Maersk to cut at least 10,000 jobs as shipping boom unravels

The company kept its full-year guidance for revenue and operating profit but now expects both to land at the lower end of the range


Walmart, Alphabet to test drone deliveries of up to six miles

Deliveries will begin in the coming weeks from a Walmart Supercenter in Frisco, Texas

Walmart ranks first on the top 25 global retailers survey

According to GlobalData’s ranking, half of the top 25 global retailers reported more than 8 per cent year-on-year growth in revenue despite the pandemic

Abu Dhabi’s ADQ and Qatar’s QIA among investors in latest Flipkart funding round

The latest funding round has boosted the Indian online retailer’s valuation to $37.6bn

Oracle, ByteDance issue conflicting reports on TikTok ownership

Divergent positions could scuttle the deal as US ban looms


Oracle to acquire 12.5% stake in TikTok Global

Video-sharing app to store all US user data on Oracle Cloud