Grocery delivery app Instacart Inc plans to focus on the sale of employees' shares in its U.S. initial public offering and does not intend to raise much capital for the company, the Wall Street Journal reported.
Amazon is buying Belgian company Cloostermans, a textile machinery manufacturer that now specializes in mechatronic automation tools. Cloosterman has been supplying the American retail giant since 2019.
Liz Truss was named as Britain's next prime minister on Monday, winning a leadership race for the governing Conservative party at a time when the country faces a cost of living crisis, industrial unrest and a recession.
The pandemic, mounting geopolitical tensions and Brexit have undermined the mass outsourcing model, prompting some buyers to build alternative production lines nearer to home, despite it being able to drive costs higher.
Meta Platforms Inc on Wednesday forecast current quarter revenue below estimates after the Facebook-parent recorded its first ever quarterly drop in revenue, amid a general weakness in the digital ad market.
U.S. retail sales rebounded strongly in June as Americans spent more amid soaring inflation, which could allay fears of an imminent recession but not change the view that economic growth in the second quarter was tepid.
Italy's data protection authority has formally warned Chinese-owned short video-sharing app TikTok about an alleged breach of existing EU rules to safeguard users' privacy, the watchdog said on Monday.