BEIJING (Reuters) -Starbucks said on Tuesday it has entered into a partnership with China’s Meituan that will allow its Chinese customers to order coffee delivery via the super-app’s platform. The move will expand the U.S. coffee chain’s delivery footprint in China, which has since 2018 used Alibaba Group’s Ele.me as its exclusive delivery partner. The…
By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis in less than 36 hours, when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service set to begin on Wednesday could render…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan upgraded its inflation forecasts on Tuesday and said risks to the price outlook were evenly balanced, in a nod to signs the recent commodity-driven rise in inflation was broadening. But with inflation set to remain below its 2% target in the coming years, the BOJ stressed…
By Sonali Paul MELBOURNE (Reuters) – Oil prices rose on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. The “new geopolitical tension added to ongoing signs of tightness across the…
WASHINGTON (Reuters) – United Airlines said late on Monday the current U.S. 5G wireless rollout plan would negatively impact an estimated 1.25 million United passengers and at least 15,000 flights annually and urged President Joe Biden’s administration to take action. U.S. airlines warn 5G interference could compromise key safety systems and result in suspended passenger…
By Giulio Piovaccari MILAN (Reuters) – If playing catch up with Tesla is what everyone in the auto industry is about then Stellantis, the company formed from the merger of Fiat Chrysler and Peugeot, has had a good start – its shares have far outpaced its U.S. rival in its inaugural year. But this is…
By David Shepardson WASHINGTON (Reuters) -The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis in less than 36 hours, when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service set to begin on Wednesday could render…
NEW YORK (Reuters) -Activision Blizzard Inc said on Monday it has fired or pushed out more than three dozen employees and disciplined another 40 since July to address allegations of sexual harassment and other misconduct at the videogame company. After completing reviews, “37 employees have exited the company and another 44 received written reprimands, formal…
By Pamela Barbaglia and Gwénaëlle Barzic LONDON (Reuters) – Bain Capital is looking to bid for a stake in the benefits and rewards services unit of French food caterer Sodexo as the Paris-listed firm is on the lookout for investors that could help fund the group’s turnaround, sources told Reuters. Sodexo, which has a market…
By Benjamin Mallet PARIS (Reuters) -The CEO of EDF on Monday broke with the convention that bosses of French state companies don’t criticise the government to express “real shock” and indignation after the utility was told to sell more power to rivals at below-market prices. In a memo to managers seen by Reuters, Jean-Bernard Levy…
