Consumer demand for refurbished and pre-owned items in the United Kingdom and across Europe has generated a billion pound (USD 1.3 billion) industry for Amazon, according to its UK CEO. Many merchants and manufacturers expect that tendency to continue as consumers seek to save money and purchase more sustainably in response to rising pricing and […]
Jack Ma has fueled speculation about his upcoming ventures by initiating a new project, “Hangzhou Ma’s Kitchen Food,” marking his return to business activities following a period of reduced visibility amid a government crackdown on his companies, Alibaba and Ant Group. With an initial capital of 10 million yuan ($1.4 million), the company is registered […]
Realme, the Chinese smartphone manufacturer, said it has shipped over 200 million phones since its inception just over five years ago. According to the company’s data, most of these shipments were out of China, indicating that Realme is the fifth fastest smartphone maker to reach this significant milestone. BBK Electronics, the Chinese consumer who owns […]
The discrepancy in official trade figures between India and China has widened this year, fueled by an increase in under-invoicing and potential financial losses to the Indian exchequer, despite efforts by tax authorities to address the issue. In the first 10 months of 2023, the difference between China’s reported exports to India and India’s reported […]
India’s exports to Nordic regions have increased significantly in recent years, said Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, while addressing the second CII India Nordic-Baltic Business Conclave 2023 here on Wednesday. The Union Minister pointed out that India’s exports to the Nordic region have grown […]
Gold prices rose to an over two-week high on Tuesday, as the US dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank’s latest meeting for further policy cues. Spot gold climbed 0.5 per cent to USD 1,987.79 per ounce, as of 12:15 GMT, […]
McDonald’s said on Monday it would acquire investment firm Carlyle’s 28 per cent stake in a partnership that manages its business in mainland China, Hong Kong and Macau, as the burger chain looks to simplify its structure in the region. The deal will help McDonald’s raise its holdings to 48 per cent, while a consortium […]
The Indian rupee is likely to open slightly higher on Monday after the dollar declined to its lowest in over two months against a basket of major peers. Non-deliverable forwards indicate the rupee will open at around 83.24-83.25 to the US dollar, compared with 83.27 in the previous session. Brent crude rose in Asia trading, […]
The price of Kuwaiti oil went down by USD 2.44 to reach USD 82.27 per barrel on Friday, compared to USD 84.71 per barrel the day before, said the Kuwait Petroleum Corporation (KPC) on Saturday. According to the Kuwait News Agency (KUNA), Brent Crude and West Texas Intermediate in the global markets rose by USD […]
India is worried about Britain’s possible tax on imports of high-carbon goods like steel and wants a mechanism in their planned free-trade agreement (FTA) to address issues arising from such a measure, three Indian sources said. Earlier this year, Britain initiated consultations with domestic stakeholders on measures such as a potential carbon border tax, which […]
