All of that bodes well for walmart which is forecast to report a 4 rise in sales. Results from the Worlds Largest retailer should also offer a glimpse into demand for back to school items. Traders are hoping that, despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail, jd. Com beat analysts forecast for Second Quarter revenue which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform and its users shopped more frequently as It Product Range expanded. It was a different story however for tencent where Earning Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weaker than expected growth. Domestic Gaming Revenue was little changed, a sign that the economic slowdown in
There are also interesting developments at sea where since the collapse of a major agreement last month that allowed ukraine to export grain through an agreed route through the black see it then announces humanitarian corridor without any kind of acknowledgement from russia which has continued to target commercial vessels. Yet we have a cargo ship leave the port of edessa this morning. It had been trapped there since before the invasion, and it continues to make its way south towards turkiye. There are some in the insurance and Shipping Industry that are rightfully nervous about this because russia enjoys quite a lot of dominance on the southern ukrainian coast. It uses its vessels to blockade ukrainian ports. And yet this vessel seems to have made its way through. More could follow but there is a big if here on whether russia decides to leave the vessels alone and it is a big if because it continues to strike ukrainian ports with drone strikes. As the war in ukraine continues, a bbc i
Its been four weeks since he apparently evaded an order to fly back to the us, and made his way to the Demilitarised Zone which separates the two koreas before running to the northern side. Pyongyang has now claimed private king was driven to come to north korea because of inhuman maltreatment and Racial Discrimination while serving in the us army. And the State News Agency goes on to claim that private king has admitted to crossing illegally, and has asked for refuge in the north. It is the first time north korea has Knowledged Detaining the soldier. The claims have not been verified, and in a press briefing, the white house has urged people to be mindful of where the statement was made when considering its validity. We would caution everyone to consider the source here, that is incredibly important, as we are hearing the report. We cant verify the comments that are being attributed to private king, obviously. We remain focused on his safe return to him as we have been saying for thes
Higher Profit Margins than expected as offered fewer discounts. All that bodes well for walmart which is due to report a 4 rise in sales. Results from the Worlds Largest retailer should also a glimpse into demand for back to school items. Traders are hoping that despite higher borrowing costs, it will show that us shoppers are still willing to spend on essentials. Staying with retail jd. Com Beat Analyst Forecasts for Second Quarter revenue, which rose more than 7 to nearly 40 billion. The chinese e commerce giants Focus On Lower priced products paid off in the fight for customers amid an economic slowdown. The company said it attracted more vendors to its platform, helped by lower thresholds and costs for them to join, and that users shopped more frequently as its Product Range expanded. It was a different story over at tencent where Earnings Results came in below estimates in the Second Quarter. Revenue grew 11 to just over 20 billion. Tencent s core Gaming Business experienced weake
Welcome news, but a long way to go. What happens now . Welcome news, but a long way to go. What happens now . Good morning. This is the first step what happens now . Good morning. This is the first step that what happens now . Good morning. This is the first step that does what happens now . Good morning. This is the first step that does indicate is the first step that does indicate they could be a socialist led government in the future weeks, but it was an inconclusive General Election with a hung parliament, so there is still a chance there will be a Repeat Election in a few months. Nothing is clear yet, but we know that might become certainty. We will see how this changes in the next few weeks. In principle there is a deal between the socialist. We will find out pretty soon. This is a deal between the socialist. We will find out pretty soon. Will find out pretty soon. This has all weighed will find out pretty soon. This has all weighed quite will find out pretty soon. This has all w