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
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
For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the
likely see and it could be quite promising, but that north easterly breeze will continue to push in some cloud off the north sea and a few scattered showers come running down to east anglia. cool, 13 or 1a but up to east anglia. cool, 13 or 1a but up to the west 17 or 18 the tip the start of the week and looks a bit more promising, that high pressure continues to build, dry, settled and sunny and there could be more showers, i m afraid, on sunday. thanks, louise. and that s bbc news at ten. there s more analysis of the day s main stories on newsnight with victoria derbyshire, which is just getting under way on bbc two. the news continues here on bbc one, as now it s time to join our colleagues across the nations and regions for the news where you are, but from the ten team it s goodnight. and what does that tell us about the state of the criminaljustice system in england and wales under the party that claims to be the one of law and order? tonight, exclusive figures reveal h
at the capitol building in washington injanuary last year, when supporters of donald trump tried to prevent the peaceful transfer of power to president biden. the congressional committee has spent almost a year investigating the attack. now on bbc news, counting the cost. millions of people around the world are facing increasingly difficult decisions amid rising food and energy costs. the world bank has warned the war in ukraine is set to cause the largest commodity shocks since the 1970s, with the price of wheat, cotton and natural gas affected, set against a backdrop of global supply disruptions because of covid lockdowns, and the effects of climate change on crop yields, many people are facing a fall in living standards and it is pushing many to the edge of crisis. our correspondents around the world have been looking at the challenges faced by many different countries and we start here in brazil, one of the world s largest agricultural exporters, now struggling to feed it