Starbucks Corp is considering selling its UK assets as it confronts competition from upstart competitors, according to The Times, citing sources. According to the article, the coffee chain has engaged Houlihan Lokey Inc to solicit interest for its UK business, and the company has been competing with other coffee chains such as Pret A Manger,…
According to preliminary estimates released on Wednesday by the China Passenger Car Association (CPCA), Tesla Inc sold roughly 78,000 China-made vehicles in June. This was a 142 per cent increase from May, when Tesla sold 32,165 China-made automobiles, and a 135 per cent increase from the previous year. Tesla’s factory in Shanghai, China’s economic centre,…
Monkeypox, a form of viral virus more frequent in west and central Africa, is on the rise in Europe and abroad, according to global health officials. According to the World Health Organization, 80 monkeypox cases have been verified and another 50 are being investigated in 11 countries as of Friday (WHO). continue reading What is…
According to a statement released by the World Health Organization, roughly 80 cases of monkeypox have been confirmed, with recent outbreaks recorded in 11 countries. According to the WHO, the outbreaks are uncommon since they are occurring in countries where the virus is not prevalent. As surveillance expands, it is expected that more incidents will…
Indonesia’s commerce minister said on Wednesday that he expects cooking oil prices to stabilise after a subsidised supply scheme reaches 10,000 outlets across the country. On Tuesday, the commerce ministry and state food corporation ID Food began a programme that allows low-income households to purchase up to two litres of cooking oil each day for…
Following supply shocks and rising prices caused by the crisis in Ukraine, Indian Prime Minister Narendra Modi told US President Joe Biden last week that India was ready to transport food to the rest of the world. India has “enough food” for its 1.4 billion people, according to Modi, and it is “ready to offer…
Poland’s health minister announced on Tuesday that it will not accept or pay for more doses of COVID-19 vaccine under the European Union’s supply contract, laying the groundwork for a legal battle with makers. During the coronavirus pandemic, Poland and other EU members received COVID-19 vaccines under supply contracts negotiated by the European Commission with…
Sri Lanka’s president proclaimed a state of emergency in the island nation on Friday, a day after angry protestors demanded his resignation near his home and as plans were being prepared for a nationwide rally over the country’s worst economic crisis in recent memory. President Gotabaya Rajapaksa used parts of the Public Security Ordinance to…
Germany and Austria have activated emergency plans in the event of a gas supply disruption due to a payment dispute with Russia. From March 31, Russia demanded that “unfriendly” countries pay for its gas in roubles, but the EU, which primarily pays in euros, rejected the proposal. Moscow appeared to soften its stance later, indicating…
As China battles its greatest Covid-19 epidemic since the pandemic began, consumption is expected to be the hardest hurt, while producers find methods to keep producing. Mainland China reported a drop in new confirmed cases for the second day in a row on Wednesday. According to National Health Commission data, the 1,226 new locally transmitted…
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