International News

The McDonald's restaurant chain is again inviting bids for the sale of part of its stake in McDonald's Holdings, a company that manages the brand's operations in Japan, after an unsuccessful attempt in 2015. The parent company, which owns around...

Apple's iPhone 7, iPhone 7 Plus and iPhone 6s were the three most popular smartphones in the US at the beginning of the three-month holiday period last year, making a combined share of 31.3 per cent, media reported. At 55.3...

Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire ailing fashion retailer American Apparel for $88 million in cash. Gildan said on Tuesday it will buy manufacturing equipment and intellectual property rights related to American Apparel, but the...

Fast food giant McDonald's will set up its largest franchisee outside the US in China. The US food chain on Monday announced it would partner with a group of investors, making the new company the largest franchisee outside America, Xinhua...

Jack Ma, founder and chairman of China's e-commerce giant Alibaba, on Monday met with US President-elect Donald Trump and discussed plans to help US small businesses sell products to China through the company's platform. "I think the President-elect is very...

Indian-origin shop-owners are locked in a naming row with one of Britain's biggest retail chains, Sainsbury's, after they decided to name their local store in south-east England Singhbury's, according to a PTI report. Co-owners Inderjit Singh Nagpal and Manmeed Singh...

Celebrity chef Jamie Oliver is set to close six of his Italian restaurants after tough trading and the pressures and unknowns following the Brexit vote. Oliver intends to close Jamie's Italian restaurants in Aberdeen, Exeter, Cheltenham, Richmond, Tunbridge Wells and...

America's largest department store chain Macy's said it is shutting down 68 stores and cutting more than 10,000 jobs, the media reported. The announcement on Wednesday was issued alongside an unfavourable earnings report, showing comparable store sales dipped 2.1 per...

The state-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity, a media report said on Thursday. Director-General of the Cambodia Post, Ork Bora, said that after a...

CB Insight's Zoe Leavitt recently discovered Amazon had filed for the patent in December 2014 for its Airborne Fulfillment Center (AFC). The online retailer had consequently, in April 2016, received the patent for its warehouse in the air. The e-commerce giant says that...

Retail store brands Sears and Kmart announced their latest round of store closures on Tuesday, as accounted by Business Insider. Sears and Kmart will be closing 30 more stores in 2017 as the two retailers watch sales and revenue continue...

In an effort to expand its market to Southeast Asia, technology giant Apple has partnered with Taiwanese electronics major Foxconn, media reports said. According to a report on DigiTimes on Monday that cited a Chinese-language Economic Daily News report, Apple...

The largest police union in the US has urged online retailer Amazon to stop selling a controversial shirt related to the 'Black Lives Matter' protest movement. Last week, the shirt, which carries the words "Bulletproof: Black Lives Matter", was removed...

Amazon.com, the US-based e-commerce behemoth is continuing its push into the private label business with the launch of its newest food label, Wickedly Prime. Wickedly Prime is the first brand since the debut of Amazon Elements two years ago to...