News
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Chinese hotel operator H World Q2 revenue rises 4.5%
OverviewH World Q2 revenue rises 4.5% yr/yr to RMB6.4 bln, near high end of company's guidanceNet income for Q2 increases 44.7% yr/yr to RMB1.5 bln, driven by Legacy-HuazhuManachised and franchised revenue surges 22.8% yr/yr, exceeding company's guidanceOutlookH World expects Q3 revenue grow...Reuters
4 minutes ago
Uganda has not agreed with US to take illegal immigrants, foreign affairs official says
KAMPALA, Aug 20 (Reuters) - Uganda has not reached any agreement with the United States to take in illegal immigrants because it lacks necessary infrastructure to do so, a senior foreign affairs ministry official said on Wednesday."To the best of my knowledge we have not reached such an agreemen...Reuters
15 minutes ago
National Energy Services Reunited Q2 revenue, profit beat estimates
OverviewNESR Q2 revenue grows 0.7% YoY, beating analyst expectationsAdjusted net income for Q2 beats estimates, reaching $20.1 mlnAdjusted EBITDA rises 13% sequentially, exceeding analyst forecastsOutlookCompany anticipates steady growth due to countercyclical investment strategyNESR expects continu...Reuters
17 minutes ago
Chinese fintech firm Jiayin Group's Q2 revenue rises 27.8%
OverviewJiayin Group Q2 loan facilitation volume grows 54.6% yr/yr to RMB37.1 blnNet revenue rises 27.8% yr/yr to RMB1,886.2 mln, net income up 117.8%Co adjusts share repurchase plan, authorizing up to US$80 mln repurchasesOutlookJiayin expects 2025 loan facilitation volume of RMB137-142 blnCompany ...Reuters
20 minutes ago
Tencent-backed developer unveils follow-up to hit 'Black Myth: Wukong'
BEIJING, Aug 20 (Reuters) - Game Science, backed by Chinese tech giant Tencent 0700.HK, surprised games enthusiasts on Wednesday by releasing a trailer for a follow-up to last year's smash hit "Black Myth: Wukong".The new action role-playing game, "Black Myth: Zhong Kui", is the ...Reuters
21 minutes ago
Estee Lauder forecasts annual profit below estimates
Aug 20 (Reuters) - Estee Lauder EL.N forecast annual profit below Wall Street estimates on Wednesday, as persistent weakness in demand in the U.S. and China markets and tariff uncertainty pressure the cosmetics giant.The company expects full-year adjusted earnings per share to be in the range of $1....Reuters
26 minutes ago
Texas Republicans set to approve Trump-backed new congressional map after lengthy fight
Republican legislators undertake rare mid-decade redistricting Dozens of Democratic lawmakers ended two-week walkout Governors threaten to launch similar efforts in other states By Joseph Ax Aug 20 (Reuters) - Texas Republicans on Wednesday will take up a new state congressional map intended to f...Reuters
30 minutes ago
Swatch ad that sparked backlash puts focus on risky campaigns amid diversity rollbacks
Companies using risky ads amid rollbacks of diversity programs Ads criticized for promoting white-centric ideals, controversial endorsersExperts warn that risky ads may harm brand reputation long-termBy Samantha Marshak and Julaiza Alvarez Aug 20 (Reuters) - In an era of short attention spans and...Reuters
30 minutes ago
EXPLAINER-Can Trump send the National Guard to cities around the US?
Aug 20 (Reuters) - U.S. President Donald Trump has called upon governors from several Republican states to deploy their states' National Guard to Washington, D.C., which Trump has claimed is ridden with crime. As troops poured into D.C., Trump on Tuesday also suggested that he might send the Nat...Reuters
30 minutes ago
Michelle Yeoh sees ‘Ne Zha 2’ movie as homage to Chinese mythology
By Danielle BroadwayLOS ANGELES, Aug 20 (Reuters) - For Oscar-winning actor Michelle Yeoh, it is time for Hollywood to focus more on Asian mythological characters like the ones showcased in the Chinese film “Ne Zha 2,” which has become the highest-grossing animated film in history worldwide. "Th...Reuters
30 minutes ago
RPT-ANALYSIS-Air Canada labor deal may reshape pay for North American airline crews
Tentative deal ends unpaid work for Air Canada flight attendants, union saysStrike reflects broader unrest over unpaid labor in airline industryAirlines face higher costs from new compensation models, analysts sayBy Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO, Aug 19 (Reuters) - A cri...Reuters
30 minutes ago
Uganda foreign affairs official says no agreement reached with US to take illegal immigrants
KAMPALA, Aug 20 (Reuters) - Uganda has not reached any agreement with the United States to take in illegal immigrants, a senior foreign affairs ministry official said on Wednesday."To the best of my knowledge we have not reached such an agreement. We do not have the facilities and infrastructure...Reuters
36 minutes ago
Drugmaker Novo Nordisk freezes hiring for non-critical jobs
COPENHAGEN, Aug 20 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO has implemented a global hiring freeze covering job roles that are not critical for its business, the company said on Wednesday. The company is battling competition from copycat versions of its blockbuster Wegovy obesity drug this...Reuters
37 minutes ago
McDonald's to offer discounted combo meals, WSJ reports
Aug 20 (Reuters) - McDonald's MCD.N and its franchisees agreed to discount eight popular combo meal offerings by 15%, and offer $5 and $8 specials, the Wall Street Journal reported on Wednesday.The move follows weeks of discussions between McDonald's and restaurant operators, including the c...Reuters
42 minutes ago
Pope Leo sets day of fasting, prayers for peace on Friday
By Joshua McElwee VATICAN CITY, Aug 20 (Reuters) - Pope Leo has asked Catholics and other religious faithful to observe a day of fasting and prayers for peace in the Middle East, Ukraine and other war-torn areas of the world on Friday, August 22."As our Earth continues to be wounded by wa...Reuters
51 minutes ago
Sales of foreign-branded phones in China down 31.3% in June, data shows
BEIJING, Aug 20 (Reuters) - Sales of foreign-branded phones, including Apple Inc's AAPL.O iPhone, declined 31.3% year-on-year in China in June, according to Reuters' calculations based on data released on Wednesday by a government-affiliated research firm. The shipments of foreign-brand...Reuters
53 minutes ago
McDonald's To Cut Combo Meal Prices After Convincing Franchisees - WSJ
Aug 20 (Reuters) - MCDONALD’S TO CUT COMBO MEAL PRICES AFTER CONVINCING FRANCHISEES - WSJMCDONALD’S AND FRANCHISEES AGREED TO DISCOUNT EIGHT POPULAR COMBOS BY 15% AND OFFER $5 AND $8 SPECIALS - WSJSource text: https://tinyurl.com/t9e9j7eeReuters
55 minutes ago
Drugmaker Novo Nordisk enacts worldwide hiring freeze for non-critical job roles
COPENHAGEN, DENMARK, Aug 20 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO has implemented a global hiring freeze, which covers job roles that are not critical for its business, the company said on Wednesday."We currently have a hiring freeze in non-business critical areas," the company sai...Reuters
57 minutes ago
Russia says its forces hit port infrastructure in Ukraine, captured more settlements
MOSCOW, Aug 20 (Reuters) - Russia's defence ministry said on Wednesday its forces had hit port infrastructure used to supply fuel to Ukrainian forces, Interfax news agency said.The statement didn't name the port. Ukraine's president Volodymyr Zelenskiy said earlier that Russia had struck...Reuters
an hour ago
Chinese video streaming platform iQIYI swings to Q2 loss as advertisers adjust strategies
OverviewiQIYI Q2 revenue falls 11% yr/yr to RMB6.63 bln ($925.3 mln)Company reports operating loss of RMB46.2 mln, reversing last year's profitNet loss attributable to iQIYI is RMB133.7 mln, compared to net income last yearResult DriversLIGHTER CONTENT SLATE - Membership services revenue fell 9%...Reuters
an hour ago
