Author: Admin
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Burger King to expand in China
Chinese asset manager CPE will invest $350m to support Burger King’s expansion in China. The joint venture aims to increase the number of restaurants from 1,250 to over 4,000 by 2035. CPE will own 83% of the venture, while Restaurant Brands International (RBI) will hold 17%. RBI chief executive Joshua Kobza said: “CPE is a…
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U.S. air traffic controllers urged to return to work
Donald Trump has urged air traffic controllers to return to work amid escalating flight cancellations, as staffing shortages during the government shutdown have led to 20% to 40% of controllers absent at major airports. In a social media post, Trump threatened to penalize those who do not comply while promising $10,000 bonuses for dedicated workers,…
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‘Climate breakdown’: UN says world is heading for 2.8C temperature rise
The world is headed for a “climate breakdown” at a global average temperature rise of 2.8C under existing government policies, according to the latest UN report ahead of global climate talks. In a speech marking the report’s release, UN Secretary-General António Guterres said that if existing national climate action plans are fully implemented by 2035,…
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Qantas chief customer and digital officer to step down by year end
Catriona Larritt, Qantas’ chief customer and digital officer, will leave her position by the end of December, following a significant cyber breach earlier this year which compromised the personal data of over a million customers. In an internal memo, CEO Vanessa Hudson noted that Larritt is departing to “pursue external opportunities,” and added that her…
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Ford announces Indian investment plans
Ford is set to invest $370m in India to manufacture new engines for export, retooling its Chennai facility to produce over 235,000 units annually with advanced technology. Production is expected to commence in 2029, creating approximately 600 jobs at the site, which currently employs around 12,000. The move comes after Ford’s exit from the Indian…