Bloomberg Tech

Wagamama Owner Sells Unprofitable Leisure Unit: The London Rush

The Restaurant Group agreed to offload its loss-making leisure unit, which includes brands like Frankie & Benny’s and Chiquito. The sale to Banana Tree operator Big Table Group comes just days after Restaurant Group Chairman Ken Hanna said he’ll step down next year for personal reasons, following months of pressure from activist investors.

Biden Showcases Boeing, Chip Deals as US and Vietnam Draw Closer

US President Joe Biden announced a series of semiconductor, aerospace and infrastructure deals with business leaders in Vietnam, part of a push by the White House to deepen economic integration with Indo-Pacific nations that can provide a bulwark to China.

Thai PM Pitches $16 Billion Cash Handout to Revive Economy

Thailand will dole out 560 billion baht ($16 billion) to its 55 million adults in the next six months to spur domestic demand and investment, with new Prime Minister Srettha Thavisin pitching the revival of a sluggish economy as his government’s top priority.

Intelsat Invests in Lower Orbits as Musk’s SpaceX Upends Sector

Intelsat SA, the world’s biggest geostationary satellite operator, is making a series of bets on companies that focus on handsets and lower orbits as the older industry players are trying to keep up with upstarts like Elon Musk’s Space Exploration Technologies Corp.