India’s Tata to open 20 ‘beauty tech’ outlets, in talks with foreign brands

Tata plans expansion of beauty sector in latest retail bet Technological boost of Eyes with skin analyzers, virtual test in kiosks Tata targets at least 20 stores next year Company to face competition from Sephora, Nykaa NEW DELHI, Nov 16 (Reuters) – India’s Tata Group plans to open at least 20 “beauty tech” stores where … Read more

Paying off hackers is common, says top Australian govt cybersecurity firm

SYDNEY, Oct 25 (Reuters) – Corporate insurers routinely pay hackers a ransom for returning stolen customer data, a major Australian government cybersecurity provider said on Tuesday, as the country’s largest health insurer revealed the growing scale of a recent leak. The Macquarie Telecom Group Ltd claim (MACH.AX), which manages cybersecurity for 42% of Australian federal … Read more

Tapestry deepens push into China, undeterred by luxury market slump

SHANGHAI, Oct 26 (Reuters) – Baoji, an industrial city in northwest China with a population of 3 million, does not fit most people’s idea of ​​a luxury goods market. However, it will soon house a store of the American brand Coach. The store is one of 30 in China that Coach’s parent company, Tapestry Inc. … Read more

Walmart doubles down on Africa despite a decade of frustration

Walmart acquired stake in Massmart in its first foray into Africa The last decade has been a disappointment. Walmart now to take full control, delist Plan an e-commerce strategy to combat Amazon JOHANNESBURG, Oct 21 (Reuters) – In 2011, US retail giant Walmart Inc. (WMT.N) made a bet on Africa, buying a majority stake in … Read more

Analysis: British banks’ mortgage payday comes with sting in the tail

LONDON, Oct 10 (Reuters) – As British households head into a winter of soaring energy costs, a falling currency and near-double-digit inflation, the country’s banks are hoping for a good payday as prices for mortgages rise after a decade of stagnation. Banks are finding that the home loan market is stacked in their favor after … Read more

Baghdad’s historic homes crumble as real estate booms

BAGHDAD, Oct 6 (Reuters) – Overlooking the Tigris River in Baghdad, a 100-year-old Iraqi mansion sits dilapidated and abandoned. Visitors hoping to catch a glimpse of its faded glory are warned by a sign near the gate that reads: “Danger of Collapse.” The 16-room building once featured barred windows, delicate carvings, a balcony, and an … Read more

Rich mainland Chinese snap up luxury homes in Singapore despite tax hikes

SINGAPORE, Oct 6 (Reuters) – Wealthy mainland Chinese have been the biggest foreign buyers of expensive private property in Singapore this year as the city-state reaps the benefits of a post-pandemic reopening and a relatively strong currency, despite tax increases. Mainland Chinese buyers accounted for about a fifth of the 425 luxury units, set to … Read more

Tesco lowers profit sights as British shoppers face winter crunch

Sees fiscal year core retail profit at £2.4-2.5bn I was previously forecasting 2.4-2.6 billion stg H1 core retail profit fell 10% Says Brits are looking for an ‘affordable’ Christmas Shares fall 3.6% LONDON, Oct 5 (Reuters) – Tesco (TSCO.L)Britain’s biggest retailer forecast full-year profit at the low end of its previous guidance, blaming uncertainty over … Read more

Engine parts makers must cross ‘valley of death’ to reach EV era

KIDDERMINSTER, England, Oct 5 (Reuters) – Auto engine parts makers eyeing the promising electric vehicle market are grappling with a serious case of delayed gratification. Until electric vehicles really take off, auto parts makers face a perilous few years in which they must invest heavily in new machinery while battling declining sales of fossil fuel … Read more

PlayStation eyes new investment for PC, mobile push

TOKYO, Oct 4 (Reuters) – Sony Group Corp. (6758.T) The games business is seeking new investment to fuel its push into PC and mobile devices, a senior executive said, as the PlayStation 5 maker competes for talent with wealthy rivals and industry deals heat up. “Further investment in areas that will strengthen expansion to PC, … Read more