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Fast Retailing, the Japanese firm that owns the popular clothing brand Uniqlo, reported a 45.7% quarterly profit surge, despite facing challenges from the Iran war’s impact on supply chains and logistics. Achieving this milestone puts the company on track for…
Miniso Group, a prominent retailer based in China, reported a significant growth in sales in its first quarter, owing to strong performances across all business areas. The company’s revenue saw a year-on-year increase of 28.5%, totalling up to US$824.6…
As the conflict in the Middle East escalates, DBS, a Singapore-based bank, is observing a significant rise in safe haven flows, leading to an increase in deposit growth. However, this development could also lead to a downward trend in Singapore’s interest…
Inditex, the parent company of Zara, has seen considerable increases in its gross and net profits, fueled by robust sales across all its brands. The company’s total net revenue for the fiscal year ending January 31, 2025, climbed 3.2 per cent to €39.9 billion…
Nokia Corporation recently announced a 3% increase in comparable net sales for Q4 2025, achieving EUR 6.1 billion. This increase is attributed to growth in both its network infrastructure and mobile networks businesses. The company’s outcomes are in line with…
Viva Energy’s Convenience and Mobility (C&M) division has experienced a decrease in both convenience sales and fuel volumes in the third quarter. This shrinkage is attributed to the ongoing challenges within the retail fuel industry, as well as a reduction in…
Mango, a global fashion retail corporation based in Spain, has recently announced a data breach. An external marketing service provider affiliated with the retailer experienced an unauthorized intrusion, compromising customer data. Details of the Data Breach…
The Coca-Cola Company is said to have received a bid from Bain Capital’s Special Situations division for its well-known café chain, Costa Coffee. Established in London in 1971 by brothers Bruno and Sergio Costa, the business started as a wholesale operation…
The major breakfast cereal and snack producer, WK Kellogg, has revealed a significant drop in its net income for the second quarter as it readies itself for an upcoming acquisition by Ferrero Group. Drop in Earnings The company’s net income for the quarter…
Metcash, a leading wholesale distribution and marketing company, has recently announced a robust financial performance for the current fiscal year. The company’s group sales revenue reached $17.3 billion, marking a 7.2 per cent growth compared to last year’s…
Skechers, the global footwear leader, reported its financial results for the second quarter of 2025, reflecting an overall positive growth across its various business channels. The company’s total revenue for the quarter was recorded at US$2.44 billion,…
Despite relatively stationary sales figures, Hong Kong’s DFI Retail Group has reported robust profit growth in the first half of the fiscal year. Sharing profits with shareholders saw an impressive rise of 39 per cent to US$105 million in the six months…
Each year thousands of internet users fall victim to a cybercrime that leaves them out of pocket. Research from Kaspersky Lab reveals that over half (52%) of internet users who’ve lost money at the hands of cybercriminals have only got some, or none, of their…
The Directorate General of Taxation will intensify its investigation on the suspected unpaid taxes by tech behemoth Google, claiming that the company’s tax settlement offer was too small. The government said that it would continue investigating Google as it…
Alibaba Cloud announced at its recent Computing Conference that it will provide its AI, deep learning and data analytics capabilities for two new cutting-edge developments in China. Initiated by the Hangzhou government, the “Hangzhou City Brain” is set to…
