Category: Business

  • The leaders are watching the German leader’s trip.

    The leaders are watching the German leader’s trip.

    Germany’s government on Friday approved the acquisition of a 24.9% stake in its port by Chinese state-owned shipping company COSCO. The deal will allow COSCO to operate the Hamburg port, one of the world’s busiest container ports. However, the US had reportedly warned China against acquiring a controlling stake in the port and that the…

  • Black Friday deals 2017: holiday decor and furniture.

    Black Friday deals 2017: holiday decor and furniture.

    US-based online retailer Wayfair has launched its second instalment of its “Way Day Sale” to mark the beginning of the pre-Black Friday sale. It’s offering a 20% discount on everything, including kitchenware, kitchen appliances, living room furniture and home accents, among other items. The sale will take place from October 28 to November 7.

  • We’re interested in what you have in mind for holiday shopping.

    We’re interested in what you have in mind for holiday shopping.

    The US’ National Retail Federation (NRF) expects retail sales for the combined November-December season to rise between 6% and 8% this year, compared with the 2021 holiday season. Holiday sales will rise to between $268 billion and $267 billion, compared to $238 billion in 2011. The NRF further said that online holiday sales will increase…