Reality puts an end to some Qatari dreams of World Cup rental bonanza

Agency says Qatar hotel group demanded new payments Some rates have been reduced, but many properties are vacant Broker says some landlords were seeking unrealistic rents DOHA, Nov 25 (Reuters) – Qatar has faced an unexpected oversupply of rooms in the busy group stage of the World Cup, with online portals showing rooms in at … Read more

Adidas launches investigation into allegations of misconduct against Kanye West

Nov 24 (Reuters) – Adidas AG (ADSGn.DE) said on Thursday it has launched an investigation into allegations of inappropriate behavior by Kanye West after the German sporting goods manufacturer ended its partnership with the rapper and fashion designer last month. Adidas said it initiated the investigation after receiving an anonymous letter containing several allegations against … Read more

China’s COVID infections hit a record as economic outlook worsens

China hit record high during the Shanghai outbreak in April Cabinet hints at reduction of reserve ratio requirement (RRR) Nomura cuts China’s GDP targets as lockdowns expand Chinese stocks fall, lagging rise in global stocks BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, Apple factory unrest adds to economic concerns

COVID restrictions are increasing as the number of cases increases iPhone factory unrest adds to economic concerns, highlights frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, heightening investor concerns about the economy as new unrest at the world’s … Read more

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) said on Thursday it will stop offering games like ‘World of Warcraft’ and ‘Hearthstone’ in China from next year once its deal with NetEase (9999.HK) expires. causing shares in the Chinese internet giant to tumble. California-based Blizzard said it could not reach a deal with NetEase that was … Read more

Amazon is going to lay off thousands of employees Source

Nov 14 (Reuters) – Inc (AMZN.O) plans to lay off about 10,000 employees in business and technology roles starting this week, a person familiar with the matter said Monday, in what would amount to the largest such reduction to date. The cuts, previously reported by the New York Times, would cut about 3% of … Read more

Biden and Xi meet ahead of G20

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping arrives on the Indonesian island of Bali on Monday for a much-anticipated meeting with US President Joe Biden ahead of a Group of 20 (G20) summit. tense over the Russian invasion of Ukraine. The two leaders are expected to discuss the nuclear ambitions of … Read more

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rises Nasdaq and S&P 500 rise for second day Indexes End: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq finished sharply higher on Friday, continuing a rally that had started the day before after soft inflation raised hopes that the Federal Reserve … Read more

EXCLUSIVELY India can buy as much Russian oil as it wants, outside the price cap, says Yellen

NEW DELHI, Nov 11 (Reuters) – The United States is pleased that India will continue to buy as much Russian oil as it wants, even at prices above a price cap mechanism imposed by the G7, if it steers clear of Western insurance, finance and maritime services. by the cap, US Treasury Secretary Janet Yellen … Read more