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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Economists sound the alarm over UK’s post-Brexit finance plans
A view of the London skyline shows the City of London financial district, seen from St Paul’s Cathedral in London, Britain February 25, 2017. REUTERS/Neil Hall/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 16 (Reuters) – More than 50 economists warned on Monday that Britain’s post-Brexit plans to boost…
China’s economy skids as lockdowns hit factories, retailers
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…
FTX’s billionaire chief says bitcoin has no future as a payments network- FT
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…
Asia stocks struggle after dire China data
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…
California regulator rejects desalination plant despite historic drought
COSTA MESA, Calif., May 12 (Reuters) – California regulators on Thursday rejected a $1.4 billion desalination plant on environmental grounds, dealing a setback to Governor Gavin Newsom, who had supported the project as a partial solution for the state’s sustained drought. The California Coastal Commission voted 11-0 to reject the proposal by Poseidon Water, controlled…
Google unveils new 10-shade skin tone scale to test AI for bias
A Google employee speaks at the company’s annual I/O developer conference at the Shoreline Amphitheater in Mountain View, California, US, May 11, 2022. Google/Jana Asenbrennerova/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register OAKLAND, Calif., May 11 (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Wednesday unveiled a palette of 10 skin tones…
Musk says Starlink active in Ukraine as Russian invasion disrupts internet
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…
French police to investigate vandalism behind internet outage
PARIS, April 27 (Reuters) – The Paris prosecutor’s office said it has opened a probe into the causes of a major internet outage which affected France’s telecommunications network on Wednesday following reports of coordinated acts of vandalism. The French Telecoms Federation said attacks of vandalism had impacted telecoms networks in several regions, including the Ile-de-France…
Deutsche Bank not financing controversial African oil pipeline, source says
FRANKFURT, May 15 (Reuters) – Deutsche Bank (DBKGn.DE) is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the…