Last-minute holiday shoppers will find fewer options Wednesday, as most grocery stores shorten hours on Christmas Eve and some close earlier than usual.Why it matters: Christmas Eve is one of the busiest grocery shopping days of the year — and also one of the most limited. Shoppers scrambling for Ch…
Big brands such as Sainsbury’s and M&S also selling directly in app through links in videos and livestreamsIt is better known for its viral dances and for making hits out of forgotten songs, but the social media site TikTok is becoming a force to be reckoned with as a shopping platform.Major retaile…
Sovcomflot PJSC, Russia’s largest shipping company, received the first domestically built ice-class tanker to expand the fleet of ships hauling super-chilled gas from the blacklisted Arctic LNG 2 project year-round.
Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debtBusiness live – latest updatesBP has agreed to sell a majority stake in its $10bn (£7.4bn) lubricants business Castrol to the US investment firm Stonepeak, as the new chair, Albert Manifo…
Honda Motor Co. will buy out LG Energy Solution Ltd.’s facilities and other assets from their joint battery plant in Ohio for about 4.2 trillion won ($2.9 billion) as America’s pullback in electric vehicles continues to ripple across the industry’s supply chain.
Sanofi agreed to buy Dynavax Technologies Corp. for about $2.2 billion, as the French drugmaker tries to expand a vaccines business currently anchored by its flu shot franchise. The announcement came after the US Food and Drug Administration surprisingly rejected Sanofi’s experimental multiple scler…
BP Plc agreed to sell a majority stake in its Castrol lubricants division to Stonepeak Partners to raise about $6 billion. The UK oil giant will divest a 65% stake, retaining the remaining interest via a joint venture. Bloomberg’s Mitchell Ferman reports.
Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lun…