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Big brands worry about China as middle class rejects luxury

  • Post published:May 21, 2022
  • Post category:Economy
  • Reading time:9 mins read

An empty road is seen in the Shanghai Central Business District (CBD) during a lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China April 16, 2022. REUTERS/ Aly Song/Join…

Continue ReadingBig brands worry about China as middle class rejects luxury

Exclusive: Danone speeds up shipments of infant formula to the United States to face the shortage

  • Post published:May 21, 2022
  • Post category:Business
  • Reading time:9 mins read

LONDON/LOS ANGELES, May 20 (Reuters) - Aptamil maker Danone SA (DANO.PA) has stepped up shipments of infant formula from Europe to tackle a shortage in the United States, data shows.…

Continue ReadingExclusive: Danone speeds up shipments of infant formula to the United States to face the shortage

South Korea’s Biden and Yoon promise to deter North Korea but offer COVID aid

  • Post published:May 21, 2022
  • Post category:Latest News
  • Reading time:9 mins read

SEOUL, May 21 (Reuters) - President Joe Biden and his new South Korean counterpart agreed on Saturday to hold larger military exercises and deploy more U.S. weapons if needed to…

Continue ReadingSouth Korea’s Biden and Yoon promise to deter North Korea but offer COVID aid

Russia advances into Ukraine’s Donbass as Mariupol steel plant siege ends

  • Post published:May 21, 2022
  • Post category:Latest News
  • Reading time:10 mins read

Week-long siege ends in Azovstal, Russia saysRussia steps up offensive in DonbassZelenskiy seeks agreement to obtain Russian compensationRussia halts Finnish gas flows over payment disputeKYIV, May 21 (Reuters) - Russia…

Continue ReadingRussia advances into Ukraine’s Donbass as Mariupol steel plant siege ends

Russia says Azovstal siege over, shows video of defenders surrendering

  • Post published:May 21, 2022
  • Post category:Latest News
  • Reading time:7 mins read

May 20 (Reuters) - The Russian Defense Ministry said on Friday the last group of Ukrainian forces holed up in the Azovstal steelworks in Mariupol had surrendered, marking the end…

Continue ReadingRussia says Azovstal siege over, shows video of defenders surrendering

Germany and Italy approved Russian gas payments after nod from Brussels – sources

  • Post published:May 21, 2022
  • Post category:Latest News
  • Reading time:11 mins read

A model of the natural gas pipeline is seen in front of the word displayed the colors of the EU and Russia flag in this illustration taken March 8, 2022.…

Continue ReadingGermany and Italy approved Russian gas payments after nod from Brussels – sources

Putin promises to strengthen Russia’s IT security in the face of cyberattacks

  • Post published:May 20, 2022
  • Post category:Latest News
  • Reading time:7 mins read

May 20 (Reuters) - President Vladimir Putin said on Friday the number of cyberattacks against Russia by foreign "state structures" had increased several times and that Russia needed to strengthen…

Continue ReadingPutin promises to strengthen Russia’s IT security in the face of cyberattacks

Factbox: The Great Rebrand: Western companies reborn in Russia under new names

  • Post published:May 20, 2022
  • Post category:Business
  • Reading time:8 mins read

May 20 (Reuters) - McDonald's Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet…

Continue ReadingFactbox: The Great Rebrand: Western companies reborn in Russia under new names

WHO calls emergency meeting as monkeypox cases top 100 in Europe

  • Post published:May 20, 2022
  • Post category:Latest News
  • Reading time:10 mins read

Rare outbreak of viral disease outside of AfricaCases in the UK, Spain, Belgium, France and North Americacause still uncertainWHO holds emergency meeting to discuss casesAs cases top 100, Germany declares…

Continue ReadingWHO calls emergency meeting as monkeypox cases top 100 in Europe

Exclusive: China quietly increases purchases of cheap Russian oil

  • Post published:May 20, 2022
  • Post category:Business
  • Reading time:10 mins read

SINGAPORE, May 20 (Reuters) - China is quietly increasing its oil purchases from Russia at bargain prices, according to shipments data and oil traders who spoke to Reuters, filling the…

Continue ReadingExclusive: China quietly increases purchases of cheap Russian oil
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