price war

A mini price war has broken out between mortgage providers, although many of the lowest-rate deals still require borrowers to provide a hefty deposit.

Sainsbury's has forecast that shop profits will flatline or fall in the coming year as the supermarket sector gears up for a price war.

Tesco has said it expects to make lower profits this year amid a growing price war amount the UK's major supermarkets.

That has intensified a price war that further threatens Japanese brands, which are fighting to keep up with cleaner cars of their own.

While PDD's Chinese e-commerce platform, Pinduoduo, has become popular because of its focus on low-cost and heavily discounted products, a growing number of rivals have been adopting similar strategies, triggering a price war.