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Tag: ASXPAC

Golden arches to go dark in Russia as McDonald's exits after 30 years

Golden arches to go dark in Russia as McDonald’s exits after 30 years

Posted on May 16, 2022 by mangakiko

May 16 (Reuters) – McDonald’s Corp (MCD.N) on Monday became one of the biggest global names to exit Russia, laying out plans to sell all its restaurants after operating for more than 30 years in the country following its invasion of Ukraine. The world’s largest burger chain, which owns about 84% of its nearly 850…

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China's economy skids as lockdowns hit factories, retailers

China’s economy skids as lockdowns hit factories, retailers

Posted on May 16, 2022 by mangakiko

April industrial output unexpectedly falls y/y April retail sales falls faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted…

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FTX's billionaire chief says bitcoin has no future as a payments network- FT

FTX’s billionaire chief says bitcoin has no future as a payments network- FT

Posted on May 16, 2022 by mangakiko

Bitcoin cryptocurrency representation is pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register May 16 (Reuters) – Cryptocurrency exchange FTX’s founder has said that bitcoin has no future as a payments network and criticized the digital currency…

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Shanghai aims for June 1 return to normal as COVID lockdown batters economy

Shanghai aims for June 1 return to normal as COVID lockdown batters economy

Posted on May 16, 2022 by mangakiko

Shanghai aims to lift COVID lockdown on June 1 City’s residents frustrated with shifting schedules China’s retail sales, industrial output plunge in April SHANGHAI/BEIJING, May 16 (Reuters) – Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China’s economy, and for…

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Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Posted on May 16, 2022 by mangakiko

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict…

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Asia stocks struggle after dire China data

Asia stocks struggle after dire China data

Posted on May 16, 2022 by mangakiko

Traders are seen in front of a screen with trading figures in red at Thailand Stock Exchange building in Bangkok, Thailand March 13, 2020. REUTERS/Juarawee Kittisilpa/Files Register now for FREE unlimited access to Reuters.com Register Asian stock markets: China retail sales dive 11.1%, output drops 2.9% Nikkei pairs gains, S&P 500 futures turn lower Dollar…

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Musk says Starlink active in Ukraine as Russian invasion disrupts internet

Musk says Starlink active in Ukraine as Russian invasion disrupts internet

Posted on May 15, 2022 by mangakiko

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, Feb 26 (Reuters) – SpaceX billionaire Elon Musk said on…

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Exclusive: US spy agency probes sabotage of satellite internet during Russian invasion, sources say

Exclusive: US spy agency probes sabotage of satellite internet during Russian invasion, sources say

Posted on May 15, 2022 by mangakiko

March 11 (Reuters) – Western intelligence agencies are investigating a cyberattack by unidentified hackers that disrupted broadband satellite internet access in Ukraine coinciding with Russia’s invasion, according to three people with direct knowledge of the incident. Analysts for the US National Security Agency, French government cybersecurity organization ANSSI, and Ukrainian intelligence are assessing whether the…

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Italy prevents pro-Russian hacker attacks during Eurovision contest

Italy prevents pro-Russian hacker attacks during Eurovision contest

Posted on May 15, 2022 by mangakiko

Spectators watch the final of the 2022 Eurovision Song Contest in Turin, Italy, May 14, 2022. REUTERS/Yara Nardi Register now for FREE unlimited access to Reuters.com Register MILAN, May 15 (Reuters) – Italian police warned hacker attacks by pro-Russian groups during the May 10 semi-final and Saturday final of the Eurovision Song Contest in Turin,…

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Exclusive: India's Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Posted on May 15, 2022 by mangakiko

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for…

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