In the “miracle” city of Shenzhen, concerns about China’s economic future

SHENZHEN, China, June 13 (Reuters) – (This story was rewritten on June 12 to make it clear where in the penultimate paragraph) David Fong made his way from a poor village in central China to the booming southern city of Shenzhen as a young man in 1997. Over the next twenty-five years, he worked for … Read more

Delicious name but no Big Mac: Russia opens renamed McDonald’s restaurants

June 12 (Reuters) – It may look and smell like McDonald’s, but it’s now Vkusno & tochka. The golden arches disappeared, and filet mignon became just a fish burger. Big Mac left Russia. A new era of fast food and economic scene dawned in Russia on Sunday, as McDonald’s (MCD.N) Restaurants have opened their doors … Read more

Exclusive, former Amazon India seller says antitrust raid illegally detained employees

Amazon raided sellers in April on suspicion of nepotism Cloudtel says the Antitrust Authority carried out an illegal raid The Antitrust Authority says the raid was in line with the regulatory process Regulators in India and foreign firms squabble over e-commerce NEW DELHI, June 10 (Reuters) – A former top seller of Amazon (AMZN.O) In … Read more

Damaged, Boris Johnson UK inflicts victory in the party confidence vote

Big Rebellion deals for the Conservative Party a blow to the Prime Minister Johnson says it’s a ‘decisive result’ The bad mood of COVID-19 ‘Partygate’ LONDON (Reuters) – British Prime Minister Boris Johnson survived a confidence vote on Monday, but a major rebellion in his party over the so-called “party gateway” scandal dealt a blow … Read more

The US Securities and Exchange Commission is considering buying Musk’s stake in Twitter

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) is looking into Tesla CEO Elon Musk’s disclosure of his stake in Twitter. (TWTR.N) In early April, according to a letter the agency sent him that month. In the letter, which has now been made public by the Securities and Exchange Commission, the regulator asks … Read more