Monthly Archive: April 2018

0

Sainsbury’s to buy Asda from Walmart for $10.1 billion

LONDON — Sainsbury’s has agreed to buy Walmart Inc.’s U.K. unit, Asda, for 7.3 billion pounds ($10.1 billion) in cash and stock in a deal that would create Britain’s largest supermarket chain and marks a seismic shift in the country’s grocery market. The deal combines Britain’s second- and third-largest supermarket chains, giving the combined company […]

0

Sprint, T-Mobile have to sell $26.5B deal to antitrust cops

NEW YORK — To gain approval for their $26.5 billion merger agreement, T-Mobile and Sprint aim to convince antitrust regulators that there is plenty of competition for wireless service beyond Verizon and AT&T. The deal announced Sunday would combine the nation’s third- and fourth-largest wireless companies and bulk them up to a similar size to […]

0

Jordan, Israel, Palestinians in rare Japan-hosted meeting

AMMAN, Jordan — The Japanese foreign minister has presided over a rare meeting of Israeli, Palestinian and Jordanian officials to push ahead with an agro-industrial park intended to enhance cross-border trade and co-operation. Taro Kono, the Japanese minister, acknowledged late Sunday that it “has not been easy for the four parties to get together under […]

0

China factory activity eases, service sector gains in April

HONG KONG — China’s factory activity slipped by a fraction on slightly softer demand, a monthly survey released Monday showed. The official purchasing managers’ index came in at 51.4 for April, easing from 51.5 in the previous month but still above the 50-point mark that separates expansion from contraction on the index’s 100-point scale. The […]

0

Artificial intelligence promises advantages for airlines and their passengers

MONTREAL — Canada’s two largest airlines say artificial intelligence can be a game-changer for aviation by helping to boost revenues, pare costs and provide passengers with a more personalized travel experience. Air Canada and WestJet are joining airlines around the world by spending undisclosed amounts of money on AI in an effort to harness technology […]

0

Libya officials say 3 killed in plane crash near oil field

BENGHAZI, Libya — Libya’s oil agency says a transport plane has crashed just outside one of the country’s largest oil fields, killing three crew members. A statement by the National Oil Corporation said Sunday one other person was injured in the crash, about 2 kilometres (1.2 miles) southwest of the Sharara oil field. It said […]

0

Sprint and T-Mobile agree to combine in all-stock deal

NEW YORK — T-Mobile and Sprint announced Sunday that they reached an agreement to combine into a new company that would reshape the U.S. wireless landscape by reducing it to three major cellphone providers. The deal would help the companies slash costs and could make them a stronger competitor to the larger AT&T and Verizon. […]

0

China’s JD.com looks to Silicon Valley centre for innovation

NEW YORK — Self-driving delivery vehicles that are polite to pedestrians? Faster and more precise robotic arms? JD.com, the largest challenger to Alibaba’s e-commerce empire in China, is investing in technology to speed up warehouse operations and delivery to shoppers who want service quickly. In China, it’s testing drone delivery, has opened an automated warehouse […]

0

Trump’s jabs, feints on trade roil ag industry supporters

SHEFFIELD, Mont. — Montana rancher Fred Wacker had thousands of head of cattle fattening up along the Yellowstone River for export to China when President Donald Trump picked a trade fight with the Asian nation. The dispute threatens a $200 million deal that Wacker helped secure last year to ship Montana beef to China, yet […]