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Kering shakes up underperforming Gucci
Kering shakes up underperforming Gucci
Kering announced Tuesday the departure of the long-time chief executive of Gucci, the luxury group's main brand which has struggled as...
2023-07-19 01:45
S.Korea to provide exporters $137 billion of policy financing until yr-end
S.Korea to provide exporters $137 billion of policy financing until yr-end
SEOUL South Korea will provide up to 181 trillion won ($137 billion) of cheap loans to exporters until
2023-09-04 07:50
Global Switch Weighs Carving Up $6 Billion Data Center Empire
Global Switch Weighs Carving Up $6 Billion Data Center Empire
Global Switch Holdings Ltd.’s Chinese owners are considering carving up the data center group in the hopes of
2023-08-07 09:50
Turkish lira crashes as new government sets sights on 'rational' policies
Turkish lira crashes as new government sets sights on 'rational' policies
Turkey's lira has plunged 7% to a record low in its biggest daily selloff since a historic 2021 crash, as the newly elected government appeared to loosen currency stabilizing measures in its switch to more mainstream policies.
2023-06-07 17:58
France orders Apple iPhone 12 sales halted over radiation
France orders Apple iPhone 12 sales halted over radiation
French regulators on Tuesday ordered Apple to halt sales of the iPhone 12 for emitting too much electromagnetic radiation, and...
2023-09-13 02:59
Volatility Grips Indian Bonds as Index Inclusion Chatter Returns
Volatility Grips Indian Bonds as Index Inclusion Chatter Returns
India’s government debt market is on tenterhooks again as traders assess the buzz around prospects for the nation’s
2023-09-18 17:17
China funds look to Mideast cash as US investments wane
China funds look to Mideast cash as US investments wane
By Summer Zhen HONG KONG Chinese funds are seeking new capital sources in the Middle East and other
2023-10-10 10:18
Rising labor costs are making AI stocks even more attractive
Rising labor costs are making AI stocks even more attractive
About 300 million full-time jobs across the globe could be lost (or greatly diminished) due to the recent boom in artificial intelligence, Goldman Sachs estimates.
2023-08-30 20:21
Delivery apps charge double for some supermarket groceries – Which?
Delivery apps charge double for some supermarket groceries – Which?
Ordering supermarket groceries via a delivery app such as Deliveroo, Just Eat or Uber Eats could cost twice the price of buying directly from the same store, according to Which? Meanwhile, Amazon is charging up to 45% more for Morrisons products than if they were bought from the supermarket’s own website, the consumer group found. Which? acknowledged that ordering groceries from Deliveroo, Just Eat or Uber Eats is “undeniably convenient” and could be received in as little as 30 minutes, but warned it found “shocking” price differences across a range of products in its snapshot investigation. It compared the price of a basket of 15 popular grocery items at five major supermarkets against the cost of ordering the same basket from the same supermarket to the same postcode via a delivery app, not including delivery fees. Almost all of the items were either more expensive on the delivery apps or the same price. Ordering groceries from Deliveroo, Just Eat or Uber Eats is undeniably appealing but the cost of this convenience could be double what you'd pay if you cut out the middleman Ele Clark, Which? Which? also found that customers would pay on average 8% more for Morrisons groceries via Amazon than by ordering directly from the supermarket. In one case, a 250g pack of Country Life unsalted butter cost 45% more on Amazon. The rapid delivery apps also charged a premium of as much as 106% in one instance. The Which? basket, which included branded goods such as Doritos crisps alongside own-label milk and ready meals, would have cost £36.63 from Iceland, but getting the same items delivered from the same Iceland store by Just Eat would have cost £50.50, not including delivery fees – a 38% premium. In some individual price differences, own-brand Fairtrade bananas cost 85p at Sainsbury’s and £1.75 on the three apps, Warburtons Toastie Thick Sliced White Bread cost £1 on Iceland’s website but £2 on Just Eat and Uber Eats, while Hovis Best of Both Medium Bread cost £1.19 on the Morrisons website but £2.05 from Uber Eats. Other examples included Asda own-brand Pinot Grigio costing £7 on the supermarket’s website and £9.10 on all three apps. Which? retail spokeswoman Ele Clark said: “Ordering groceries from Deliveroo, Just Eat or Uber Eats is undeniably appealing but the cost of this convenience could be double what you’d pay if you cut out the middleman. “As well as the extra cost on your groceries, you’ll probably have a delivery fee too, so it’s worth weighing this up before ordering anything to your door.” Customers who choose to order groceries via apps like ours do so because of the convenience, speed and choice on offer from rapid delivery Uber Eats A Deliveroo spokeswoman said: “The prices for grocery items available on the Deliveroo platform are set by our grocery partners. “Deliveroo always seeks to deliver great choice, availability and value for money to our customers, and we have agreed price-matching with our grocery partners including Morrisons, Co-op, Asda and more across hundreds of items.” An Uber Eats spokeswoman said: “Everyone who partners with Uber Eats sets their own prices and we always encourage them to match the prices offered in-store. “Customers who choose to order groceries via apps like ours do so because of the convenience, speed and choice on offer from rapid delivery.” A Just Eat spokeswoman said: “At Just Eat, we want all of our customers to have a positive experience when ordering from our platform. We work with more than 75,000 partners across the UK, giving our millions of customers access to choice and convenience through a variety of local takeaway options, restaurant brands and grocery stores. “As independent businesses, any restaurant or grocer using Just Eat are in control of their menus and set the prices they charge. We continue to work closely with our partners to bring value to our customers.” Amazon said that all prices of products sold through the ‘Morrisons on Amazon’ service were set by Morrisons, and added that being able to shop for Morrisons groceries on Amazon offered customers fast delivery options and value. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Therapist develops secret app to help abuse victims Artificial intelligence warning over human extinction labelled ‘publicity stunt’ ‘I feel lost’ – AI pioneer speaks out as experts warn it could wipe out humanity
2023-06-03 07:16
Singapore's Temasek cuts compensation for those responsible for FTX investment
Singapore's Temasek cuts compensation for those responsible for FTX investment
Singapore state investor Temasek Holdings said on Monday it had cut compensation for the team and senior management
2023-05-29 07:18
Heading home, Biden hopes McCarthy 'just waiting to negotiate with me' on debt limit
Heading home, Biden hopes McCarthy 'just waiting to negotiate with me' on debt limit
President Joe Biden says Republicans in the U.S. House must move off their “extreme positions” on the now-stalled talks over raising America’s debt limit
2023-05-21 23:24
Hengde Qin named Chief Financial Officer of Syngenta Group
Hengde Qin named Chief Financial Officer of Syngenta Group
BASEL, Switzerland--(BUSINESS WIRE)--Oct 20, 2023--
2023-10-20 21:27