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Walmart lifts earnings outlook after revenues rise
Walmart lifts earnings outlook after revenues rise
Economy
by  AFP

The US retail giant Walmart reported a rise in revenues on Thursday on increased e-commerce and advertising sales, and raised its outlook for the year. The results beat analyst estimates, causing it to raise its outlook for the year.

Chinese tech giant Alibaba's quarterly profit shrinks 29 percent
Chinese tech giant Alibaba's quarterly profit shrinks 29 percent
Economy
by  AFP

Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic slowdown. Alibaba runs some of China's most popular e-commerce apps and its performance is widely considered an indicator of broader economic trends.