(Reuters) – The first 15 restaurants of former McDonald’s Corp will reopen in Moscow on Sunday under new ownership and a new name, “Vkusno & tochka”, which means “Tasty & that’s it”, the company said. Another 50 restaurants will be open on Monday, Vkusno & tochka said. Sunday marks a new dawn for Russia’s fast-food…
DUBAI (Reuters) – Saudi Telecom said on Sunday its board had proposed increasing its capital by 30 billion riyal ($8 billion) to finance growth and expansion plans in its home market, Saudi Arabia, and elsewhere in the region. The capital increase would involve issuing 30 billion new shares, representing a capital increase of 150%, with…
By Cynthia Kim SEOUL (Reuters) -South Korean truckers were on strike for a sixth day on Sunday after talks with the government failed to make progress over their demands for higher pay, crippling cargo transport at the country’s industrial hubs and major ports. Transport ministry officials met for more than 10 hours with union leaders…
(Reuters) – Rogers Communications Inc’s Loretta Rogers who served as a corporate director for over fifty years and was the company’s founding president and CEO died on Saturday at the age of 83. Chairman Edward Rogers, the only son of the company’s late founder Ted Rogers, said, the family was profoundly saddened by their mother’s…
(Reuters) – Lawyers are investigating Meta Platforms Inc’s outgoing operations chief Sheryl Sandberg’s use of company resources over several years, the Wall Street Journal reported on Friday, citing people familiar with the matter. Several employees have been interviewed in connection with the investigation by Facebook-parent Meta, the WSJ reported, adding that the probe has been…
(Adds slug for media) (Reuters) – The Netherlands’ antitrust watchdog on Saturday said Apple Inc will allow different payment methods in Dutch dating applications, ending a dispute that resulted in the company being fined 50 million euros ($52.58 million). The Authority for Consumers and Markets (AMC) said in a statement https://bit.ly/3aP3fZp that with this concession,…
By Laura Sanicola (Reuters) -The national average price for U.S. gasoline rose above $5 a gallon for the first time on Saturday, according to data from the AAA, extending a surge in fuel costs that are a central feature of rising inflation overall. The national average price for regular unleaded gas rose to $5.004 a…
TAIPEI (Reuters) – Taiwan’s government threatened to take Beijing to the World Trade Organization on Saturday after China suspended the import of grouper fish from the island saying it had detected banned chemicals, the latest agricultural spat between the two. Last year China suspended imports of pineapples, sugar apples and wax apples from Taiwan, citing…
By Trevor Hunnicutt BEVERLY HILLS, Calif. (Reuters) – President Joe Biden cautioned that U.S. inflation could last “for a while” after data on Friday showed that politically sensitive price pressures unexpectedly accelerated in recent weeks. “We’re gonna live with this inflation for a while,” Biden said at a Democratic fundraising event in Beverly Hills. “It’s…
By Byungwook Kim and Heekyong Yang ULSAN, South Korea (Reuters) – A huge Hyundai Motor Co factory complex added weekend production on Saturday, despite a nationwide strike by truckers that has hit ports and other South Korean industrial giants, including steelmaker POSCO. On day five of the strike, some 100 unionised truckers, about a tenth…
