By Laura MatthewsNEW YORK (Reuters) -U.S. multinational companies are extending their currency hedges to longer periods to shield their cash flows from potential exchange rate volatility triggered by the Trump administration’s tariff policies. The change in duration reflects the heightened uncertainty for these multinationals in the rapidly changing global trading landscape, particularly amidst ...
SHANGHAI (Reuters) -Chinese e-commerce giant JD.com highlighted anti-competitive pressures on food delivery couriers in a social media post on Monday, alleging that other platforms were coercing couriers to avoid working with JD Takeaway.JD Takeaway began onboarding restaurants in February with promises of "zero commissions all year round", marking its entrance into China’s highly competitive fo ...
Investing.com -- Deutsche Post (OTC:DHLGY), also known as DHL Group, announced it will suspend high-value shipments to the United States starting Monday. The decision comes as the company faces delays due to increased customs clearances. The surge in formal customs clearances has resulted in multiday delays for goods valued more than $800, regardless of their origin.This issue is linked to new U.S ...
Investing.com -- JD.com Inc., a Beijing-based company, has announced plans to hire 100,000 full-time riders within the next three months. This move is seen as an effort to strengthen its food delivery services, as it competes against market leader Meituan.The company’s decision to increase its delivery workforce comes in response to a rival barring riders from accepting delivery orders from JD. ...