Category: Business
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Telia Completes Restructuring With Lower-Than-Expected Costs
The telecoms group said the plan should see it book restructuring charges of around $119 million in the final quarter of the year.
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Standard Bank Profits Rise Despite Currency Hit
The South African lender said currency devaluations and the recent strength of the rand diluted its performance in local currency, but it reported growth in headline earnings and confirmed its guidance.
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The No-Frills Service That’s Delivering More and More Packages
The e-commerce giant Shein’s use of airfreight spawns a U.S. delivery service called SpeedX.
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SingPost to Sell Australian Business in Deal Valued at Over $650 Million
Singapore Post is selling its Australian business to a private-equity firm in a deal valued at over $650 million, including debt, as part of a strategic review and will consider paying out a special dividend.
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Whole Foods Chases Shoppers With Minimarket Concept
The company is betting on small-format Daily Shops to win over fill-in consumers who make frequent grocery trips but buy only a few items.
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Energy & Utilities Roundup: Market Talk
Read about Galp, BP and more in the latest Market Talks covering Energy and Utilities.
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Financial Services Roundup: Market Talk
Read about Public Bank, Hub24 and more in the latest Market Talks covering Financial Services.
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Auto & Transport Roundup: Market Talk
Find insight on Great Wall Motor, Stellantis and more in the latest Market Talks covering the Auto and Transport sector.
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Basic Materials Roundup: Market Talk
Read about De Grey, Press Metal Aluminium and more in the latest Market Talks covering Basic Materials.
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Delivery Hero Faces Profit Hit From Spain’s Jobs Rule Change
Shares in Delivery Hero plunged after the company said its Spanish subsidiary would implement an employment-based model in the country, a move expected to hit profits by around $106 million in fiscal 2025.