Author: i2wtc
People walk past a Burger King restaurant with Chinese national flags displayed on a street during the National Day Golden Week holiday on October 5, 2024, in Chongqing, China. Cheng Xin | Getty ImagesRestaurant Brands International on Monday announced that it will form a joint venture with CPE, a Chinese alternative asset manager, to run Burger King’s restaurants in China.Earlier this year, a subsidiary of Restaurant Brands acquired its equity interests from its previous Burger King China partners, Turkish-based operator TFI and U.S.-based private equity firm Cartesian Capital, for roughly $158 million in cash. At the time, the company said…
The Instacart logo is seen on a smartphone and on a PC screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesInstacart’s stock rose 7% before the bell Monday after the grocery delivery platform topped third-quarter earnings and issued upbeat guidance under new CEO Chris Rogers.Here’s how the company did versus LSEG estimates:Earnings per share: 51 cents adjusted vs. 49 cents expectedRevenue: $939 million vs. $934 million expectedRevenues rose 10% from $852 million in the year-ago period. Gross transaction value, which tracks the value of goods sold, rose 10% to $9.17 billion from $8.3 billion last year and surpassed a…
Volunteers pose for selfies at the National Exhibition and Convention Center (Shanghai), the main venue of the eighth China International Import Expo (CIIE) in east China’s Shanghai, Nov. 10, 2025. The 8th CIIE concluded here on Monday. (Xinhua/Wang Jingqiang)Volunteers dance at the south square of the National Exhibition and Convention Center (Shanghai), the main venue for the eighth China International Import Expo (CIIE), in east China’s Shanghai, Nov. 10, 2025. The 8th CIIE concluded here on Monday. (Xinhua/Chen Haoming)Foreign exhibitors pose for photos at the China Pavilion during the eighth China International Import Expo (CIIE) in east China’s Shanghai, Nov.…
Foreign Office. Photo: File ISLAMABAD: Pakistan on Sunday warned that it would treat the Afghan Taliban regime as an enemy if it continues to provide shelter and support to terrorist outfits such as the banned Tehreek-e-Taliban Pakistan (TTP) and the Baloch Liberation Army (BLA). “TTP/FaK [Fitna al-Khawarij] and BLA/FaH [Fitna al-Hindustan] are declared enemies of the State of Pakistan and its people. Anyone harbouring, abetting or financing them is not considered a friend and well-wisher of Pakistan and its people,” the Foreign Office said in a strongly worded statement. The statement followed the conclusion of the third round of Pakistan-Afghanistan…
Tourists walk past the U.S. Capitol more than a month into the continuing U.S. government shutdown in Washington, D.C., U.S., Nov. 7, 2025. Nathan Howard | ReutersThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Light at the end of the tunnel?All eyes were on Capitol Hill last night when the Senate approved the first step of a deal that could end the federal government shutdown. Effects of the 41-day closure escalated in the last week, as the FAA ordered airlines to cancel…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesThe private tech market has never been hotter, with companies like OpenAI, SpaceX, Anthropic and Stripe climbing to astronomical valuations. PitchBook, one of the top providers of data on startups, wants to make it easier for users to quickly access information on those companies and many others. On Monday, Pitchbook introduced an artificial intelligence-powered tool that provides market insights based on user prompts. Rather than having to find a company’s profile page and search for specific information, subscribers will be able to ask questions to the AI assistant, dubbed PitchBook Navigator,…
LONDON: The director general of the BBC announced his resignation Sunday following a row over the editing of a documentary about US President Donald Trump. Tim Davie and the broadcaster’s head of news, Deborah Turness, resigned after accusations that a documentary by its flagship Panorama programme had edited a speech by Trump in a misleading way. “Like all public organisations, the BBC is not perfect, and we must always be open, transparent and accountable,” Davie said in a statement posted on the BBC website. “While not being the only reason, the current debate around BBC News has understandably contributed to…
Former Donald Trump lawyer and former New York City Mayor Rudolph Giuliani arrives at U.S. Federal court in his case to surrender valuables to Georgia election workers he was found to have defamed, in New York City, U.S., November 26, 2024. Brendan McDermid | ReutersPresident Donald Trump has pardoned his former personal lawyer Rudy Giuliani, his former chief of staff Mark Meadows and others accused of backing the Republican’s effort to overturn the 2020 election, a Justice Department official says.Ed Martin, the government’s pardon attorney, posted on social media a signed proclamation of the “full, complete, and unconditional” pardon, which also…
A staff member promotes shoes via live streaming at a network technology company in Ouhai District of Wenzhou, east China’s Zhejiang Province, Nov. 10, 2025. E-commerce and logistics companies across China are busy selling, packaging and delivering goods in the run-up to the annual “Double Eleven” shopping festival which falls on Nov. 11. (Photo by Liu Jili/Xinhua)A staff member promotes shoes via live streaming at a network technology company in Ouhai District of Wenzhou, east China’s Zhejiang Province, Nov. 10, 2025. E-commerce and logistics companies across China are busy selling, packaging and delivering goods in the run-up to the annual…
Pervaiz Rashid. PHOTO: FILE ISLAMABAD: The Senate on Sunday witnessed heated debates on the proposed 27th Constitutional Amendment Bill, with the treasury benches hailing it as a historic step toward strengthening the constitutional framework, enhancing judicial transparency, and ensuring inclusive representation. However, opposition members rejected the proposed amendment, arguing that it would shake the foundations of the Constitution and undermine the independence of the judiciary. Taking part in the debate, senior PML-N leader Senator Pervaiz Rashid said the struggle for judicial independence in Pakistan had always been led by political workers and democratic forces rather than the judiciary itself. He…