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Home > Latest

Lates News

date
14/09/2025
British retailer Sainsbury: Confirms it is in discussions about selling Argos to JD.com.
Latest
24 m ago
Market news: Iraq's Basra Natural Gas Company will receive $500 million in funding from international financial institutions for the construction of natural gas storage and export facilities.
25 m ago
Ukraine: The target of the drone attack on Wafa in Ukraine is the new oil refinery of Bash Petroleum Company.
39 m ago
The second largest supermarket chain in the UK, J Sainsbury Plc, is in negotiations with e-commerce company JD.com to sell its general merchandise company, Argos. Sainsbury's stated in an email on Saturday that "a deal with JD.com will accelerate the transformation of Argos." JD.com will bring expertise in retail, technology, and logistics, and its investment will drive Argos' growth. Sainsbury's said, "Any potential deal terms will include commitments made by JD.com regarding Argos to benefit customers, employees, and partners." The company did not provide any financial details of the potential deal. The British retailer stated that no agreement has been reached at this stage and it is unclear whether the transaction will proceed.
39 m ago
Report: British supermarket chain Sainsbury is in talks to sell its subsidiary Argos to Chinese company JD.com
40 m ago
Chief Representative of the International Monetary Fund in Pakistan: Disbursement of funds from the RSF depends on the successful completion of the EFF review, and a delegation will be dispatched to assess whether there remains flexibility in the 2026 budget for flood expenditures.
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