Markets
UK supermarket Tesco says sales jump in virus lockdown
Following today's release of Tesco Q1 figures for 2020/21, Thomas Brereton, retail analyst at GlobalData, a leading data and analytics company, comments: "With non-retail food options cut off, consumers have shifted spend to supermarkets at an unprecedented level over the past three months, and, with its national prominence, Tesco has been the first port of call for many". [Full Article...]
Wirecard UK: Customer Funds Frozen After FCA Imposes Requirements
Wirecard AG filed for insolvency on Thursday. An email from a anxious customer of mobile account Pockit has also landed in our inbox: "Wondering why my account has been frozen with pockit I've got rent to pay and kids to feed what is this all about?" "This is a massive issue for many customers who rely on the money placed in their U account for everyday essentials including the ability to p... [Full Article...]
Oil Prices Inch up as Demand Upswing Counters Virus Concerns
Both increases in USA crude oil production and inventories have spurred fears that the glut of global supply will be hard to eliminate in the second half of 2020 unless demand picks up. State-owned Oil India Limited (OIL) has reported that crude oil price realization during March quarter and 2019-20 financial year got adversely affected due to fall in global crude oil prices because of Covid-1... [Full Article...]
McDonald's To Bring Back Reduced Breakfast Menu In Some Restaurants
Coolock Retail Park, Malahide Road. Other breakfast favourites you can now tuck into are the bacon roll, cheesy bacon flatbread, pancakes and several versions of the classic McMuffin. Measures include one way systems marked out on the floor, limited numbers of diners being allowed inside at one time and stations providing hand sanitizer. [Full Article...]
Almost 20,000 Coronavirus Cases In India In 24 Hours For First Time
Of these, 2,03,051 patients are still under treatment. The country has the fourth-largest Covid-19 outbreak in the world, after the US, Brazil and Russian Federation, and has surpassed Iran in terms of their official death tolls. With 1,400 new infections, Mumbai's tally has climbed to 74,252. Maharashtra has reported the highest number of cases at 1,59,133 followed by Delhi at 80,188, Tamil... [Full Article...]
Walmart is facing backlash for selling an 'All Lives Matter' T-shirt online
The third-party company, identified as Old Glory according to Walmart's website , doesn't appear to support either movement, as they are selling shirts that say, " Black Lives Matter ", and "I Can't Breath", as well as " All Lives Matter", and "Blue Lives Matter". [Full Article...]
Shopping centre owner Intu heads into administration as debt talks fail
The company is the UK's biggest shopping centre group, with 17 centres in the United Kingdom and three in Spain . The company's complex finances meant the administrators would have to be paid upfront, the company said, and if it could not find the cash to do so said its malls might have to close for a short period. [Full Article...]
Ford F-150 breaks cover, sports hands-free driving
Ford announced SYNC 4 last October , with the first announced vehicle to include it being the upcoming electric Mustang Mach-E. That may make the F-150 one of many exclusively automobiles within the United States that has hands-free driving when the characteristic is out there, together with Cadillac's And GM's Tremendous Cruise-equipped automobiles and SUVs. [Full Article...]