Why Walmart is closing half its stores in Chicago
Walmart plans to close half its stores in Chicago, a reversal of the retail giant’s high-profile commitment in 2020 to expand in the city as part of its corporate racial…
Saudi National Bank chair resigns after Credit Suisse comments
The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments he made about the Swiss lender accelerated a plunge in its share…
Cyclone Freddy: Deadly storm set to hit Mozambique a second time – processingtalk.com
Cyclone Freddy is expected to make landfall again in Mozambique later this week after it struck Madagascar for a second time on Monday. Madagascar’s government says eight people were killed…
Is the stock market open today for Presidents’ Day?
As you’re out shopping for a new mattress or taking advantage of other Presidents’ Day sales you won’t have to worry about how your investments are doing. That’s because the…
Paypal announces sacking of 7% of workers and shares rise 2%
Digital payments company PayPal on Tuesday announced it was laying off 2,000 people, seven per cent of its global workforce, to cut costs. The company said in a statement that…
Deer attacks elderly couple in Argentina. 86-year-old man died
The woman, who went to her husband’s rescue, suffered very serious injuries and is in the intensive care unit of Concordia hospital. An 86-year-old man and his 85-year-old wife were…
Marcelo approves a 4.9% increase in tolls from January
The President of the Republic, Marcelo Rebelo de Sousa, has promulgated the government’s decree establishing a 4.9% increase in tolls next year, according to a note published Wednesday on the…
Leroy Merlin’s “biggest logistics platform” starts up in January
The company adds that this national distribution centre “will be Leroy Merlin’s main national distribution centre in Portugal”. Leroy Merlin announced that construction of the company’s “largest logistics platform” in…
Illegal discounts by Repsol, Cepsa and BP in Spain investigated
Spain’s competition authority has opened an investigation into the oil companies Repsol, Cepsa and BP for possible illegal practices in discounting fuel prices, the authority and the companies revealed today.…
Hong Kong stock market rallying after first easing of restrictions in China
In Europe, however, a quieter start The financial week started with a positive reaction of Chinese markets to the easing of some anti-Covid restrictions in many cities in China. This…