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Business News

Sainsbury’s and Walmart’s Asda in talks about 10 billion pound merger: Sky News

LONDON (Reuters) – Sainsbury’s , Britain’s second largest supermarket, and Walmart , the world’s biggest retailer, are in advanced talks about a tie-up that would create ‎a more powerful rival to UK market leader Tesco , Sky News reported on Saturday.

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Trading Ideas

Trump says he has responsibility to resolve Korean conflict

President Donald Trump is claiming credit for a historic inter-Korean summit, but now faces a burden in helping turn the Korean leaders’ bold but vague vision for peace into reality after more than six decades of hostility. “It is still unclear whether North Korea still believes that it can have its cake and eat it too,” said Victor Cha, who until January had been in the running to become Trump’s choice for ambassador to South Korea. Cha said that while the atmospherics of the inter-Korean summit got an “A” grade, the meeting had failed to clarify whether Kim …read more […]

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Business News

China Fosun dials up tourism push with $1.74 billion Atlantis Sanya luxury resort

SANYA, China (Reuters) – China’s Fosun International Ltd on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan – China’s Hawaii – and a beacon to tourists domestic and abroad.

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