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McDonald’s global sales suffer as COVID-19 lockdowns limit operations

McDonald’s Corp on Tuesday reported a broad drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery. Shares of the Chicago-based burger chain sank more than 2.5%. Global same-store sales fell 23.9% in the second quarter, dragged down by…

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Hong Kong warns city on verge of large coronavirus outbreak

Hong Kong leader Carrie Lam has warned the city is on the brink of a large-scale outbreak of the coronavirus and urged people to stay indoors as much as possible as strict new measures to curb the disease’s spread take effect on Wednesday. The new regulations ban gatherings of more than two people, close dining…

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Second COVID-19 wave forces new travel curbs around the globe

Nations in Asia imposed new restrictions on Monday, while an abrupt British quarantine on travellers from Spain threw Europe’s summer reopening into disarray, as the world confronted the prospect of a second wave of COVID-19 infections. In the United States, still dealing with its first wave as infection rates have climbed since June, President Donald…

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Exclusive: Singapore’s Agritrade has potential investors – source

London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter. AIPL, whose businesses span palm oil and coal, is undergoing a court-appointed restructuring after it collapsed earlier this year amid…

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Nissan opens a new chapter with the Ariya

All-electric crossover SUV makes its global debut, sporting a new logo that conveys the brand’s rich heritage and evolution Marking a key milestone in its Nissan NEXT transformation plan, Nissan recently unveiled the all-new Ariya. As the company’s first all-electric crossover SUV, the Ariya opens a new chapter for the Nissan brand and embodies the…

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COVID-19, electric vehicles to reshape Thailand’s auto industry

The COVID-19 pandemic is accelerating the remaking of Thailand’s automotive industry, the backbone of Southeast Asia’s auto sector, as factory shutdowns compound a shift toward electric vehicles. Thailand’s auto-related businesses, which employ 900,000, are reopening after months of coronavirus shutdowns, promising relief for many laid-off workers.  But there’s a catch: Thailand’s shift toward electric vehicles…

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