Online sellers growing weary of Amazon's limitations -- and competition -- are finding other means of selling their wares. Many are turning to an outfit called Shopify (NYSE: SHOP), which provides a variety of online-selling services to over 1.7 million businesses. The thing is, Shopify is still just getting started.
The potential tie-up would be one of the biggest takeovers in UK history.
China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell said on Monday. Shell is one of the largest global investors in China's energy sector, with business covering gas production, petrochemicals and a retail fuel network. A leading supplier of liquefied natural gas, it has recently expanded into low-carbon business such as hydrogen power and electric vehicle charging.
Analysts say GSK is right to rebuff £50bn offer for consumer healthcare venture. Unilever’s offer represents only a modest premium to its current value, according to some leading analysts
BRUSSELS (Reuters) -More than 2 billion euros of European Union funding to help businesses save energy contributed little to climate change targets and in some cases funded investments that would have happened anyway, auditors said on Monday. The EU regards curbing energy use as essential to meeting goals to cut greenhouse gas emissions, and record high gas and power prices in recent months have increased the focus on measures to save energy. But so far, EU funding to support energy savings for businesses has not been effective, the European Court of Auditors said in a report.
Shares in Marmite maker Unilever are sharply lower after it made an audacious swoop for GlaxoSmithKline's consumer healthcare arm. The food giant told investors that the Glaxo unit is a “strong strategic fit” as part of it pursuit of sales categories with higher rates of sustainable growth. The developments came as the City also digested the resignation of former Lloyds boss António Horta-Osório as chairman of Credit Suisse.
Bain Capital is looking to bid for a stake in the benefits and rewards services unit of French food caterer Sodexo as the Paris-listed firm is on the lookout for investors that could help fund the group's turnaround, sources told Reuters. Sodexo, which has a market value of 12 billion euros ($13.7 billion), is looking to sell a minority stake of about 30% in the business which has been driving the group's post-COVID recovery by providing employee benefit programmes as well as meal vouchers and gift cards, one of the sources said, speaking on condition of anonymity. Sodexo's benefits unit delivered a 7% jump in organic revenues in its latest quarterly results.
The chairman of Credit Suisse resigned Monday over Covid quarantine violations, leaving the bank's new risk committee chief holding the reins and tasked with trying to stabilise the scandal-hit institution.
BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending. Competition for offshore wind sites has intensified as governments and investors have woken up to the urgency of cutting carbon emissions, with oil majors making high bids. Crown Estate Scotland, which manages the Scottish seabed, said on Monday that proceeds from the first such leasing deal in around a decade will go to the devolved Scottish government.
Sir Antonio Horta-Osorio is in line for a payout of up to £3.8m after stepping down as chairman of Credit Suisse over a trip to Wimbledon in breach of Covid rules.
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The online retailer had intended to introduce the changes from Wednesday, having warned customers that the card company’s fees were too high.
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The Swiss bank reportedly discovered that Horta-Osório had broken UK quarantine laws in the summer to attend the Wimbledon tennis tournament.
Edinburgh-based firm joins pilot study into shorter working week run by Oxford and Cambridge academics
The lithium-borates project near Loznica in the western Jadar valley is slated to position the Anglo-Australian miner as Europe's largest lithium supplier for at least next 15 years amid a boom in electric vehicle sales. The mine has faced opposition from environmental activists and local communities over concerns of environmental damage, forcing the local municipality last year to scrap a plan to allocate land for the facility. The Balkan nation will decide whether Rio can proceed with developing the mine after a general election in April, its prime minister told Reuters earlier this month.
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In his book Reality+ David Chalmers says the material world may lose its allure as VR technology advances
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