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Countries respond to higher oil prices with fuel market policies

Countries across Europe, Asia and the Pacific are deploying a mix of policy tools to limit the impact of rising oil prices on domestic fuel markets.

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Retail payment changes expected as New Zealand advances open banking

New Zealand’s move towards open banking could reshape retail payments as regulators report progress on secure bank data sharing and payment systems.

Saks Global secures additional $300m from bankruptcy financing package

The luxury retailer, which entered Chapter 11 bankruptcy protection in January, said the latest funding tranche completes its “pre-emergence financing package”.

Dollar Tree returns to profit in fourth quarter as sales rise

The retailer reported a net income of $506.1m in the quarter, compared with a loss of $3.69bn the year before.

Kering forms jewellery unit and names Duplaix as CEO

The entity will combine the Boucheron, Pomellato, Dodo and Qeelin jewellery houses, alongside the group’s industrial assets.

RH-ISAC and Retail Council of Canada partner on retail cybersecurity

Under the arrangement, RCC members will gain access to RH-ISAC’s cybersecurity resources, tools and intelligence-sharing network.