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Retail

​China to become biggest outward investor in 5ys – research
China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, says research reported in the Financial Times (FT).

26.06.2015 07:34

Apple pulls Civil War games from store, calling them ‘offensive and mean-spirited’
Apple has yanked all applications that contain the Confederate flag from its AppStore, following the lead of other major retailers. However, it removed historically accurate Civil War games alongside apps that promoted potentially offensive themes.

25.06.2015 20:13

​CCTV captures armed robbers storming Manchester jewelers (VIDEO)
Dramatic footage of armed robbers breaking into a jewelry store and terrifying staff has been released by police. It shows a gang of four balaclava-clad men using a battering ram to smash down the door of a Manchester jewelers.

24.06.2015 14:25

Walmart accused of dodging US taxes by storing $76 billion in assets abroad
A new report accuses Walmart of stiffing the US government out of $3.5 billion in corporate income taxes by hiding more than $76 billion in assets in a web of subsidiaries in international tax havens where the company does not own any retail stores.

17.06.2015 16:54

Apple, music labels investigated for antitrust violations, collusion ahead of Apple Music launch
Two states are investigating Apple for potentially colluding with or pressuring music companies to favor its new Apple Music, its new paid subscription service, to the detriment of Apple’s competitors. The US government and EU are also probing the issue.

10.06.2015 19:44

ISIS propaganda magazine defending rape & torture removed from sale by Amazon
Copies of Islamic State’s English-language magazine, Dabiq, which has justified rape and murder, have been pulled from sale by online retailer Amazon. Four different volumes had been on sale for just under two weeks before they were removed.

07.06.2015 06:44

Boston grocery store tackles food waste and high produce prices in one fell swoop
In an attempt to kill two birds with one stone fruit, a former grocery store chain president has opened a new, nonprofit store in Boston, Massachusetts that hopes to tackle both food waste and the unaffordability of healthy food among the working poor.

05.06.2015 22:53

​‘Selfish’ Caffé Nero roasted for tax avoidance, after reporting £20mn profits
UK coffee chain Caffé Nero has been attacked by MPs for tax avoidance after the company boycotted milk produced in areas of the UK where badger culls are taking place.

04.06.2015 08:39

Female cop charged with using dead man’s credit card to buy diamond ring
Dead men generally don’t go online to buy $3,300 diamond rings for strangers. Especially when the stranger is the police officer who found him dead. And they usually don’t send that ring to the officer’s boyfriend’s address.

03.06.2015 17:20

Cash for influence? 38 British MPs accepted over £60k in gifts from tobacco firms
Tobacco firms have gifted British MPs with lavish hospitality worth over £60,000 since 2010, an investigation reveals. Almost 50 percent of these MPs voted against plain tobacco packaging in 2015.

21.05.2015 10:13

​Aldi issues mass apology after accidentally selling customers ‘Halal pork’
After mistakenly selling ‘halal’ meat products containing pork to unwitting customers across the UK, supermarket chain Aldi has been forced to apologize.

18.05.2015 15:58

Mind the gap: Britain’s richest are 105 times better off than the poorest
The UK’S richest 20 percent have more than one hundred times the wealth of the poorest 20 percent, with the combined household wealth of £9.1 trillion remaining for the most part in the hands of the elite.

15.05.2015 12:28