Monday, 13 May 2013 17:56
Posted by Abdul Ahad
SHANGHAI: Sales of fast food giant KFC in China slumped an estimated 36 percent last month, according to parent Yum! Brands, as consumers shunned chicken due to the H7N9 bird flu outbreak in humans.For Yum overall, which includes other restaurant chains such as Pizza Hut, Chinese same-store sales -- a measure of turnover in established outlets -- fell an estimated 29 percent in April, according to an exchange filing on Friday.An outbreak of H7N9 avian influenza, found in humans for the first time, has killed 35 people in China since the government began reporting figures in late March, according to the National Health and Family Planning Commission.The ministry said Monday that four new deaths had occurred in the past week.Chinese cities have shut live poultry markets in response to the outbreak."Beginning the first week of April, publicity surrounding avian flu in China has had a significant, negative impact on KFC ...
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SHANGHAI: Sales of fast food giant KFC in China slumped an estimated 36 percent last month, according to parent Yum! Brands, as consumers shunned chicken due to the H7N9 bird flu outbreak in humans.For Yum overall, which includes other restaurant chains such as Pizza Hut, Chinese same-store sales -- a measure of turnover in established outlets -- fell an estimated 29 percent in April, according to an exchange filing on Friday.An outbreak of H7N9 avian influenza, found in humans for the first time, has killed 35 people in China since the government began reporting figures in late March, according to the National Health and Family Planning Commission.The ministry said Monday that four new deaths had occurred in the past week.Chinese cities have shut live poultry markets in response to the outbreak."Beginning the first week of April, publicity surrounding avian flu in China has had a significant, negative impact on KFC ...
TOKYO: Japanese electronics giant Sharp will name a new president at its June shareholders' meeting, replacing its current chief after only a year in the job, the Nikkei business daily said Monday.The struggling firm, which last year warned about its own survival, would name company veteran Kozo Takahashi as its new chief, the paper said.He would replace Takashi Okuda who was set to become chairman, a title that often precedes retirement in big Japanese companies.Sharp ...
KUALA LUMPUR: Malaysian tycoon Tony Fernandes plans to raise up to $300 million by listing shares in the long-haul arm of AirAsia, slated for July, a source said Monday.AirAsia X would sell 790.12 million shares in the initial public offering (IPO) with listing scheduled for July 10 on Bursa Malaysia, a source familiar with the deal told AFP on condition of anonymity.The funds are expected to be used for a mixture of activities including capital ...
BEIJING: Industrial output in China rose 9.3 percent in April, the National Bureau of Statistics said Monday, accelerating from March but below market expectations, underscoring sluggish growth momentum.Retail sales were up 12.8 percent year-on-year in April, while fixed-asset investment rose 20.6 percent in the first four months of the year, the NBS said in a statement.Copyright AFP (Agence France-Presse), 2013 ...
SEOUL: Samsung Electronics said Monday it had successfully tested super-fast fifth-generation (5G) wireless technology that would eventually allow users to download an entire movie in one second.The South Korean giant said the test had witnessed data transmission of more than one gigabyte per second over a distance of two kilometres.The new technology, which will not be ready for the commercial market before 2020 at the earliest, would offer transmitting speeds "up to several hundred times ...
KUWAIT: State-run Kuwait Airways will spend 850 million dinars ($2.98 billion) on 25 new Airbus jets and aims to lease a further 13 to upgrade its ageing fleet, a Kuwaiti newspaper reported on Sunday.Daily Al-Watan cited sources close to the decision-makers as saying that the airline would start receiving the new aircraft from Airbus, owned by aerospace and defence group EADS , from 2019.Kuwait Airways plans to buy 10 wide-bodied A350-900 jets and 15 of ...
FRANKFURT: German publisher Axel Springer has drawn up a cost-cutting programme to save 20 million euros ($25.94 million) in a move which could see up to 200 staff made redundant, weekly magazine Der Spiegel said, citing people familiar with the plan.Copyright Reuters, 2013 ...
