Business

Whole Foods purchase gives Amazon 'first step' into Canadian grocery business

Whole Foods purchase gives Amazon 'first step' into Canadian grocery business

On Friday, Wal-Mart said it would buy Bonobos, a popular internet apparel retailer; a year ago, it acquired Amazon competitor Jet.com and appointed that company's chief executive, Marc Lore, to strengthen its e-commerce operation. But she would never buy food online, she said. On the flip side, Amazon could use Whole Foods stores as pickup locations for deliveries, an option Amazon already offers in many cities by installing lockers at 7-Eleven and other retailers.



Trump Steps Up Attacks on Russia Probe's Leaders

He also said it would be up to Mr Mueller to decide whether Mr Trump's action amounted to obstruction of justice, an act that could be cited in any effort in the Republican-led Congress to impeach him and remove him from office. The probe has reportedly expanded to include whether Trump fired Comey in an attempt to obstruct justice . Trump also attacked the media Friday morning.



US Fed raises benchmark interest rate for third consecutive quarter

The latest Q-2 GDP (gross domestic product) estimate was stronger than the previous reading of 3.0% calculated on 9 June, the Atlanta Fed said . "In view of realised and expected labour market conditions and inflation , the FOMC ( Federal Open Market Committee ) chose to raise the target range for the federal funds rate to 1 to 1.25 per cent", the American central bank said in a statement after concluding its two-day monetary policy meeting.


Fed should be cautious on further rate hikes, Kaplan says

Fed should be cautious on further rate hikes, Kaplan says

The same day the Fed announced the rate hike, the consumer-price. Even so, the FOMC acknowledged that inflation had been running somewhat below its target and said it was monitoring developments "closely". St. Louis Fed President James Bullard, who unlike Kashkari does not vote on the Fed's monetary policy committee this year, has said for about a year that he believes rates do not need to rise in a low-growth environment like the current one.



London fire: UK Prime Minister Theresa May rushed away from protesters

Residents and victims have expressed outrage at Prime Minister Theresa May, who visited the site the day before without meeting with local residents. Dozens of police officers had to hold back angry crowds and break up scuffles as her vehicle drove off afterwards.


Britain should stress jobs, prosperity in Brexit talks - Hammond

Britain should stress jobs, prosperity in Brexit talks - Hammond

The government on Saturday said parliament would hold a special two-year session starting this week, sitting for double the normal time to allow it to overhaul European Union legislation. The event was cancelled in the wake of the Grenfell Tower tragedy. His comments are likely to be seen as a further indication he is pressing for the Government to take a "softer" line on Brexit than the immigration-driven approach previously set out by Theresa May .