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Japan's retail sales fall for third straight month

Japan's retail sales fall for third straight month

Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring its fragile economic recovery from last year's slump.
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China potential economic output may grow 5%-5.7% over five years - central bank working paper

China potential economic output may grow 5%-5.7% over five years - central bank working paper

China's potential economic output is expected to grow 5%-5.7% over the next five years, according to a central bank working paper published late on Thursday.
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India's economic revival to be 'unabated' despite coronavirus surge - RBI chief

India's economic revival to be 'unabated' despite coronavirus surge - RBI chief

A revival in India's economic activity should continue "unabated" despite a recent surge in coronavirus infections in many areas, the chief of the Reserve Bank of India said on Thursday.
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Rocket Internet Growth Opportunities prices IPO at $10 per share

Rocket Internet Growth Opportunities prices IPO at $10 per share

German startup investor Rocket Internet’s tech-focused blank cheque company Rocket Internet Growth Opportunities said on Tuesday it priced its initial public offering (IPO) in New York at $10 per share.
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Tencent boss meets China antitrust officials as scrutiny widens

Tencent boss meets China antitrust officials as scrutiny widens

Pony Ma, the founder of Tencent Holdings, China's biggest social media and video games company, met with China's antitrust watchdog officials this month to discuss compliance at his group, two people told Reuters.
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Amazon workers strike in Italy over pandemic-driven delivery demands

Amazon workers strike in Italy over pandemic-driven delivery demands

Amazon workers in Italy went on a 24-hour strike on Monday in the first such action by the U.S. company's entire logistics operation in the country, including third-party delivery service providers.
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Alexi McCammond resigns as editor of Teen Vogue

Alexi McCammond resigns as editor of Teen Vogue

The publication’s recently appointed editor-in-chief has resigned from her new position before officially starting, following backlash related to anti-Asian and homophobic tweets she posted a decade ago.
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Australia's biggest lender to take on Afterpay, PayPal in buy now, pay later race

Australia's biggest lender to take on Afterpay, PayPal in buy now, pay later race

Commonwealth Bank of Australia on Wednesday became the first major lender in the country to offer its own "buy now, pay later" service, taking on U.S. payments giant PayPal and Afterpay with the promise of lower fees.
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China asks Alibaba to dispose of media assets: WSJ

China asks Alibaba to dispose of media assets: WSJ

China's government has asked Alibaba Group Holding Ltd to dispose of its media assets, the Wall Street Journal reported on Monday, citing people familiar with the matter.
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2022 to be first $1 trillion year for US e-commerce

2022 to be first $1 trillion year for US e-commerce

According to a new report from Adobe, in line with current growth trends, next year is expected to be the first in which annual e-commerce sales exceed $1 trillion in the United States.
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Rakuten shares jump 24% on Japan Post stake sale

Rakuten shares jump 24% on Japan Post stake sale

Rakuten Inc’s shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.
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China's JD.com in talks to purchase stake in brokerage worth $1.5 billion - sources

China's JD.com in talks to purchase stake in brokerage worth $1.5 billion - sources

JD.com Inc is in talks to buy part or all of a stake in brokerage Sinolink Securities worth at least $1.5 billion, three people said, as the e-commerce major aims to bolster its financial services operations.
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Activist investor group cuts Kohl's director nominees to five from nine

Activist investor group cuts Kohl's director nominees to five from nine

A group of activist investors with a combined 9.5% stake in Kohl’s Corp on Thursday reduced the number of directors it plans to nominate to the department store’s board to five from nine.
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China's JD.com cashes in on steady online demand, beats market expectations

China's JD.com cashes in on steady online demand, beats market expectations

JD.com Inc’s fourth-quarter revenue beat expectations on Thursday as more shoppers flocked to its website on the back of a broader shift to online shopping triggered by the COVID-19 pandemic.
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U.S. households ended 2020 with record $130.2 trillion in wealth, Fed says

U.S. households ended 2020 with record $130.2 trillion in wealth, Fed says

U.S. households ended 2020 with a record $130.2 trillion in wealth, the Federal Reserve said on Thursday, as rock-bottom interest rates and a massive fiscal rescue stemmed the pandemic's economic fallout.
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PayPal brings its 'buy now, pay later' offer to crowded Australia

PayPal brings its 'buy now, pay later' offer to crowded Australia

PayPal Holdings Inc will launch its "buy now, pay later" (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday, muscling in further on Afterpay Ltd and others for share in the booming industry.
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