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Home > Latest

Lates News

date
13/09/2025
British retailer Sainsbury: Confirms it is in discussions about selling Argos to JD.com.
Latest
6 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.
6 m ago
Report: British supermarket chain Sainsbury is in talks to sell its subsidiary Argos to Chinese company JD.com
7 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.
12 m ago
International Monetary Fund's Chief Representative in Pakistan: The Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) have provided a crucial policy and financing framework to help maintain external balance and financial stability. Assessment of the losses caused by monsoon floods is still ongoing and the situation is still evolving.
13 m ago
Chief Representative of the International Monetary Fund in Pakistan: The people of Pakistan are facing the devastating impact of flooding, and we extend our deepest condolences to them.
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