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Shanghai to lift ‘unreasonable’ curbs on firms, Beijing eases restrictions
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Saving on water bills: More than just a drop in the ocean for businesses facing the cost-of-living crisis
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4th GDPR anniversary: Expert opinions on its impact, four years on
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Exclusive: How Russian billionaire Melnichenko shielded assets from European sanctions
Hong Kong seeks to revive global banking status with major summit
Date: May 27, 2022
By Scott Murdoch HONG KONG (Reuters) – Hong Kong’s central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said, as the financial hub seeks to welcome back international business following two gruelling years of closed borders. For most chief executives of the world’s major banks, the...
‘Fun and Tasty’ among possible names for McDonald’s Russian successor
Date: May 27, 2022
(Reuters) – McDonald’s in Russia has registered possible brand names for the firm taking over its fast-food restaurants there, including “Fun and Tasty” and “The Same One”, patent filings showed on Friday. The world’s largest burger chain, with nearly 850 restaurants in Russia, is selling up to one of its local licensees in response to...
Exclusive-Japanese buyout firms JIP, Polaris considering bids for Toshiba – sources
Date: May 27, 2022
By Makiko Yamazaki and Scott Murdoch TOKYO/HONG KONG (Reuters) – Japanese buyout firms Japan Industrial Partners (JIP) and Polaris Capital Group are each considering participating in bids for Toshiba Corp, two people familiar with the matter said on Friday. Toshiba, which has been bedevilled by accounting and governance crises since 2015, set up a special...
Prince William holds future of British monarchy in his hands
Date: May 27, 2022
By Michael Holden LONDON (Reuters) – While nearly all attention will be focused next week on Queen Elizabeth as she celebrates her 70th anniversary on the throne this year, for those with eyes on the future of the British monarchy, attention is switching to her grandson Prince William. The British royals have suffered a bruising...
Analysis-Russia’s ‘political’ debt default sets emerging market precedent
Date: May 27, 2022
By Davide Barbuscia and Sujata Rao NEW YORK/LONDON (Reuters) – Russia is on the cusp of a unique kind of debt crisis which investors say would be a first time a major emerging market economy is pushed into a bond default by geopolitics, rather than empty coffers. Until the Kremlin launched an attack on Ukraine...
Dollar drifts up but set for biggest weekly drop in 4 months
Date: May 27, 2022
By Saikat Chatterjee LONDON (Reuters) – The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A...