EUR/USD 1.16632
-0.129%
Gold 4651.66
0.754%
Oil 84.551
-2.015%
USD/JPY 159.093
0.062%
GBP/USD 1.36303
-0.119%
GBP/JPY 216.835
-0.066%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 25 – According to the Associated Press, the Trump administration is preparing to revoke the business and tourist visas of up to 200,000 foreigners who have applied for or are seeking asylum in the United States. If implemented, this would be the largest single visa revocation in U.S. history and is likely to face legal challenges. According to documents from the U.S. State Department obtained by the Associated Press and two U.S. officials, the State Department is expected to announce in the coming weeks the revocation of so-called B1 and B2 visas issued between 2016 and 2026 that the holders of which have applied for or are seeking asylum. This move will be coordinated with the Department of Homeland Security. A State Department spokesperson stated, “We are working with the Department of Homeland Security to identify and revoke nonimmigrant visas of foreigners who claimed to be short-term visitors but subsequently applied for asylum to remain permanently in the United States.” He declined to comment on the number of visas that might be revoked, saying, “Because this process will continue, the number of visas revoked will change and will be processed on a rolling basis.” U.S. officials stated that visa revocation does not necessarily mean immediate deportation; most of those currently awaiting asylum applications will be reclassified but will lose their business or tourist status.According to the Associated Press, the United States is preparing to revoke up to 200,000 business and tourist visas.On August 25, the Israel Defense Forces and the General Directorate of National Security (Shin Bet) issued a joint statement on the 24th, stating that the Israeli military struck two weapons depots belonging to the Palestinian Islamic Resistance Movement (Hamas) in the Gaza Strip that day.Modular power company Aggreko has filed for an IPO, seeking to list on the New York Stock Exchange under the ticker symbol "AGKO".On August 25th, Mokhber, an advisor to Irans Supreme Leader, stated on social media on the evening of the 24th that Irans response to US threats will be more resolute than ever before. Mokhber wrote on his social media account that the USs hostile strategies over the past 47 years, including sanctions, war, and attempts to divide Iran, have failed to achieve their intended results. Now, the US faces the challenge of internal unity within Iran and its deterrent capabilities in the Strait of Hormuz. He said, "This strategic failure is a clear warning to the US to continue making misjudgments," and Irans response will be more resolute than ever before.

According to Australian Retailer Woolworths, Inflation Is Driving Home Dining

Haiden Holmes

Feb 22, 2023 14:10

微信截图_20230222141146.png


Woolworths Group Ltd, a leading Australian retailer, said that an inflation-driven move away from dining out aided in boosting sales, driving its shares higher after its half-year earnings above expectations despite cost challenges.


Since COVID-19 lockdowns in 2020 prompted supermarket hoarding, Woolworths and its smaller competitor Coles Group (OTC:CLEGF) Ltd have witnessed significant fluctuations in Australian customer behavior. As lockdowns were lifted in 2021, and again in 2022, sales slowed as rising energy and labor costs pushed up shelf prices.


Woolworths said on Wednesday that cost-of-living constraints, including skyrocketing electricity prices and nine interest rate rises since May, are now beginning to benefit stores as consumers choose for in-home consumption.


Since the beginning of 2023, food sales have increased 6.5%, roughly in step with inflation, compared to just 2.4% in the six months leading up to the end of December, the business reported.


"The shift from eating in restaurants to eating at home has become more evident," said Chief Executive Brad Banducci to reporters.


He stated that a growing number of clients from all demographic groups are now preparing meals at home since eating out is becoming more expensive.


The company's net profit before significant items increased 14% to A$907 million ($622 million), above the Visible Alpha consensus estimate of A$877 million. The majority of the increase was attributable to employee back pay linked to a prior salaries miscalculation.


Similar to Tuesday's announcement of Coles' interim results, Woolworths' profit increase was aided by a dramatic drop in COVID-19-related expenditures.


At midday, Woolworths shares were up 2%, compared to a 0.3% decline in the overall index, as analysts hailed the potential of profit margin expansion at a business vulnerable to rising supplier prices.


Phillip Kimber, a retail analyst at E&P Financial, wrote in a client note, "The momentum in the core Australian Food industry remains strong, with sales growth rates above expectations in early 2H23."


Woolworths declared an interim dividend of 46 Australian cents per share, up from 39 Australian cents per share the previous year.

Suggestion