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Walmart tears up China online strategy with JD.com stake sale

* Walmart’s sale of $3.74 billion stake in JD.com reflects broader strategic withdrawal from unprofitable markets * Walmart’s reliance on JD.com has diminished since the pandemic * Walmart to maintain a commercial relationship with JD.com despite stake sale By Siddharth…

Thailand postpones BIMSTEC summit

Thailand has postponed its hosting of next month’s BIMSTEC summit of the leaders of seven mostly South Asian countries until after a new administration is formed, its foreign ministry said on Friday. Thailand currently has a caretaker government following a…

Japan’s economy expands annualized 3.1 pct in Q2

TOKYO, Aug. 15 (Xinhua) — Japan’s economy expanded at an annualized 3.1 percent in the April-June quarter of 2024, the government said in a report on Thursday. This marked a rebound from the annualized real 2.3-percent contraction in the January-March…

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