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Red Lobster seafood chain slowly clawing its way into China, but hopes country will one day be its biggest market

Red Lobster, which only has two locations in China today, sees the country becoming its biggest overseas market.The seafood chain, which separated from Darden Restaurants about five years ago, has locations in Beijing and Shanghai operated by Chinese partner FWM Restaurants and more are on the way, Red Lobster chief executive officer Kim Lopdrup said.While he wouldn’t say how many new restaurants are planned, he said China will eventually be a larger market for the chain than Canada and Japan,… Source link

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Singapore 

Red, white and local: What ministers and MPs wore to NDP 2019, Singapore News

SINGAPORE – Red, white, quirky patterns and matching outfits. Ministers and MPs arrived at the Padang on Friday (Aug 9) to celebrate the nation’s 54th birthday in intricate outfits, many of which were from Singapore designers and labels, or had strong Singaporean influences. Prime Minister Lee Hsien Loong sported a red-and-white shirt with a motif of the Vanda Miss Joaquim orchid, Singapore’s national flower. Deputy Prime Minister Heng Swee Keat and Environment and Water Resources Minister Masagos Zulkifli had a “twinning” day, as they wore matching shirts designed by batik…

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Hong Kong stocks slump to nearly two-month low, with insurers to techs ending deep in the red as city braces for protests, union strikes

Hong Kong stocks fell to a nearly two-month low on Friday, as investors were caught off guard by a surprise escalation of the US China trade war and fears that the local economy will continue to deteriorate amid unresolved protests.The Hang Seng Index lost 2.35 per cent to close at 26,918.58, reflecting the biggest decline since May 9 and its lowest close since June 5. The benchmark was dragged for a 5.2 per cent loss for the week, while Friday’s turnover at HK$114.2 billion (US$14.59 billion),… Source link

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China 

‘New red scare’ shrouds US-China tech war as Trump cracks down on intellectual property theft

Chinese scientists in America are increasingly wary that US prosecutors will unfairly pursue cases against them based on race as part of US President Donald Trump’s intensified crackdown on Chinese intellectual property theft, a hugely contentious issue in the ongoing trade and tech war between China and the United States.Such mounting worries come after Washington launched the China Initiative in November to identify and prosecute those engaging in trade secret theft, hacking and economic… Source link

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Singapore 

Fans in Singapore see red over the cold Red Devils, Singapore News

Manchester United, arguably the most popular club in the world, rolled into town last night for this weekend’s International Champions Cup (ICC). But, while the reception from the fans was red hot, the Red Devils themselves blew cold. As if acting on authority, players and staff alighted the team bus at about 8.10pm and shuffled past about 150 fans inside the Ritz-Carlton, Millenia Singapore hotel and down a flight of stairs before they disappeared. Midfielder Juan Mata was the only one to stop, albeit for a selfie with one fan…

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Global 

China’s robot makers are hooked on subsidies, highlighting another red line in US-China trade war

Prospects of China and the US securing a deal to end the trade war are dwindling. This is the fifth in a series of long reads examining the elements of any deal that Beijing would be willing to agree to, those that are considered achievable in the long run, as well as the red lines, on which Beijing is unlikely to ever budge. Part five focuses on the complex issue of state subsidies for China’s hi-tech industries.If Beijing’s phasing out of references to “Made in China 2025”, the ambitious… Source…

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Global 

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policymakers are again seeking to shore up weak growth and inflation.US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on… Source link

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Singapore 

How do MLMs in Singapore work? 5 red flags to watch out for, Singapore News

A long lost friend contacts you out of the blue and asks you out for coffee. You accept, jumping at the chance to rekindle an old friendship. But as the coffee date progresses, your “friend” utters those dreaded words: “Are you open to exploring a new business opportunity?” Most Singaporeans have been solicited at least once in their lives by a friend or relative who works for an MLM. Then there are rumours of people who’ve lost thousands after investing significant upfront capital on MLM products. WHAT’S THE MEANING OF…

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Vietnam 

Havas Group renames to Red Havas – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — Media agency Havas Group recently announced that it had rebranded a number of its public relations (PR) and social agencies under a new name, called Red Havas, to drive the agencies’ merged media strategy to new heights and across new continents. Effective immediately, Havas PR North America, with offices in New York City, New England, Phoenix and Pittsburgh, and Asia Pacific-based Red Agency, with offices in Australia, Singapore and the Philippines, will all carry the new brand, which encompasses earned, social, experiential and content capabilities. In…

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Singapore 

Singapore Red Cross website hacked, details of almost 4,300 potential blood donors leaked, Singapore News

SINGAPORE – More than 4,000 individuals have had their personal information leaked after part of the Singapore Red Cross’ (SRC) website was hacked last Wednesday (May 8). This is the latest of a string of data breach incidents affecting health-related organisations in Singapore. The part of the SRC website affected was the section that recruits people interested in donating blood, it said in a statement on Thursday (May 16). Through the website, members of the public can indicate their interest in making a blood donation. The SRC then manually makes…

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