Sainsbury’s delivered some welcome cheer from the under-pressure supermarket sector as it increased its profit outlook for the year after narrowing sales falls.

British supermarket chain Sainsbury’s raised its full-year profit forecast on Wednesday after posting a better than expected quarterly performance, ra(...)

European Commission president Jean-Claude Juncker. He will be questioned at a hearing in Brussels. Photograph: AP Photo/Christian Lutz

Lobbyists representing internet company Facebook could be banned from entering the European Parliament following a request by the parliament’s special(...)

Iseq heavyweight CRH had another good day. Photograph: Brenda Fitzsimons

European shares eased back yesterday, having already recouped nearly all their losses from a bruising 8 per cent drop earlier this week, with markets(...)

Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. The consensus was for $4.77 per share. Photograph: Saul Loeb/AFP/Getty Images

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding work(...)

 Sales at Wal-Mart’s British supermarket Asda fell for a fourth straight quarter on Tuesday, down 4.7 percent to confirm its position as the weakest performer in a sector hammered by the growth of discount retailers

Wal-Mart’s British supermarket chain Asda slumped to its worst quarterly sales performance in the 16 years it has been owned by the US group, with res(...)

The humidity of the American Deep South is a force to be reckoned with. A week into our Alabama to Charleston road trip and neither my hair (natura(...)

Employment gains in July were concentrated in service industries.

US employment rose at a solid clip in July and wages rebounded after a surprise stall in the prior month, signs of an improving economy that could op(...)

Amazon overtook Walmart on Thursday to become the largest US retailer by market capitalisation. Photograph: Eduardo Munoz/Reuters

For the last few years, US retail giant Walmart has been trying to beat Amazon at its own game: online retail. In a surprising turnaround this week, A(...)

Yanis Varoufakis: the former Greek finance minister’s book on the global economy is uneven, but his basic diagnosis may be correct. Photograph: Christian Hartmann/Reuters

This is some time to be reviewing Yanis Varoufakis. Greece teeters on the edge of the euro zone, its fate a matter of ferocious dispute between Europe(...)

A customer passes a sales display of oranges and pineapples in the fruit and vegetable section of an Asda supermarket. Britain’s “Big Four” supermarket chains, Tesco, Asda, Sainsbury and Morrisons, have become embroiled in a price war, but have been accused of misleading prices. Photograph: Simon Dawson/Bloomberg

Britain’s competition regulator has found that some customers are being misled by the country’s embattled supermarkets and ordered the retailers to pr(...)