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Japanese brewing giant Asahi hit by cyber-attack
Posted onJapanese brewing giant Asahi has been hit by a cyber-attack that has caused a “systems failure” affecting the company’s shipping and customer service operations. Asahi said there had been no “confirmed leakage of personal information of customer data” and its European operations, including the UK, were not affected. But the company said that its order…
Chip deal: Why the US is taking a cut from China sales
Posted onSuranjana Tewari Asia Business Correspondent in Singapore Getty Images Nvidia boss Jensen Huang has been lobbying the White House over China chip sales Unusual. Quid pro quo. Unprecedented. That is some of the reaction to news that two of the world’s tech giants will pay the US government 15% of their revenue from selling certain…
Pubs could stay open longer under licensing reforms
Posted onPubs and bars in England and Wales could see extended opening hours as the government launches a fast-track a review on “outdated” licensing rules. The plans could make it easier for venues to serve food outside and host more live music, in a bid to “remove unnecessary barriers”. Pub landlords and local communities will be…
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Posted onFood and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
Blackpool Big Food Project foodbank ‘could close without support’
Posted onAn emergency food charity that sends meals to foodbanks across Blackpool has said it could face closure without support to keep its services running. The Big Food Project is a redistributor of surplus food from supermarkets and manufacturers to 125 foodbanks, schools, community kitchens, crisis services and families across Blackpool, Fylde and Wyre. It said…
Gold surges past record $4,000 an ounce as uncertainty fuels rally
Posted onThe price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. Gold has seen its biggest rally since the 1970s, rising by around a third since April when US President…
