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Trumps Venezuela oil meeting starts with few concrete promises
Posted onUS President Donald Trump met with oil executives in Washington on Friday, as he pushed for major investments in Venezuela. But no major financial commitments were immediately forthcoming from the meeting, with the head of ExxonMobil warning the South American country was currently “un-investable”. Trump has said he expects big oil companies to direct “at…
Walmart becomes first retailer to hit $1tn market value
Posted onWalmart is the biggest brick-and-mortar retailer in the US and is known for its low prices. It has benefited from a trend of higher earners trading down to lower-priced items, as the jobs market cools and inflation persists. Its speedy home delivery offering has also enticed shoppers from households across income brackets.
Rising US prices could widen divide between haves and have-nots
Posted onDanielle KayeBusiness reporter Danielle Kaye/BBC Yanique Clarke says “prices are really drastically high” for meat, vegetables and fruit There’s a divide in the US economy between the haves and the have-nots. And accelerating inflation, driven in part by tariffs, could make it worse. Government data points to the early stages of businesses passing on the…
Entertainer founder hands over toy shop chain to staff
Posted onEmma Simpson Business correspondent The Entertainer The Entertainer has 160 stores in the UK The founder of the UK’s biggest toy chain, the Entertainer, is handing over control of the business to his 1,900 workers. Gary Grant opened his first shop with his wife Catherine in 1981 when he was 23. He’s now 66, and…
