Hacked supermarket fridges just turned into fire hazards

Hackers hit refrigeration systems at hundreds of French supermarkets, overheating fridges and freezers. Temperatures reportedly reached 122°F, which spoiled food and sparked fires. Chains including Carrefour, Monoprix, Intermarché and Coopérative U were affected, with impacts seen in several European countries.

Visa said it received approval from the People’s Bank of China to set up a bank card clearing business in mainland China, calling it an important milestone toward serving the domestic market. For more than 40 years, Visa has worked with Chinese banks through dual‑branded cards, with UnionPay handling transactions inside China and Visa processing payments overseas.

Kroger Co. is eliminating about 3,000 corporate employees, or 37% of its headquarters staff. CEO Greg Foran told employees the retailer has more layers and overhead than it needs and wants to cut duplicative work. The company says savings will let it invest more in frontline employees, lower prices and improve the shopping experience.

Walmart opened a new “next gen” fulfillment center in California. The 900,000-square-foot site uses an automated storage and retrieval system. The company says this setup will boost order capacity and enable faster shipping for West Coast customers.

Government bond funds investing in US Treasuries are seeing record inflows. Investors are willing to accept recent price losses to lock in borrowing costs at their highest level in decades. These returns make traditionally safe bonds more appealing compared with riskier assets.