Economy

Vietnam retail king Masan bets on one-stop stores as foreign rivals converge

HANOI — Vietnam’s Masan Group started out making instant noodles. Now it has the stores to sell them, along with a host of other goods and services as Vietnam’s top retailer. The group’s expansion continued in September, when Masan opened the first of the all-in-one stores it calls “minimalls” under its Win brand. Lanh, an …

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Unemployed Silver Bay mine workers caught in a corporate tug-of-war as benefits run out

SILVER BAY, Minn. — Just off Hwy. 61, Cleveland-Cliffs’ Northshore Mining processing plant is a reddish industrial hulk on the north shore of Lake Superior and where just a fraction of workers are still employed. This plant and the mine in Babbitt, Minn., more than an hour away, have been idle since May 1 because …

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Croatia anticipates economic boost as it prepares to adopt euro

Ivo Božić, a stallholder selling trinkets at the Christmas market in Croatia’s capital Zagreb, is used to handling multiple currencies and thinks the transition will go without hitches when the country adopts the euro on January 1. “If you deal with tourists, you most certainly have several currencies in your head,” said Božić, whose wares …

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Russia’s war eclipses opposition to Japan’s nuclear policy shift

Amid concerns about a stable power supply fueled by Russia’s invasion of Ukraine — which has disrupted the commodity market and pushed up energy prices — Japan has signed off on a significant turnaround in its nuclear power policy. With the 2011 nuclear disaster in northeastern Japan propelling the government to reduce its dependence on …

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Inflation on minds of Americans during holiday; survey shows 40% planned to forego gifts – WLOS

Inflation on minds of Americans during holiday; survey shows 40% planned to forego giftsWLOS Holiday shopping season hurt by inflationCBS Evening News Holiday shoppers say inflation won’t be the Grinch that steals their ChristmasKMPH Fox 26 On holiday shopping’s final day, beware of an inflation hangoverThe Hill Holiday shopping procrastinators come back in force amid …

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Greenidge on brink of bankruptcy: Company pursues deal to sell most of its bitcoin mining machines

Greenidge Generation Holding Inc. warned this week that it may seek bankruptcy protection because it expects to run out of cash within two months, according to a Dec. 20 filing with the Securities and Exchange Commission. As a last-ditch effort to avoid a Chapter 11 bankruptcy filing, the company has engaged in debt restructuring talks …

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Investment powerhouse Japan earns 10% of GDP from overseas income

TOKYO — Japan has come to earn more from abroad thanks to active overseas direct and portfolio investments by Japanese businesses. Income from dividends, interest and other foreign sources topped 50 trillion yen ($378 billion) on an annualized basis in the July-September period, up 2.8 times over the past decade and close to 10% of …

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