Frugal is the new cool for young Chinese as economy falters

Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more

Japan liquor businesses turn to non-alcoholic drinks to attract Gen Z

Japan liquor businesses turn to non-alcoholic drinks to attract Gen Z

Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 12 (Reuters) – Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If I have to get up early, and I think ‘Oh, I should hold off on drinking,’ then I go … Read more

Elon Musk says he was joking about buying Manchester United

Elon Musk says he was joking about buying Manchester United

Aug 17 (Reuters) – Elon Musk, the world’s richest person, said early on Wednesday that he was joking when he tweeted hours previously that he was going to buy currently struggling English football club Manchester United Plc (MANU.N). “No, this is a long-running joke on Twitter. I’m not buying any sports teams,” Musk posted when … Read more

Wildfires rage in France, thousands evacuated from homes

Wildfires rage in France, thousands evacuated from homes

HOSTENS, France, Aug 10 (Reuters) – Wildfires tore through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of 10,000 residents, some of whom had clambered onto rooftops as the flames got closer. Black-and-orange skies, darkened by the smoke billowing from forests and lit up by the flames, were seen … Read more

Indexes drop after Walmart profit warning; Nasdaq down 2%

Indexes drop after Walmart profit warning; Nasdaq down 2%

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast; news hits retailers McDonald’s up as sales, profit top estimates Coca-Cola up on forecast raise Indexes down: Dow 0.8%, S&P … Read more

American tourists splurge in Paris boutiques as euro slides

American tourists splurge in Paris boutiques as euro slides

PARIS, July 15 (Reuters) – American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time in two decades on … Read more

Tasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

Tasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the filet-of-fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday as McDonald’s (MCD.N) restaurants flung open their doors … Read more

Oh Snap! Social media stocks lose billions after Snapchat parent warning

Oh Snap! Social media stocks lose billions after Snapchat parent warning

A woman stands in front of the logo of Snap Inc on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Snap Inc (SNAP.N) shares plunged more than 40% and sparked … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Exclusive: India’s Reliance to acquire dozens of brands in .5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com Register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia due to Ukraine war, take hefty charge

Siemens to leave Russia after 170 years Russia makes up around 1% of total revenues Shares fall after earnings miss CEO condemns the war in Ukraine ZURICH, May 12 (Reuters) – Siemens (SIEGn.DE) will quit the Russian market due to the war in Ukraine, it said on Thursday, taking a 600 million euro ($630 million) … Read more