Bloomberg Internet retailers such as Amazon.com Inc., Asos Plc and Boohoo Group Plc should pay higher UK taxes to help save ailing shopping districts that are losing revenue to e-commerce, according to a government report. An online sales tax, higher value-added tax and “green taxes” on shipping and packaging should all be considered to help soften the blow to physical ...

Bloomberg Sweden’s largest food retailer ICA is preparing for its largest transformation yet to cater to a growing number of customers who want to shop for groceries online and have them delivered home. The 81-year-old company is following in the footprints of other Swedish retail giants like Hennes & Mauritz AB and Ikea in shifting investments towards e-commerce, advanced analytics ...

Bloomberg The world’s largest energy trader says oil prices are set to rally further as Opec output cuts and American sanctions on Iran and Venezuela cause a “shortage” of the low-quality heavy crudes refiners rely on. “From here there’s probably the potential to be a little bit higher,” said Russell Hardy, chief executive officer of Vitol Group. “Oil supply is ...