Richard Liu, founder of JD.com, on the day the company went public on the Nasdaq exchange, May 22, 2014. Andrew Burton/Getty Images Richard Liu, billionaire founder of Chinese e-commerce giant JD.com, defended his decision to expand into the country’s hugely competitive food-delivery market and incurring heavy losses, referring to a “lost five years” for his…
Getty Images Chocolate prices in the UK rose at the fastest pace on record in May as the overall cost of food continued to climb, official figures suggest. The main rate of inflation remained at 3.4% in the year to May. However, food prices grew for the third month in a row, as some economists…
By Bloomberg Published June 17, 2025 Women’s fast-fashion retailer Groupe Dynamite Inc. raised prices by 9% over the past year and plans to increase them at twice the rate of inflation for the foreseeable future, its chief executive officer said. Dynamite Shares on Tuesday rose by the most since the company went public last year…
Major global brand development and licensing platform Authentic Brands Group has announced the appointment of Tim Derner as global head, marketplaces. Tim Derner The new York-based executive steps into he role with immediate effect and joins Authentic after more than a decade of leadership experience at Amazon. He was most recently director of Amazon Fashion…
MIAMI GARDENS, FLORIDA – JUNE 16: Rodrigo Battaglia #5 of CA Boca Juniors celebrates with teammates … More after scoring his team’s second goal during the FIFA Club World Cup 2025 group C match between CA Boca Juniors and SL Benfica at Hard Rock Stadium on June 16, 2025 in Miami Gardens, Florida. (Photo by…
NEWYou can now listen to Fox News articles! Department of Justice attorneys asked a federal judge on Tuesday to reject anti-Israel activist Mahmoud Khalil’s request for authorities to release him or transfer him from an immigration detention center in Louisiana to one in New Jersey. The government attorneys said the courts do not have the…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI chief executive Sam Altman has accused Mark Zuckerberg’s Meta of trying to poach his developers with the promise of $100mn sign-on bonuses and even higher compensation, as the social media platform races to catch…
Jun 18, 2025, 04:00 AM ET Arsenal begin their Premier League campaign with a trip to Old Trafford to face Manchester United and then face away games against Liverpool and Newcastle United and a home clash with Manchester City in their opening six games of the 2025-26 season. United and Manchester City, two sides that…
NEWYou can now listen to Fox News articles! RICHMOND, Va. – Conservative Richmond radio host John Reid will be the Republican nominee for Virginia’s lieutenant governorship, after running unopposed in Tuesday’s statewide primary election. Reid was the only man left after Fairfax County Supervisor Pat Herrity – the rare Republican officeholder in the vote-rich but…
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s central bank governor has said he expects a new global currency order to emerge after decades of dominance by the US dollar, with the renminbi competing in a “multi-polar international monetary system”. Speaking at…
