US retailer Target told investors on Tuesday that its profitability will suffer in the short term as it discounts undesired items, cancels orders, and takes aggressive measures to get rid of excess inventory. The company reduced its profit margin forecast for… Read More ›
Retailer Kohl’s has revealed that it has entered into exclusive talks with retail holding group Franchise Group, which wants to buy the retailer for $60 per share. Kohl’s would be valued at around $8 billion at such a price. Kohl’s… Read More ›
After EU governments and politicians agreed on Tuesday to a single mobile charging port for mobile phones, tablets, and cameras, Apple will be required to replace the connector on iPhones sold in Europe by 2024. After corporations failed to reach… Read More ›
As experts predict another recession, European venture capitalists are advising start-ups in their portfolios to slash costs and freeze employment. Their Silicon Valley counterparts are doing the same. Following a bumper 2021 filled with IPOs and huge fundraising rounds, several… Read More ›
Sri Lanka is urging farmers to increase rice production as the country faces its worst economic crisis in more than 70 years. The country’s agriculture minister issued the appeal, claiming that the country’s “food situation is deteriorating.” It comes as… Read More ›
Oil prices have reached new highs after European Union leaders agreed to prohibit more than two-thirds of Russian oil imports. On Tuesday, Brent crude surpassed $123 a barrel for the first time in two months. Oil and gas prices have… Read More ›
Leaders of the European Union have come to a consensus to impose a ban on importing of Russian crude oil and the latest decision would come into effect by the end of the current year. The decision would however exempt, for the time being, pipeline shipments Hungary… Read More ›
According to Abrdn CEO Stephen Bird, stock market capitalisation in India and China might quadruple by 2050 as Asia moves from “laggard to leader” in the climate transition. Bird commended the economic revolution that has lifted more than a billion… Read More ›
With its future software releases, iOS 16 and iPadOS 16, which the firm is scheduled to announce during its WWDC 2022 developer conference on June 6, Apple is reportedly introducing a plethora of new updates to iPhones and iPads. According… Read More ›
According to two sources familiar with the matter at hand, Alphabet Inc’s Google is in talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC. In late April, India launched its Open Network for… Read More ›
manageria.biz 