Investors invested billions into “rapid commerce” supermarket enterprises that promised to deliver goods within 15 minutes. That torrent of money has reduced to a trickle as enterprises turn from expansion to retrenchment. Jiffy, Gorillas and Zapp have all announced job reductions in recent weeks. AMSTERDAM, Netherlands, June 8 (Reuters) – The grocery delivery industry, which … Read more
WASHINGTON: The American economy is likely to saw strong job gains in the final month of 2021, which could shorten the timeline for the US central bank to raise interest rates. The Federal Reserve has been setting the stage to increase borrowing costs more aggressively to rein in growing inflation, and that prospect sent markets into … Read more
SEOUL: Samsung Electronics expects operating profits for the fourth quarter to soar 52.5 per cent, the South Korean tech giant said in a statement on Friday, spurred by record sales. The world’s biggest smartphone maker forecast 2021 fourth-quarter operating profits at around 13.8 trillion won ($11.5 billion), up from 9.05 trillion won in the same quarter … Read more
