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

Putin promises to bolster Russia’s IT security in the face of cyber attacks

May 20 (Reuters) – President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign “state structures” had increased several times over and that Russia must bolster its cyber defenses by reducing the use of foreign software and hardware. The websites of many state-owned companies and news websites have suffered … Read more

Germany and Italy approved Russian gas payments after nod from Brussels – sources

A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Some EU states refuse to comply with Russian payment demands Others approve Russian payments after talks with EU … Read more

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

COLOMBO, May 20 (Reuters) – Thousands of people queued for cooking gas and oil in Sri Lanka’s commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic crisis. Lines formed in many parts of Colombo, a city of around 900,000 people, as residents … Read more

North Korea hails ‘good results’ on COVID as fever cases pass 2 million

SEOUL, May 20 (Reuters) – North Korea said on Friday it was fighting “good results” in its against its first confirmed COVID-19 outbreak, as the number of people with fever symptoms rose past 2 million. A wave of COVID infections, which North Korea first confirmed last week, has fanned worry about a lack of medical … Read more

Global markets in “unambiguous contrarian buy territory,” Bank of America says

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register LONDON, May 20 (Reuters) – The trillions wiped off global markets in … Read more

‘We are going to die’: Sri Lanka warns of food shortages

COLOMBO, May 20 (Reuters) – Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertilizer for the next planting season to boost productivity. A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilizers … Read more

Ukraine says Russian attacks on Donbas intensifying

Donbas region is completely destroyed -Zelenskiy Group of Seven sends billions more to Ukraine US Senate approves $40 bln in further aid KYIV/SLATYNE, Ukraine, May 20 (Reuters) – Russian forces intensified their offensive in Ukraine’s eastern Donbas region using artillery, rocket-launchers and aircraft to damage defenses around Donetsk, Ukraine’s general staff said on Friday. “The … Read more

Asian shares bounce as China moves to boost housing

FILE PHOTO – An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 24, 2015. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register MSCI Asia ex-Japan +1.8%, Nikkei +1.3% European shares set to follow Asia’s lead Equities rally after China cuts loan … Read more

Biden, South Korea’s Yoon to meet amid worries about North Korea

ABOARD AIR FORCE ONE, May 20 (Reuters) – President Joe Biden is likely to get a warm welcome from South Korea’s leadership on his first trip to Asia, but he may face a less friendly greeting from North Korea’s Kim Jong Un. Biden lands in South Korea on Friday evening, where he meets new President … Read more