Couche-Tard scraps $47 billion bid for Japan's Seven & i
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
4 hours ago
- South China Morning Post
Imported workers ‘lifeline' for struggling Hong Kong restaurants: trade chiefs
Restaurant industry leaders have defended Hong Kong's labour importation scheme as a crucial 'lifeline' for their struggling sector, arguing that it injects much-needed new blood and improves service standards rather than taking jobs from local workers. They also dismissed accusations that operators were using the scheme to hire cheap labour, insisting the total cost of employing an imported worker, including accommodation and medical expenses, was higher than for a local employee. Their backing on Wednesday followed a wave of restaurant closures and concern over rising unemployment in the catering industry, which has been hit hard by a shift in consumer habits and a persistent manpower crunch since the pandemic. 'If we had been able to import labour sooner, I believe the recent wave of closures could have been avoided,' legislator Tommy Cheung Yu-yan, who represents the catering sector, said at a briefing. He argued that sufficient manpower was key to improving service and food quality, which had fallen behind competitors in the Greater Bay Area. The city's supplementary labour scheme was expanded last year to cover 26 roles, including waiters and junior chefs, in a bid to ease chronic staff shortages.
The Standard
5 hours ago
- The Standard
Wall Street opens higher as US-Japan trade deal lifts sentiment
A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange (NYSE). REUTERS/Andrew Kelly/File Photo
South China Morning Post
5 hours ago
- South China Morning Post
Is Philippines getting short end of US tariff stick? 19% rate slammed as ‘worst insult'
A new trade deal hailed by Philippine President Ferdinand Marcos Jnr as a 'significant achievement' has been slammed by critics at home as the 'worst insult' after Manila secured only a one percentage point tariff cut from Washington while granting American goods duty-free access. Marcos, the first Southeast Asian leader to be hosted by President Donald Trump since his return to the White House, visited the US capital from Sunday to Tuesday for a series of talks centred on trade and security. The trip came as Manila sought to defuse tensions over Trump's sweeping 'Liberation Day' tariff policy, which had initially imposed a 17 per cent duty on Philippine exports in April before increasing it to 20 per cent earlier this month. The outcome – a 19 per cent tariff rate on Philippine goods alongside zero tariffs for US exports – was unveiled by Trump on his Truth Social account after holding a joint press conference at the White House. Marcos defended the result, insisting the concession was more significant than it appeared.
