DAVOS, Switzerland (Reuters) – The author who first envisioned the metaverse 30 years ago sat down on Wednesday with a…
Hedge funds that punted early on China recovery reaped the rewards
By Summer Zhen Hong Kong (Reuters) – Hedge funds that bet on a swift shift in the country’s zero-COVID and…
Turnover in Germany’s restaurants, hotels rose markedly in 2022
BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high…
Online retailer Boohoo sales drop 11% in Christmas period
LONDON (Reuters) -British online fashion retailer Boohoo said revenue fell 11% in its key Christmas trading period, hurt by delivery…
Cathay Pacific flight attendant union to start work-to-rule industrial action
HONG KONG (Reuters) – Cathay Pacific Airways Flight Attendants Union said it will start work-to-rule industrial action from Thursday, amid…
China seen keeping benchmark lending rates unchanged for fifth month
SHANGHAI (Reuters) -China is expected to keep benchmark lending rates unchanged for a fifth month in January, a Reuters survey…
Vietnam EV maker VinFast plans promotions in response to Tesla price cuts
HANOI (Reuters) – Vietnam’s electric-vehicle (EV) maker VinFast said on Thursday it will launch promotions to protect the market competitiveness…
COVID-hit Chinese factories eye gradual recovery after Lunar New Year break
By David Kirton SHENZHEN, China (Reuters) – Christian Gassner, whose furniture components factory in the southern Chinese city of Shenzhen…
Pilots fail to cash in on air traffic revival -global survey
(Reuters) – A global rebound in air travel has brought pilots back to work after a pandemic-induced slump, but many…
Indonesia says BASF, Eramet near $2.6 billion deal to process nickel for EV batteries
JAKARTA (Reuters) – Germany’s BASF and French miner Eramet are finalising a $2.6 billion partnership deal to invest in a…