Price and cost-cutting measures at Ocado Group Plc helped its joint venture with Marks & Spencer Group Plc lure back customers, with the average shopping basket up 4% in the third quarter. The company reiterated guidance that it should return to marginal profit this year.
Ocado Group Plc said its online retail joint venture is making some progress, with volumes showing a slight recovery as shoppers hunt around for affordable food.
Stocks declined on concern policy decisions from major central banks this week will stay hawkish as inflation remains a threat. The rally in oil gathered pace, with Brent touching $95 per barrel.
The German state of Saxony and Taiwan Semiconductor Manufacturing Co. are working together on an exchange program that will bring Dresden students to Taiwan for internships in a push to foster chip talent.
Taiwan Semiconductor Manufacturing Co. and Arizona authorities are talking about adding advanced chip packaging capacity to the chipmaker’s plants in the state, Governor Katie Hobbs said in Taipei on Tuesday.
Astanor Ventures has raised a new fund to invest in solutions to agriculture and the biodiversity crisis.
Asian stocks fell amid concern policy decisions from major central banks this week will stay hawkish amid the threat of inflation. The rally in oil gathered pace with crude approaching $95 per barrel.
Chinese Defense Minister Li Shangfu has disappeared from public view, adding to speculation about potential trouble within the upper echelons of the nation’s leadership.
SoftBank Group Corp.’s stock fell as much as 4.3%, the biggest intraday fall in more than a month, as profit-taking weighed on newly-debuted chip unit Arm Holdings Plc’s shares.
Asian stocks opened mixed, reflecting Wall Street’s cautious start to a week with rate decisions by major central banks that will likely set the tone for global markets for the rest of the year.
