
Delivery Hero to exit Thailand
(Reuters) - Delivery Hero's Asia-based business foodpanda is to stop operating its platform in Thailand on May 23, the German food delivery firm said on Wednesday.
"Delivery Hero will continue concentrating efforts in other parts of APAC where the Group sees greater return," the firm added.
The company's regional team, which is based in Thailand, will continue operations as usual, the company said.
(Reporting by Tristan Veyet in Gdansk, editing by Miranda Murray)
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
6 hours ago
- The Star
90-day extension of US-China tariff truce is likely, US commerce secretary says
A 90-day extension of a US-China tariff truce is likely, US Commerce Secretary Howard Lutnick said on Thursday, the most concrete signal from the US side about moving the deadline since bilateral talks concluded in Stockholm last week. 'I think we're going to leave that to the trade team and to the president to make those decisions, but it feels like likely that they're going to come to an agreement and extend that for another 90 days,' he said on Fox News when asked if the truce, which is set to expire on Tuesday, would be extended. Lutnick made similar comments last week while the talks were under way July 28 and 29, noting that a 90-day extension was a likely outcome of negotiations. But after the talks, only the Chinese side declared a consensus on extending the pause on tariff increases. US Trade Representative Jamieson Greer said in a CBS interview last Friday that the two sides were 'working towards' an extension. The commerce secretary spoke hours after US President Donald Trump's sweeping worldwide tariffs came into effect on Thursday, imposing at least 10 per cent on imports from about 90 countries, after multiple rounds of delays since they were first announced in April. Since April, the US has gradually increased tariffs on Chinese imports to as much as 145 per cent. In retaliation, Beijing imposed tariffs of up to 125 per cent and introduced export controls on strategic raw materials. In May, both sides agreed in Geneva to a 90-day suspension of new tariffs. A second round of talks followed in June in London, where an understanding to ease export controls on US semiconductors and Chinese rare earth minerals was struck, before the most recent round in Stockholm. Still, much appears in flux. On Wednesday Trump floated the idea that China could be subject to punitive tariffs for purchasing Russian oil, hours after he imposed 25 per cent tariffs on India for doing so. White House trade adviser Peter Navarro suggested on the same day that such action was unlikely because the higher duties might hurt the US. On Thursday, Lutnick also elaborated on Trump's Wednesday announcement that companies that manufacture semiconductors within the US would be exempt from 100 per cent tariffs on the chips they import, emphasising the role of an auditor in the process. 'If you commit to build in America during his term, and if you file it with the Commerce Department, and if your auditor oversees you building it all the way through, then he will allow you to import your chips while you're building without a tariff,' Lutnick said on Fox. Lutnick's remarks came as Trump continues his pressure on the semiconductor industry, posting on Truth Social on Thursday that Lip-Bu Tan, the chief of California-based Intel, should resign due to being 'highly conflicted'. Earlier in the week, US Senator Tom Cotton, Republican of Arkansas, sent a letter to the chair of Intel's board contending that Tan's ties to Chinese companies could pose a national security threat. - SOUTH CHINA MORNING POST


The Sun
9 hours ago
- The Sun
Moscow warns of 'titanic efforts' to disrupt Putin-Trump meeting
MOSCOW: Certain countries will make 'titanic efforts' to disrupt the meeting U.S. President Donald Trump announced on Friday with Russian President Vladimir Putin for August 15, Russia's investment envoy Kirill Dmitriev said on Saturday. Trump had said earlier that Russia and Ukraine were close to a ceasefire deal that could resolve the three-and-a-half-year conflict. The contents of the deal have yet to be announced, but it could require Ukraine to surrender significant territory - an outcome many European nations oppose. Dmitriev accused unnamed countries of seeking to prolong the war. 'Undoubtedly, a number of countries interested in continuing the conflict will make titanic efforts to disrupt the planned meeting between President Putin and President Trump,' he said in a post in his Telegram account, specifying that by efforts he meant 'provocations and disinformation'. Dmitriev did not specify which countries he was referring to or what kind of 'provocations' they might undertake. The Kremlin earlier confirmed the summit. The two leaders will 'focus on discussing options for achieving a long-term peaceful resolution to the Ukrainian crisis,' Putin aide Yuri Ushakov said, adding: 'This will evidently be a challenging process, but we will engage in it actively and energetically.' - REUTERS


The Star
9 hours ago
- The Star
Man Utd splashing cash on new strikers adds pressure on Amorim to deliver
Soccer Football - Champions League - Sporting CP Training - Etihad Stadium, Manchester, Britain - March 8, 2022 Sporting CP coach Ruben Amorim during training REUTERS/Craig Brough/File Photo MANCHESTER, England (Reuters) -After their worst season in 51 years last term, the only way is up for Manchester United. Complete with a new 200 million pound ($269 million) strike force, coach Ruben Amorim has the backing of fans to bring about lasting change. Now he must deliver. From the start, Amorim has always said, given the choice, he would not have taken on the monumental task of awakening English football's most successful club from its slumber when he did, mid-season. The Portuguese coach insisted he was given a "now or never" ultimatum before succeeding Erik ten Hag last November, taking an underperforming side to plentiful lows – worst finish, most defeats, fewest points and fewest goals in their Premier League history. Amorim asked supporters to judge him after he had a full pre-season to instil his ideas properly. Three new forwards gives him greater tools to succeed. Such spending comes as a surprise. New co-owner Sir Jim Ratcliffe insisted only in March that the club were so low on cash when his company Ineos bought a minority stake in late 2023 they faced going "bust by Christmas". RB Leipzig striker Benjamin Sesko is expected to be confirmed as a United player this weekend and could be flanked for next week's season opener against Arsenal by exciting forwards Matheus Cunha and Bryan Mbeumo, who both have something United attackers of late have lacked – Premier League goalscoring pedigree. As United slumped to an unfathomable 15th last term, the concession of 54 goals was their joint-third worst defensive record in Premier League history. It was their inability to score that proved more damaging, however. They mustered a record-low 44 league strikes, five fewer than in any Premier League season. "The hardest part of last season was to go to the games and know that we are not going to be competitive,' Amorim told reporters on the club's pre-season tour of the United States. "Nowadays I'm better, I'm more excited. I also think I learned a lot. We will be a better team. Not just because I truly believe that we can be better, but I truly believe that I will be better at managing this season. "Now we are in a better place, but we are just beginning. We have to perform. And I really like the pressure. If I have the feeling that before the game we are going to be competitive, we'll be OK. I just don't want to return to that feeling that we are thinking it's not a 50-50 game.' MAN UTD PULL STILL THERE Supporters have been buoyed that new signings have not been put off by the fact United will not be competing in any European competition this season for the first time in 11 years. Mbeumo and Sesko especially had plenty of other clubs reportedly interested in them, but the pull of United, despite being without a league title since 2013, remains. "From the start, I wanted to join this massive club," Mbeumo said after signing. "Now I'm here, I'm just really happy. For me, it's the biggest club in the world. The fans are crazy, the stadium is amazing. Every player wants to play here." More new signings are needed across the team for any major improvement this season, however. Skipper Bruno Fernandes labelled the last U.S. tour performance in a 2-2 draw with Everton as "lazy" and called on the club to make more additions before the transfer window shuts at the end of the month. Otherwise, their trip across the Atlantic was unanimously positive. With a starting line-up retaining nine of the team that performed so poorly in their Europa League final loss to Tottenham Hotspur, United looked energised and, at times, entertaining in a 4-1 win over Bournemouth, while also beating West Ham to finish unbeaten in their three-match series. Amorim faces some daunting early fixtures, with Arsenal, Manchester City and Chelsea in their opening five games. Nonetheless, he needs to harness some rare positivity gleaned from scoring some goals over pre-season to at least start setting United back on the right path. ($1 = 0.7438 pounds) (Reporting by Peter Hall;Editing by Andrew Cawthorne)