FILE PHOTO: Buildings are pictured after air pollution level

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FILE PHOTO: Buildings are pictured after air pollution level started to drop during a 21-day nationwide lockdown to slow the spreading of Coronavirus disease (COVID-19), in New Delhi, India, April 8, 2020. REUTERS/Adnan Abidi/File Photo

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Starbucks to invest $130 million for roasting plant in China’s Kunshan

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BEIJING (Reuters) – Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday. It is Starbucks’ largest investment in a production facility outside the United States and […]
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Japan’s stimulus to boost real GDP by 4.4%: economy minister

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TOKYO (Reuters) – Japan’s new economic stimulus package in response to the coronavirus pandemic is estimated to boost real gross domestic product by about 4.4%, Economy Minister Yasutoshi Nishimura said on Friday. Nishimura also said the government would hold a meeting of experts to decide whether to extend the country’s state of emergency beyond May […]
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Dow sinks, virus pushes it to sharpest quarterly plunge in over three decades

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By Sinéad Carew (Reuters) – Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic. In one of the fastest turns into a […]