'Black Friday' drags through November amid tight U.S. inventories

14 Sept 03:41 Key points summarised by AI

Retailers like Walmart and Target launched "Black Friday" sales throughout November, extending the event early due to tight inventories and ongoing supply chain disruptions.
Discounts are notably shallower this year (5-25% off) compared to previous seasons, as limited product supply reduces the need for aggressive price cuts to attract shoppers.
The holiday shopping season continues its shift online, with stores closing on Thanksgiving and focusing on rapid online fulfillment, despite labor shortages impacting warehouse operations.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.