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Tag: TOPNWS

JetBlue goes hostile to buy Spirit Airlines after rejection

JetBlue goes hostile to buy Spirit Airlines after rejection

Posted on May 16, 2022 by mangakiko

CHICAGO/WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking no for an answer in its quest to buy rival Spirit Airlines (SAVE.N). On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival. JetBlue, which…

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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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Economists sound the alarm over UK's post-Brexit finance plans

Economists sound the alarm over UK’s post-Brexit finance plans

Posted on May 16, 2022 by mangakiko

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…

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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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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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California regulator rejects desalination plant despite historic drought

California regulator rejects desalination plant despite historic drought

Posted on May 16, 2022 by mangakiko

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…

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Russia's Inter RAO to halt power exports to Finland due lack of payment

French police to investigate vandalism behind internet outage

Posted on May 15, 2022 by mangakiko

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…

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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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