Category: Business

PayPal Holdings Inc (PYPL.O) will no longer charge customers late fees when they miss payments on buy now, pay later (BNPL) purchases globally, as competition heats up in the fast-growing sector. The changes will be effective from October in the United States, the United Kingdom and France, the San Jose, California-based company said on Wednesday. […]

Volkswagen AG’s (VOWG_p.DE) Mexico unit said on Wednesday that it had agreed with a workers’ union to a 5.5% salary increase. The deal with the Independent Union of Volkswagen Automotive Industry Workers (SITIAVW), also included a 1% increase to workers’ savings funds, the company said in a statement. The agreement was reached in “an environment […]

TJX Cos Inc (TJX.N) on Wednesday beat market estimates for quarterly net sales, as the easing of COVID-19 curbs prompted Americans to return to brick-and-mortar stores ahead of the reopening of schools. Off-price retailers including TJX’s T.J. Maxx and Burlington Stores (BURL.N) weathered a tough 2020 when the pandemic accelerated a shift to e-commerce as […]

Hosts in China’s livestreaming industry should speak Mandarin and dress appropriately when they market products online, the country’s commerce ministry said on Wednesday, as it looks to tighten its oversight of the sector. Livestreaming marketing has seen its popularity surge in the last two years among brands like L’Oreal, Nike, Dyson and online shoppers, and […]

China’s Geely Automobile Holdings Ltd (0175.HK) retained its annual sales target on Wednesday, betting that new vehicle launches will offset the short-term impact of a global chip shortage and a resurgence of the coronavirus pandemic. The company’s upbeat forecast and a strong first-half revenue growth helped send shares of the Hangzhou-based car maker up nearly […]

Britain’s markets regulator has been urged to sanction cruise ship company Carnival (CCL.L) and food delivery company Just Eat Takeaway.com for poor disclosures in a complaint seen by Reuters. Both companies have breached their legal obligations by failing to adequately tell investors the risk climate change poses to their businesses, legal NGO ClientEarth said. While […]

Danish brewer Carlsberg (CARLb.CO) raised its full-year earnings guidance on Wednesday after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels. The world’s third-biggest brewer said beer volumes in key markets China and Russia rose to “well above” 2019 levels. It registered 2% organic growth in overall beer volumes in the first six […]