UK's M&S resumes online orders following cyber incident
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The Star
41 minutes ago
- The Star
Amazon expands same-day grocery delivery to perishable foods to compete with Instacart, Walmart
FILE PHOTO: A downtown building is wrapped in Amazon Prime advertising ahead of Comic-Con International, in San Diego, California, U.S. July 22, 2025. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) -Subscribers to Prime service can now receive strawberries, milk, meats and frozen dinners on the same day they order them as the company expands its fast-delivery optionto perishable food items, Amazon announced on Wednesday. It is the latest move by Amazon to compete with grocery delivery services offered by Walmart+ and Instacart. Shoppers in more than 1,000 U.S. cities - including Phoenix; Raleigh, North Carolina; and Tampa, Florida - can get ice cream delivered to their doors within hours, while Amazon plans to expand the service to 2,300 cities by the end of the year. The company announced in June that it is investing $4 billion to bring same-day and next-day delivery services to more than 4,000 rural U.S. communities by the end of the year. Previously, Prime subscribers' grocery orders were fulfilled through Amazon Fresh or Whole Foods. Now the additional service will complete orders through its same-day delivery logistics locations. Same-day delivery is free for Prime members, who pay $14.99 monthly or $149 annually, for orders over $25. Walmart's membership service, Walmart+, costs $98 a year and offers same-day delivery in under three hours—with some orders arriving in as little as 30 minutes. As the largest grocery retailer in the United States, most of Walmart's deliveries tend to be dry groceries and perishables. In May, Walmart said it will soon be able to offer delivery within three hours to 95% of the U.S. population, and that faster delivery speeds are helping drive its business. Between February and April, Walmart reported a 91% increase in deliveries under three hours compared with the same period last year. Amazon shoppers "can order milk alongside electronics; oranges, apples, and potatoes with a mystery novel; and frozen pizza at the same time as tools for their next home improvement project - and check out with one cart and have everything delivered to their doorstep within hours," Doug Herrington, chief executive of Worldwide Amazon Stores, said in a press release. E-commerce giant Amazon has struggled in previous years to get shoppers into its physical stores. While the company is focusing on its U.S. grocery experience, it is facing hurdles in the UK with its suppliers, a study by British grocery regulator the Groceries Code Adjudicatorfound. (Reporting by Arriana McLymore in New York City; Additional reporting by Siddharth Cavale in New York City; Editing by Matthew Lewis)
The Star
2 hours ago
- The Star
Musk's bid to dismiss OpenAI's harassment claims denied in court
FILE PHOTO: OpenAI logo is seen in front of Elon Musk photo in this illustration taken March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -A federal judge on Tuesday denied Elon Musk's bid to dismiss OpenAI's claims of a "years-long harassment campaign" by the Tesla CEO against the company he co-founded in 2015 and later abandoned before ChatGPT became a global phenomenon. In the latest turn in a court battle that kicked off last year, U.S. District Judge Yvonne Gonzalez Rogers ruled that Musk must face OpenAI's claims that the billionaire, through press statements, social media posts, legal claims and "a sham bid for OpenAI's assets" had attempted to harm the AI startup. Musk sued OpenAI and its CEO Sam Altman last year over the company's transition to a for-profit model, accusing the company of straying from its founding mission of developing AI for the good of humanity, not profit. OpenAI countersued Musk in April, accusing the billionaire of engaging in fraudulent business practices under California law. Musk then asked for OpenAI's counterclaims to be dismissed or delayed until a later stage in the case. OpenAI argued in May its countersuit should not be put on hold, and the judge on Tuesday concluded that the company's allegations were legally sufficient to proceed. A jury trial has been scheduled for spring 2026. (Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath)
New Straits Times
2 hours ago
- New Straits Times
Ringgit rises for thurd day on softer US dollar following lower-than-expected CPI data
KUALA LUMPUR: The ringgit extended its gains against the US dollar for the third straight day, as the greenback's safe-haven status weakened following lower-than-expected US Consumer Price Index (CPI) data for July, which fuelled expectations of a September interest rate cut. At 6 pm, the local note appreciated to 4.2040/2085 versus the US dollar, up 0.57 per cent from Tuesday's close of 4.2290/2320. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the softer-than-expected US inflation rate of 2.7 per cent in July was largely driven by a moderation in the owner's equivalent rent (OER) to 4.1 per cent, after holding at 4.2 per cent for two straight months. OER accounts for about 25 per cent of the Consumer Price Index (CPI) weightage, he said. "It appears that a weak labour market and stable inflation rate would tilt the balance for the upcoming Federal Open Market Committee meeting in September, as during July's meeting, there were two members in favour of a 25-basis point cut," he told Bernama. At the close, the ringgit ended lower against major currencies. It fell versus the Japanese yen to 2.8554/8586 from Tuesday's close of 2.8490/8512, declined against the euro to 4.9305/9357 from 4.9090/9125 yesterday, and decreased vis-a-vis the British pound to 5.7078/7139 from 5.6905/6946. The ringgit traded mixed against regional peers. It strengthened versus the Singapore dollar to 3.2864/2902 from 3.2867/2893 at yesterday's close and appreciated against the Indonesian rupiah to 259.4/259.8 from 259.6/259.9. However, the local note eased versus the Thai baht to 13.0276/0476 from 13.0135/0300 previously and was unchanged against the Philippine peso at 7.41/7.42.
