Amazon prepares further layoffs, with retail division among those hit – report
Amazon is planning a new round of corporate job cuts next week as it moves to eliminate approximately 30,000 white-collar…
23 Jan 2026
US investors seek trade action over South Korea’s handling of Coupang – report
Coupang’s two major stakeholders have called on officials in Washington, DC, to scrutinise how South Korea is treating the online retailer and to weigh potential trade actions in response. According…
23 Jan 2026
UK retail chief detects “hint of optimism” in consumer confidence
UK consumer confidence showed tentative signs of improvement in January as the latest BRC-Opinium sentiment index recorded a modest uptick in key measures of economic outlook and personal finances. The…
22 Jan 2026
L’Oréal to open Hyderabad beauty-tech hub with Rs35bn investment
French beauty company L’Oréal is set to launch a beauty-tech centre in Hyderabad, Telangana, India, in November 2026. The decision came after discussions between L’Oréal’s top management and a delegation…
22 Jan 2026
Zomato founder Deepinder Goyal to step down as group CEO
Zomato's parent company Eternal has announced that its founder and group CEO Deepinder Goyal will relinquish his executive role after 18 years. After his departure, Albinder Singh Dhindsa, the head…
22 Jan 2026
GoldenTree to invest $200m in Saks Global’s Chapter 11 financing
US-based GoldenTree Asset Management will invest $200m in a $1bn debtor-in-possession (DIP) financing for Saks Global Enterprises during its Chapter 11 restructuring. Founded by billionaire Steve Tananbaum, the credit-focused investor…
22 Jan 2026
Morrisons posts steady sales growth despite cost pressures
Morrisons reported stable trading for the 52 weeks to 26 October 2025 and stronger Christmas sales despite what it described as tough market conditions and external cost pressures. In an…