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FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - Yesterday -
For Sale: A Painting the Monuments Men Rescued From the Nazis
The portrait by a French court painter is one of three displayed in a photo that came to depict the efforts of a U.S. Army unit that tracked legions of looted art.Top stories - The New York Times - 2 days ago -
McDonald’s suffers second straight decline in quarterly sales
US fast-food chain hit by weakness in international markets as it promotes more discount mealsBusiness - Financial Times - Yesterday -
McDonald’s Seeks to Resolve E. Coli Crisis and Return Focus to Value
The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company said it moved quickly to contain.Business - The New York Times - Yesterday -
GSK cuts vaccine sales target on reduced demand
U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.Business - MarketWatch - 10 hours ago -
BYD quarterly sales beat Tesla for first time
Warren Buffett-backed Chinese carmaker’s revenues surge 24 per cent but fierce competition slims marginsBusiness - Financial Times - 8 hours ago -
The Coolest Batman Lego Sets On Sale Right Now
While many superheroes have gotten the Lego treatment, few have been featured in as many sets as Batman. From large-scale scenes featuring a bunch of minifigures to highly detailed models, there ...Tech - GameSpot - 8 hours ago -
Biogen’s stock hit by soft sales of Alzheimer’s treatment
“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.Business - MarketWatch - 5 hours ago -
EU to pursue Temu for alleged sale of illegal products
Consumer groups have raised concerns about toxic goods sold on platformWorld - Financial Times - 4 hours ago -
China Launches Sea and Air Drills Around Taiwan
The one-day military exercises followed a speech by Taiwan’s president last week that reaffirmed the island’s sovereignty.World - The Wall Street Journal - October 14 -
China Holds War Games Encircling Taiwan in Warning to Island’s Leader
Scores of Chinese aircraft and dozens of ships surrounded Taiwan, after President Lai Ching-te rejected Beijing’s claim over the island.World - The New York Times - October 14 -
China starts large military drills around Taiwan
Manoeuvres come after Taiwan’s president asserted sovereignty but asked Beijing to co-operate to secure peaceWorld - Financial Times - October 14 -
China’s Stock Markets Rebound on Promises to Help Businesses
Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.Business - The New York Times - October 14 -
China 'punishes' Taiwan president remarks with new drills
Beijing says the exercise involved all parts of the military and simulates a full-scale attack on its neighbour.Top stories - BBC News - October 14 -
Legendary buys out China's Wanda ownership stake
'Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.Entertainment - Los Angeles Times - October 14 -
Behind Xi Jinping's Pivot on Broad China Stimulus
A bevy of bad news prompted action from the leader—but not a full U-turn.World - The Wall Street Journal - October 15 -
China’s Wild Panda Census is Widely Regarded as Flawed
The panda census methodology is widely seen as flawed, and China keeps the data shrouded in secrecy.World - The New York Times - October 15 -
How the U.S. Is Trying to Challenge China's Cobalt Chokehold
Talks over mining company Chemaf in Congo are part of a push by the Biden administration to secure global supplies of a metal used in everything from jet fighters and drones to electric-vehicle ...World - The Wall Street Journal - October 15 -
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Pandas from China arrive in Washington, D.C.
Two pandas from China arrived in Washington, D.C., on Tuesday, ending an 11-month absence of pandas from the National Zoo. The two giant pandas, Bao Li and Qing Bao, will have a month to settle ...Top stories - CBS News - October 15 -
How big is ‘big enough’ for China’s stimulus?
Some estimates and theoriesWorld - Financial Times - October 16 -
To top China in biotech, support US seedbeds of innovation
Congress's ambition to break our dependence on this China-derived supply chain must be paired with an equal zeal for investing in domestic capabilities.Politics - The Hill - October 16 -
China Employs Hackers and Celebrities to Undermine Taiwan
Taiwan has accused Beijing of a wide-ranging campaign to weaken the island’s resolve.World - The Wall Street Journal - October 17 -