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JD reports higher quarterly sales

  Bloomberg JD.com Inc. reported higher sales last quarter after shoppers kept spending at China’s second-largest online retailer despite an economic downturn. Sales rose 11% from a year earlier to $34.2 billion in the quarter ending in September, the company said in a statement. That compared to the average forecast of 243.1 billion yuan from analysts surveyed by Bloomberg. The ...

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UK debt binge threatens to haunt its bond market

  Bloomberg Investors are slowly coming to terms with the sheer size of the UK government’s borrowing needs over the next few years and it doesn’t look pretty. Net gilt supply in the next fiscal year is likely headed for an all-time record, according to bank estimates. For Citigroup Inc. strategists, the increase means the market needs to find twice ...

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Ukraine nuclear site damaged by powerful explosions, UN says

Bloomberg Powerful explosions shook the area around Ukraine’s Zaporizhzhia nuclear power plant over the past day, causing damage at the site, the United Nations atomic agency said. Damage was seen at several buildings and equipment, though none so far has been critical to nuclear safety and security, the International Atomic Energy Agency said on its website, citing plant management. More ...

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