Bihar minister Shrawan Kumar sparked controversy by stating that rising sugar prices will not affect consumers, citing increased public awareness of diabetes. The opposition RJD criticized the remarks as insensitive, blaming central government ethanol policies for the price hike.
JD Sports has issued its third profit warning of 2024, lowering its annual pre-tax profit forecast to £700m-£800m. The retailer cited a lack of innovative designs from major brands like Nike and Adidas, alongside persistent cost-of-living pressures in the US.
Central Retail Corporation will acquire 30 MaxValu stores in Thailand on September 30, rebranding them as Tops minimart. This move follows Central Group's strategy of consolidating the domestic retail market against competitor CP Group.
Opatra London has suspended its Hong Kong distribution agreement after local partner Sayles Retail was raided by customs officials. Two senior managers at the distributor were arrested following allegations of aggressive sales tactics.
Retail sales in Great Britain fell by 0.5% in July, according to the Office for National Statistics. While food and drink sales saw a boost from the World Cup and hot weather, non-food sectors like clothing and furniture experienced significant declines.
A Sebi study reveals retail traders in India lost Rs 91,685 crore in equity derivatives during FY26, paying Rs 25,000 crore in transaction costs as 88% incurred losses.
Andrei Klepach, chief economist at Russia's state development bank VEB, was fired after publicly warning that the war in Ukraine is causing economic decline and potential social instability comparable to the 1917 revolution.
JD Sports cut its full-year profit forecast to between £700m and £800m after cost of living pressures and higher fuel prices caused by conflict in the Middle East weighed on sales of trainers, sending its shares down 12%.
Lowe's reported mixed Q2 results with adjusted EPS of $4.40 beating expectations and revenue of $25.96 billion missing estimates. CEO Marvin Ellison cited cautious consumer spending on projects and updated the full-year guidance to the bottom end.
Retail investors remain invested in AI stocks but are increasingly using put options and inverse ETFs to hedge against downside risks as markets approach the fall season.
Toyota Finance has introduced a 1 billion yen tokenized bond accessible via the Toyota Wallet app. The one-year instrument offers a 1.72% annual interest rate and includes non-monetary investor benefits, bypassing traditional securities accounts.
The UK's Competition and Markets Authority (CMA) has warned fuel retailers for failing to pass on wholesale price drops quickly and for non-compliance with the government's Fuel Finder scheme. Retailer profit margins remain at historically high levels.
China's industrial output and retail sales growth slowed in July, missing analyst expectations. The National Bureau of Statistics cited extreme weather as a factor, while Premier Li Qiang acknowledged weak domestic demand, prompting calls for further government intervention.
Retail billionaire Mike Ashley's Frasers Group has increased its stake in German fashion house Hugo Boss to 48% following a €38-a-share offer, bringing the retail tycoon closer to potential full control despite previous board resistance.
Andrei Klepach, chief economist at Russia's VEB development bank, has been fired after warning that mounting economic costs from the Ukraine war and growing lag behind the West and China could trigger an unexpected social crisis akin to the 1917 revolution.
Hong Kong's sports industry and related sectors contributed HK$46 billion (1.5% of total) in value added at basic prices to the economy in 2024, amidst a record Olympic performance in Paris.
Coles and Woolworths have conducted tests of facial recognition technology to combat retail crime, though implementation in stores remains uncertain, amid ongoing privacy concerns and debates over its use.
China's economy lost momentum in July as retail sales grew just 0.6%, urban investment contracted 6.7%, and unemployment ticked up to 5.2%, increasing pressure on Beijing for further economic support.
Ukrainian drone strikes targeting warehouses of Russian e-commerce giant Wildberries have caused massive economic damage, halting operations at several logistics hubs and threatening significant losses for state-backed creditors.
US inflation eased to 3.4% in July, while retail sales dropped 0.6% and existing home sales declined due to high mortgage rates and record prices, according to recent economic data.
South Korean retail investors suffer heavy financial losses as the tech-heavy Kospi index experiences a sharp correction following a global AI-driven stock rally, triggering millions of margin calls.
Chinese humanoid robotics startup Unitree Robotics raised $900 million at a $9 billion valuation in its IPO, drawing record retail demand on Shanghai's STAR market despite skepticism over commercial viability and U.S. import bans.
The Bank of Russia proposed a draft directive allowing public organized crypto trading exclusively for Bitcoin, Ethereum, and Tether's USDT, imposing an annual ₽300,000 spending cap for non-qualified investors.
South Korea's Emart Inc. reported a wider Q2 net loss of 136.8 billion won, impacted by equity-method losses from affiliate Starbucks Coffee Korea following a controversial 'Tank Day' promotion.
