Qatar’s sovereign wealth fund invested 82.78 billion rupees ($1 billion) into India’s biggest brick-and-mortar retailer as Asia’s richest man Mukesh Ambani looks to rapidly expand its operations and take on global competitors including Amazon.com Inc. and Walmart Inc.
Foot Locker Inc. plummeted after cutting its full-year forecast and reporting results that fell short of Wall Street’s expectations amid concern over weakening spending patterns. The retailer also suspended its dividend.
New Development Bank, the multilateral lender founded by the BRICS group of emerging-market countries, aims to increase the share of funding it raises in local currencies to 30% from less than 20%, according to its chief financial officer.
The second ‘sickest’ day of the year falls after Super Bowl Sunday in February.
Mallinckrodt Plc plans to file bankruptcy for the second time in less than three years after battling business declines and struggling to keep up with payments on a $1.7 billion settlement resolving a wave of lawsuits accusing the drugmaker of fueling the US opioid epidemic.
Starbucks Corp. is adding new cold drinks to its fall lineup, a sign the beverages have become so popular customers are expected to keep demanding them as the weather turns chillier.
Roishetta Ozane knows a thing or two about pollution.
MMC Norilsk Nickel PJSC has established an office in Dubai, becoming the largest Russian metals and mining firm to set up in the United Arab Emirates following the Kremlin’s war in Ukraine.
Hundreds of ships were left unable to move between the Black Sea and the Aegean after Turkey closed the Dardanelles Strait to clear the area for planes fighting nearby forest fires.
New energy will be used to power old as the world’s biggest floating wind farm sends electricity to major oil fields in the North Sea.
