China just stopped exporting two minerals the world's chipmakers need
China's exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security.
2023-09-21 18:53
Carry Trades Play Catch Up in Asia as Other EM Regions Go Dovish
Emerging Asian currencies have been less attractive than most of their global peers as carry-trade targets over the
2023-09-21 14:24
Bond Traders See Yields Marching Higher After September Fed Meeting
Bond traders are bracing for Treasury yields to keep pushing higher after the Federal Reserve signaled it’s likely
2023-09-21 10:17
Costlier Rice Unlikely to Spur Indonesia, Philippine Rate Action
Central banks in Indonesia and the Philippines will likely leave borrowing costs unchanged as they weigh inflationary pressures
2023-09-21 06:57
Subway enthusiasts stew over launch of first ever 3-inch sandwich
Fans of Subway’s sandwiches are up in arms after stores in Pakistan launched its first ever 3-inch mini sub as a budget-friendly option. The bite-size sandwich, which recently appeared on Pakistani menus and in social media posts, provides “value” to customers, a spokesperson for Subway told Bloomberg News last week. The new size is half the length of the company’s previous smallest sandwich, which is six inches. Its largest size, otherwise known as the “footlong” sub, is 12 inches. But the newer, cheaper, size is said to be a more bite-sized option to fulfil a “snack craving”. Announcing the launch, a post shared by Subway Pakistan’s Instagram account read: “Say hello to our NEW Mini Sub! The perfect treat for your snack cravings! Get ready to fall in love with its incredible flavors!” A second post added, “Our New Mini Sub is the cutest explosion of taste you’ll ever experience!”, followed by the slogan: “Unleash the mini magic”. The reduced size comes as Pakistan contends with Asia’s fastest rates of inflation, which has seen double-digit percentage increases in the price of fuel amid a cost of living crisis. The August data from Pakistan’s statistics bureau showed that food inflation was elevated at 38.5 per cent. Confronting rising prices, many restaurants have reportedly increased prices on their menus or reduced portion sizes. Pakistan was saved from debt default after securing a further $3bn bailout disbursement from the International Monetary Fund (IMF) in July. However, the deal has come with specific measures attached, including an increase in fuel and energy prices. These rising energy costs have sparked protests among citizens across the country. Meanwhile, Subway fans have been expressing their disappointment about the “tiny” size of the new sandwich. “No one is walking outta the shop after eating this and feeling full,” wrote one Twitter/X user. “That’s like 2-3 bites!” wrote one social media user, as another added: “This would barely feed a toddler.” While it seems that the mini sub has only been rolled out in Pakistan so far, it is unconfirmed whether the menu item will be available at other global stores. The Independent has contacted Subway for comment. Read More Tea enthusiasts stew over 60-second PG Tips teabag: ‘It’s a massive step backwards’ Dunkin’ fans appalled by amount of sugar in Ice Spice’s Munchkins Drink: ‘This should be illegal’ Millennial woman reveals everything Gen Z coworker has taught her: ‘Class was in session’ Three recipes from Michel Roux’s new fuss-free French cookbook How to cook to keep your gut healthy The symbolic foods that are eaten on the Jewish New Year
2023-09-19 17:48
China's central bank woos top Western firms as economic challenges grow
China will open up its financial industry and make its business environment more friendly for foreign businesses, the country's central bank governor told a number of top Western companies on Monday, renewing Beijing's efforts to lure overseas capital as economic challenges mount.
2023-09-19 13:23
Companies Get Renewed Pressure to Disclose Nature-Related Risks
Executives from companies, banks and asset managers published guidelines aimed at helping businesses disclose the risks they face
2023-09-19 06:50
Starbucks to face lawsuit claiming its fruit drinks are missing fruit
By Jonathan Stempel NEW YORK Starbucks was ordered by a federal judge on Monday to face a lawsuit
2023-09-19 01:52
Fed’s Policy Paradox: Too-Slow Growth Threatens Inflation Fight
Faced with only limited signs of a slowdown in US demand despite more than five percentage points of
2023-09-17 21:46
California Dreamforce, Autoworkers Strike: Your Saturday US Briefing
Hello from San Francisco, which just got a boost from an estimated 43,000 Dreamforce conventioneers hosted by Salesforce
2023-09-16 23:26
World Disappointed by the UN Now Looks Elsewhere for Answers
A brutal, grinding war in Ukraine. Governments overthrown in Niger and Gabon. Lingering hostility over the Covid-19 pandemic
2023-09-16 22:28
Surging Rice Prices Batter Bonds in Major Importer Philippines
The highest rice prices in 15 years are threatening to worsen inflation in the Philippines and pummel the
2023-09-14 14:29