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BUSINESS

Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus

Hong Kong CNN Business — Foxconn has offered to pay newly recruited workers 10,000 yuan ($1,400) to quit and leave the world’s largest iPhone assembly factory, in an attempt to quell protests that saw hundreds clash with security forces at the compound in central China. The Apple supplier made the offer Wednesday following dramatic scenes […]

BUSINESS

Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, conditions Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China […]

BUSINESS

Crypto lender Genesis says no immediate plans to file for bankruptcy

Nov 21 (Reuters) – Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. “We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any […]

ENTERTAINMENT

In cold Ukraine village, Banksy mural offers warm bath

HORENKA, Ukraine, Nov 21 (Reuters) – As they head into a cold winter, residents of a bombed-out Ukrainian village say they appreciate a warm bath in a mural painted by graffiti artist Banksy. The mural, showing a man scrubbing his back in a bathtub, is on the ground floor of what remains of an apartment […]

BUSINESS

Wall Street slips as concerns rise of stricter China COVID curbs

Dow down 0.13%, S&P 500 down 0.39%, Nasdaq down 1.09% Disney jumps on Iger’s return as CEO Grindr falls after rocketing in debut Tesla down on vehicle recall, China COVID concerns Nov 21 (Reuters) – Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after […]

BUSINESS

Collapsed FTX owes nearly $3.1 billion to top 50 creditors

Nov 20 (Reuters) – Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in […]

Latest-News

Theatre Review: The Jungle and the Sea at Belvoir is truly extraordinary theatre

Written and directed by S. Shakthidharan and Eamon Flack, The Jungle and the Sea at Belvoir follows a family as they fight to survive during the Sri Lankan Civil War. Spanning fifteen years, we witness the family, Mother Gowrie (Anandavalli), Father Siva (Prakash Belawadi) and their four children, Lakshmi (Emma Harvie), Madhu (Nadie Kammallaweera), Abi […]

BUSINESS

Japan’s inflation hits 40-year high as BOJ sticks to easy policy

Japan CPI +3.6% yr/yr vs forecast +3.5%, highest since 1982 Bulk of price hikes due to cost-push inflation, unsustainable BOJ sees consumer inflation falling below 2% next fiscal year TOKYO, Nov 18 (Reuters) – Japan’s core consumer inflation accelerated to a 40-year high in October, driven by currency weakness and imported cost pressures that the […]

Latest-News

UK property developer London Square opens first international branch – South China Morning Post

UK property developer London Square opens first international branch South China Morning Post

ENTERTAINMENT

Australia’s Nitro blocks Potentia’s access to books without better offer

Nov 18 (Reuters) – Australia’s Nitro Software Ltd (NTO.AX) said on Friday it would not allow its largest shareholder and suitor Potentia Capital access to its books without making a superior bid that could trump an offer made by KKR Inc’s (KKR.N) Alludo. The software provider earlier this week determined the near A$500 million ($335 […]