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
you know, 5% is something people haven t seen for a long time also. and it s a good level of saving for most people given the expected outlook for inflation. well, let s take a look at agriculture and south east asia and how climate change and the el nino weather patterns are affecting food production in the region. the united nations says global rice prices have surged around 30% this year. and according to some experts, these extreme weather conditions stress the need to use more modern techniques in farming in asia. deepak moorti is an agriculture specialist with the consultancy firm mckinsey and company and he earlier he told me how climate change is acting as a catalyst for change in global food markets. i think if we talk about climate change in general, there are two things that we see will happen. number one is the fact that it s the main catalyst for supply shocks and a prolonged period of price volatility in the food supply chain. and the second one is the fact
and how climate change and the el nino weather patterns are affecting food production in the region. the united nations says global rice prices have surged around 30% this year. and according to some experts, these extreme weather conditions stress the need to use more modern techniques in farming in asia. deepak moorti is an agriculture specialist with the consultancy firm mckinsey and company and he earlier he told me how climate change is acting as a catalyst for change in global food markets. i think if we talk about climate change in general, there are two things that we see will happen. number one is the fact that it s the main catalyst for supply shocks and a prolonged period of price volatility in the food supply chain. and the second one is the fact that it will be the main driver for men and food to compete for land and water. now, the second one is particularly worrying given that we have a growing