logo
Sunac China expects 2024 loss to widen to $3.5 billion

Sunac China expects 2024 loss to widen to $3.5 billion

Reuters17-03-2025
March 17 (Reuters) - Property developer Sunac China (1918.HK), opens new tab said on Monday it expects to report a wider loss for the year ended December 2024, citing lower revenue.
Beijing-based Sunac said it expects to post a loss attributable between 25.5 billion yuan ($3.52 billion) and 26 billion yuan for 2024, compared with last year's 7.97 billion yuan.
($1 = 7.2357 Chinese yuan renminbi)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

No deal on Ukraine at Trump-Putin Alaska summit
No deal on Ukraine at Trump-Putin Alaska summit

Reuters

timean hour ago

  • Reuters

No deal on Ukraine at Trump-Putin Alaska summit

Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. A highly anticipated Alaska summit between U.S. President Donald Trump and Russian President Vladimir Putin yielded no agreement to resolve or pause Moscow's war in Ukraine, although both leaders described the talks as productive before heading home. Plus, Trump says there are no imminent plans to penalize China for buying Russian oil. Listen to On Assignment podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Find the Recommended Read here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit to opt out of targeted advertising. Further Reading 'No deal until there's a deal': Trump-Putin talks yield no breakthrough on Ukraine Trump says no imminent plans to penalize China for buying Russian oil Our Standards:The Thomson Reuters Trust Principles.

Riccardough's Pizza Kitchen to bring a slice of Italian heritage back to Oban
Riccardough's Pizza Kitchen to bring a slice of Italian heritage back to Oban

Press and Journal

time2 hours ago

  • Press and Journal

Riccardough's Pizza Kitchen to bring a slice of Italian heritage back to Oban

Oban is set to welcome Riccardough's, a new food business with a whole lot of history behind it. And one that promises to serve up a taste of authentic Italian pizza, many locals will remember fondly. Riccardough's Pizza Kitchen, a newly refurbished and eye-catching mobile pizza van, will soon be hitting the streets of Oban and surrounding villages. Behind the venture is 61-year-old Riccardo Pacitti, the son of the late Luigi and Dorina Pacitti, who ran the much-loved Luigi's Pizzeria and chip shop in the town for many years. Luigi's chip shop in Oban was a local institution. Known for its authentic Italian pizza and classic fish and chips, it became a community favourite. For years, locals and visitors alike queued for its fresh flavours and the warm, family-run atmosphere that made it a much-missed part of the town's food scene. The Pacitti family were pioneers of authentic Italian pizza in Oban, introducing freshly made bases and traditional toppings to customers long before the trend took off in Scotland. 'I was working in the chip shop at the time and people just loved it,' said Riccardo. 'We were the first in Oban to serve real, fresh Italian pizza. It's something I've always been proud of.' After leaving the family business, Riccardo spent 22 years working at sea. He returned home to Oban in 2020 due to health reasons and the impact of the Covid pandemic. Since then, he has been looking for a way back into the food trade — but finding a restaurant premises proved difficult. 'I was never thinking about a van,' he said. 'But my daughter Natalie and her partner David encouraged me to give it a go.' Natalie runs a successful beauty business Oro Rosa, in the shop premises her grandparents once owned, and David MacPhee runs a digital marketing company, Digital Minded, and the This is Oban website. 'They've really helped me get this off the ground,' Riccardo said. The result is Riccardough's Pizza Kitchen — a fully renovated pizza van that has been in the works since March and has just received a striking new wrap from Impact Branding. Riccardo grew up steeped in Italian cooking, learning recipes and techniques from his parents. He says Riccardough's will allow him to share that heritage with a new generation of customers. Riccardough's Pizza Kitchen will serve at lunchtimes in Oban town centre near Tesco, before moving on to villages such as Connel, Dunbeg and others in the evenings. The van will also be available for parties, weddings and events, with Riccardo working on a set schedule so people know when and where to find it. As for the menu, Riccardo is keeping his cards close to his chest. 'I'm keeping the recipe and flavours under my chef's hat for now,' he said. 'But let's just say they'll be familiar to anyone who remembers Luigi's Pizzeria.' With the final touches being put in place, Riccardough's Pizza Kitchen is expected to open very soon. Sign up for our weekly newsletter, curated by Oban-based reporter Louise Glen, for top local stories and community highlights. 👉 Subscribe here Join the chat on Facebook: West Coast Chat

One month until TikTok could be banned (again). What you need to know
One month until TikTok could be banned (again). What you need to know

The Herald Scotland

time3 hours ago

  • The Herald Scotland

One month until TikTok could be banned (again). What you need to know

In late July, U.S. Commerce Secretary Howard Lutnick said in a CNBC interview that if China did not approve a U.S.-drafted deal to sell the platform's American assets, the app would go dark again, once the next ban extension expires on Sept. 17. "If that deal gets approved by the Chinese, then that deal will happen. If they don't approve it, then TikTok is going to go dark," Lutnick previously said. "And those decisions are coming very soon, so let's see what the Chinese do. They've got to approve it. The deal is over to them right now." The White House did not immediately respond for comment when contacted by USA TODAY on Aug. 15. When could TikTok go dark (again) in the US? The next deadline for TikTok to be sold by ByteDance is Sept. 17. Why is TikTok at risk of getting banned? Some government officials are concerned that TikTok poses a national security threat, believing that ByteDance, which is based in Beijing, is sharing U.S. user data with China. TikTok has repeatedly denied these claims. In January, the platform went dark for less than 24 hours under federal legislation signed into law by former President Joe Biden in 2024. Trump has signed executive orders three times now that push back the deadline for when TikTok must be sold, promising that deals with China are on the horizon. The latest was in early July, when Trump told reporters aboard Air Force One that he was hopeful Chinese President Xi would agree to a deal to see the platform to the U.S. Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store