Philippines’ Jollibee Foods Corp (JFC), a major Asian fast-food operator, said on Wednesday it had agreed to acquire U.S. brand Coffee Bean & Tea Leaf (CBTL) for $100 million as part of its rapid expansion outside its home market. “The acquisition of Coffee Bean & Tea Leaf will be Jollibee’s largest and most multinational so…
DUBLIN Facebook’s WhatsApp has informed its lead regulator in the European Union, Ireland’s Data Protection Commissioner (DPC), of a serious security vulnerability on its platform, the DPC said on Tuesday. “The DPC understands that the vulnerability may have enabled a malicious actor to install unauthorized software and gain access to personal data on devices which…
WINDSOR, England Britain’s Prince Harry and his wife Meghan announced on Wednesday they had named their newborn son Archie as they showed him off to the world, saying their “little bundle of joy” was magic. In a post on their Instagram account accompanying a picture of the parents with Queen Elizabeth, her husband Prince Philip…
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The science is in: the endless pursuit of economic growth is devouring the foundations of life on Earth, and no country – rich or poor – can expect to escape dire consequences if things go on as they are. So how might the world change course? Though still confined to the fringes, a globally dispersed…
New Zealand’s government will introduce legislation to tackle climate change on Wednesday which includes a target for cutting methane emissions from livestock by at least 10 percent by 2030. The agriculture sector slammed the bill as a threat to one of the largest contributors to New Zealand’s economy, though environmentalists say it is also a…
Google said on Thursday an anti-fake news law passed by Singapore’s parliament could stunt innovation, a quality that the city-state wants to nurture under plans to expand its tech industry. Singapore’s parliament on Wednesday passed the Protection from Online Falsehoods and Manipulation Act, a law criticized by rights groups, journalists and tech firms over fears…
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TOKYO Toyota Motor Corp forecast on Wednesday a 3.3 percent rise in operating profit for the current year due to cost reduction measures and changes to its depreciation methods. Japan’s largest automaker expects profit to rise to 2.55 trillion yen ($23.20 billion) in the year to March 2020, slightly lower than the 2.61 trillion yen…
CALIFORNIA Alphabet Inc unit Google in the coming months plans to introduce new internet browser tools to limit how users’ web activity is tracked by advertising companies and give them greater insight into why certain ads are shown to them, the company announced in blog posts on Tuesday. “Our experience shows that people prefer ads…
LONDON/BEIJING Nestle plans to launch a new line of baby formula in China this year under an existing brand, targeted at smaller cities, as the world’s largest packaged food company tries to lengthen its lead in the world’s biggest baby milk market. The new line, discussed exclusively with Reuters, will focus on smaller provincial cities,…
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TOKYO Japanese Emperor Naruhito formally took up his post on Wednesday a day after the abdication of his father, saying he felt a “sense of solemnity” but pledging to work as a symbol of the nation and the unity of its people. Former Emperor Akihito and Empress Michiko stepped down after three decades in their…
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