(Reuters) – India’s GoMechanic, a car service and repair firm, will lay off 70% of its workforce and conduct a third-party audit of its business due to errors in its financial reporting, the company’s co-founder Amit Bhasin said in a LinkedIn post on Wednesday. “We made errors in judgment as we followed growth at all …
Sequoia-backed GoMechanic to lay off 70% of staff, launch audit Read More »
By Bernard Orr BEIJING (Reuters) – President Xi Jinping said on Wednesday he was particularly concerned about China’s COVID-19 wave spreading to rural areas with poor medical facilities but he urged perseverance in stressful times, saying “light is ahead”. His comments came as millions of urban workers were travelling back to their home towns and …
China’s Xi frets about COVID in rural areas, sees ‘light ahead’ Read More »
DUBLIN (Reuters) – Chinese leasing executives on Wednesday predicted a rapid upturn in air traffic after Beijing axed its zero-COVID policy, while the head of China Aircraft Leasing (CALC) told the Airfinance Journal conference it may buy wide-body jets in the coming year. (Reporting by Tim Hepher. Editing by Jane Merriman)
(Reuters) -Coinbase Global Inc is halting its operations in Japan due to volatile market conditions, the cryptocurrency exchange said on Wednesday, days after it announced job cuts amid waning demand for digital assets. The move comes just weeks after rival exchange Kraken said it was ceasing its business in the country. “Japan is unlikely a …
Crypto exchange Coinbase to halt Japan operations Read More »
BENGALURU (Reuters) – Havmor Ice Cream said on Wednesday its parent Lotte Confectionery Co Ltd would invest 4.5 billion Indian rupees ($55.36 million) over the next five years to expand manufacturing in India. The Ahmedabad-based ice cream and frozen desserts company said it would set up a new production facility in Pune that would become …
South Korea’s Lotte Confectionery to invest $55.4 million in India’s Havmor Ice Cream Read More »
NEW DELHI (Reuters) – The number of children grappling with various forms of undernutrition in Sri Lanka increased for the first time in at least six years in 2022, a government report and data from the health ministry indicate. The island nation of 22 million people is struggling with soaring prices, including of food, largely …
Child nutrition drops in Sri Lanka amid economic crisis Read More »
By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) -A seismic policy shift by Japan’s central bank is still a matter of when not if, say investors now hunkering down for fresh havoc in bond markets and wild swings in currencies. The Bank of Japan on Wednesday maintained ultra-low interest rates, including a bond yield cap …
Analysis-BOJ has markets bracing for more bond, FX turmoil as shift seen inevitable Read More »
HONG KONG (Reuters) -If China wants to reverse a decline in population, more should be done to help families raise their children, according to Wei Chao, a 31-year-old mother of twin girls living in Shanghai, and many more parents interviewed by Reuters held the same view. “Nowadays many people do not want to have children …
Make it easier to raise children say many Chinese after population falls Read More »
HONG KONG (Reuters) – China will soon launch a state-backed platform for transport which includes services of ride-hailing, cargo trucking, road transport, railway, ferry and flight services, Chinese state media Beijing Daily reported on Wednesday. The online platform, which has completed internal tests, is expected to integrate more than 90% of total capacity of the …
China to launch state-backed transport platform for ride-hailing, trucking Read More »
By Andrea Shalal ZURICH (Reuters) -U.S. Treasury Secretary Janet Yellen agreed with Chinese Vice Premier Liu He to enhance communication about macroeconomic and financial issues during a “candid, substantive, and constructive” meeting in Zurich on Wednesday, the Treasury said. In a statement, the Treasury said both sides agreed to enhance cooperation on climate finance on …
