ASIA

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

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 to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of Western brands have said they …

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Musk says ‘Tesla is on my mind 24/7’ amid concerns about Twitter distraction

SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7,” trying to soothe investor worries about him being distracted by a Twitter (TWTR.N) deal that has depressed stocks at the electric car company. Posting a picture showing a woman (Tesla) who is upset by …

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Google’s Russian subsidiary to file for bankruptcy after bank account seized

May 18 (Reuters) – Google’s Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to carry on operations, a Google spokesperson said on Wednesday. Alphabet Inc’s Google (GOOGL.O) Google has been under pressure in Russia for months for failing to delete content Moscow deems illegal and for restricting …

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‘Huge’ pressure for Shanghai to stay COVID-free as lockdown end nears

Shanghai health authorities warn of risks of COVID rebound Some migrant workers looking to leave Shanghai Goldman cuts China GDP forecast, warns of further slip E-commerce giant JD.com says consumers are losing confidence SHANGHAI / BEIJING, May 18 (Reuters) – Health authorities in Shanghai faced “huge” pressure to keep China’s most populous city free of …

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Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of …

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US considering move to block Russian debt payments -Treasury

The United States Department of the Treasury is seen in Washington, DC, US, August 30, 2020. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 17 (Reuters) – The United States is considering blocking Russia’s ability to pay its US bondholders by allowing a key waiver to expire next …

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A tooth found in a cave in Laos is revealing more about the mysterious Denisovans

Researchers believe the tooth belonged to a young female who lived at least 130,000 years ago and was likely a Denisovan – an enigmatic group of early humans first identified in 2010. The lower molar is the first fossil evidence placing Denisovans in Southeast Asia and may help untangle a puzzle that had long vexed …

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