Factbox: The Great Rebrand: Western business reborn in Russia under new names

May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of Western brands have said they … Read more

U.S. accuses casino tycoon Wynn of acting as Chinese agent

WASHINGTON, May 17 (Reuters) – The US Justice Department on Tuesday sued Steve Wynn, the former CEO of Wynn Resorts (WYNN.O), to compel him to register as an agent of China and accused him of lobbying then-President Donald Trump at Beijing’s Behest in 2017. Wynn’s lawyers denied the allegations, saying he had never acted as … Read more

California church shooter upset over Taiwan-China tensions -police

May 16 (Reuters) – The man accused of killing a doctor and wounding other people in a shooting at a Taiwanese-American church banquet in California methodically planned the attack because he was upset over Chinese-Taiwanese tensions, authorities said on Monday. The suspect, David Chou, 68, chained the doors and placed glue in the locks at … Read more

JetBlue goes hostile to buy Spirit Airlines after rejection

CHICAGO/WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking for an answer in its quest to buy rival Spirit Airlines (SAVE.N). On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival. JetBlue, which in … Read more

Golden arches to go dark in Russia as McDonald’s exits after 30 years

May 16 (Reuters) – McDonald’s Corp (MCD.N) on Monday became one of the biggest global names to exit Russia, laying out plans to sell all its restaurants after operating for more than 30 years in the country following its invasion of Ukraine. The world’s largest burger chain, which owns about 84% more its nearly 850 … Read more

Airlines press U.S. to lift pre-departure testing requirements

Travelers wait in line to get tests for the coronavirus disease (COVID-19) at a pop-up clinic at Tom Bradley International Terminal at Los Angeles International Airport, California, US, December 22, 2021. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com register WASHINGTON, May 13 (Reuters) – US airlines are the Biden administration to lift … Read more

Yelp, other companies take stance on abortion rights with travel benefit

May 6 (Reuters) – Yelp Inc, Amazon.com, and Citigroup are among a small but growing number of companies rolling out policies to cover costs for American employees who need to travel out of state for an abortion. Yelp Inc (YELP.N) was one of the first to offer support for its employees who might need to … Read more

HSBC’s top shareholder calls for banking giant’s break-up

A branch of HSBC bank is seen, in central London August 3, 2009. REUTERS/Stefan Wermuth Register now for FREE unlimited access to Reuters.com register LONDON/SINGAPORE, April 29 (Reuters) – HSBC Holdings’ (HSBA.L) largest shareholder, Chinese insurance giant Ping An (601318.SS), has called for a break-up of the London-based bank, a source familiar with the matter … Read more

Tourist favourite Thailand’s recovery lags on COVID rule changes

Tourists visit Maya bay after Thailand reopened its world-famous beach after closing it for more than three years to allow its ecosystem to recover from the impact of overtourism, at Krabi province, Thailand, January 3, 2022. Picture taken January 3, 2022. REUTERS/Athit Perawongmetha/File Photo Register now for FREE unlimited access to Reuters.com register BANGKOK, April … Read more

Florida governor signs bill stripping Disney of self-governing authority

April 22 (Reuters) – Florida Governor Ron DeSantis on Friday signed a bill that strips Walt Disney Co (DIS.N) of self-governing authority at its Orlando-area parks in retaliation for its opposition to a new law that limits the teaching of LGBTQ issues in schools. The Republican-controlled legislature on Thursday approved the bill, which will eliminate … Read more