Back-to-school sales to hit new record as shoppers keep up with essential buys – NRF
(Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast…
Technology
Top US sanctions architect to lead Treasury’s financial crimes team -Yellen
WASHINGTON (Reuters) – Andrea Gacki, a veteran U.S. Treasury official who helped design Washington’s Russia sanctions strategy, has been appointed…
Amazon’s ‘biggest ever’ Prime Day boosts US online sales to $12.7 billion
By Granth Vanaik (Reuters) -U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last…
Factbox-Analysts guarded as AI-driven US stock rally faces earnings test
(Reuters) – Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year’s rally in U.S. stocks fueled…
Factbox-Germany unveils strategy on China, trade partner and rival
(Reuters) – Germany on Thursday passed its long-awaited China strategy after months of wrangling within Chancellor Olaf Scholz’s three-way coalition…
Alibaba’s Ele.me platform signs wages, safety contracts as tech crackdown ends – media
BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour…
Virgin Galactic to launch second commercial space flight next month
(Reuters) – Virgin Galactic Holdings said on Thursday that the space tourism startup will launch its second commercial flight in…
Musk’s Twitter sues four Texas entities for data scraping, seeks damages
(Reuters) -Twitter has filed a lawsuit against four unnamed entities in Texas for data scraping last week, a move that…
Mitsubishi’s China JV to cut staff costs after SUV sales dive
BEIJING/SHANGHAI (Reuters) – Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff…
Chindata says largest shareholder Bain will not sell stake after rival bid
(Reuters) – Chindata Group Holdings said on Thursday Bain Capital, its largest shareholder, did not intend to sell any of…