NetEase's Cloud Music Sues Tencent Music For Alleged Unfair Competition

NetEase’s Cloud Music Sues Tencent Music For Alleged Unfair Competition

(Corrects to TME from CME in second paragraph) BEIJING (Reuters) – NetEase’s Cloud Music unit said on Wednesday it has initiated legal proceedings against Tencent Music Entertainment (TME), alleging unfair competition. NetEase Cloud Music said in the statement that TME had repeatedly and “illegally” played “unauthorised” songs on TME’s various music-streaming platforms. (This story corrects…

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Major Japan railway now powered only by renewable energy

TOKYO (AP) — Tokyo’s Shibuya is famed for its Scramble Crossing, where crowds of people crisscross the intersection in a scene symbolizing urban Japan’s congestion and anonymity. It may have added another boasting right. Tokyu Railways’ trains running through Shibuya and other stations were switched to power generated only by solar and other renewable sources…

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Mexico's Grupo Bimbo Eyes Price Hikes As Inflation Hurts Margins

Mexico’s Grupo Bimbo Eyes Price Hikes As Inflation Hurts Margins

By Valentine Hilaire MEXICO CITY (Reuters) -Mexican breadmaker Grupo Bimbo’s first-quarter net profit rose, boosted by strong sales, but higher raw material costs cut into its margins. Bimbo also said it was eyeing price increases to offset spiking supplier costs, especially in Mexico, where its executives have had preliminary talks with the government about bread…

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