 billion.
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Walmart axes $35 delivery minimum on website purchases for membership program

Walmart axes $35 delivery minimum on website purchases for membership program

Walmart Inc said on Wednesday it would lift the $35 minimum order value that subscribers of its loyalty service had to meet for next-day or two-day shipping, as the retailer gears up for holiday online shopping.
Fashion
China's Ant considers Paytm stake sale amid tensions with India - sources

China's Ant considers Paytm stake sale amid tensions with India - sources

Chinese fintech giant Ant Group is reportedly considering selling its 30% stake in Indian digital payment processor Paytm amid tensions with India and a toughening competitive landscape.
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Uniqlo November sales edge up, gets first 'design registration' for key stores

Uniqlo November sales edge up, gets first 'design registration' for key stores

November was a fairly lukewarm month for Uniqlo chain in its domestic market, but at least Japanese sales didn't fall. In fact comparable sales, including online, were up 0.5% year-on-year, while total sales rose 0.8%.
Fashion
BFC unveils New Wave: Creatives list ahead of digital Fashion Awards

BFC unveils New Wave: Creatives list ahead of digital Fashion Awards

The British Fashion Council has unveiled its ‘New Wave Creatives 2020’ list of its 50 “most innovative and young creative talents from around the world”.
Fashion
France to seek immediate EU riposte if U.S. punishes French digital tax

France to seek immediate EU riposte if U.S. punishes French digital tax

France will immediately seek EU retaliation if Washington goes ahead in January with planned trade sanctions over a French tax on digital services, French Finance Minister Bruno Le Maire said on Tuesday.
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Rolex is top 'superbrand' for UK, Nike makes top 10

Rolex is top 'superbrand' for UK, Nike makes top 10

Rolex has been named the top brand in the UK in this year’s Superbrands list. It moved up four places from 2019 to take the top spot, beating a raft of finance, technology, toy, travel and food brands.
Luxury
Euro zone may need more fiscal, monetary support because of second Covid wave - IMF

Euro zone may need more fiscal, monetary support because of second Covid wave - IMF

Euro zone governments may need to provide more fiscal and monetary support than initially expected because of the effects of the second wave of the Covid-19 pandemic, the International Monetary Fund said on Monday.
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Analysis: Battle of the billionaires: Bezos, Ambani gun for India retail supremacy

Analysis: Battle of the billionaires: Bezos, Ambani gun for India retail supremacy

Jeff Bezos and Mukesh Ambani, two of the world's richest men, face a turning point in a battle for preeminence in India's booming, nearly trillion-dollar retail market.
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