
-
Kenya's economy faces climate change risks: World Bank
-
BP chairman to step down after energy strategy reset
-
Indian patriotic movie 'icon' Manoj Kumar dies aged 87
-
Pacific nations perplexed, worried by Trump tariffs
-
Prominent US academic facing royal insult charge in Thailand
-
Yana, a 130,000-year-old baby mammoth, goes under the scalpel
-
Crops under threat as surprise March heatwave hits Central Asia: study
-
Japan PM says Trump tariffs a 'national crisis'
-
'It's gone': conservation science in Thailand's burning forest
-
EU leaders push for influence at Central Asia summit
-
Asian stocks extend global rout after Trump's shock tariff blitz
-
German industry grapples with AI at trade fair
-
Where Trump's tariffs could hurt Americans' wallets
-
Trump tariffs on Mexico: the good, the bad, the unknown
-
With tariff war, Trump also reshapes how US treats allies
-
Penguin memes take flight after Trump tariffs remote island
-
Tom Cruise pays tribute to Val Kilmer
-
'Everyone worried' by Trump tariffs in France's champagne region
-
UK avoids worst US tariffs post-Brexit, but no celebrations
-
Canada imposing 25% tariff on some US auto imports
-
Lesotho, Africa's 'kingdom in the sky' jolted by Trump
-
Trump's trade math baffles economists
-
Macron calls for suspension of investment in US until tariffs clarified
-
Trump tariffs hammer global stocks, dollar and oil
-
Mexico president welcomes being left off Trump's new tariffs list
-
Lesotho hardest hit as new US tariffs rattle Africa
-
Stellantis pausing some Canada, Mexico production over Trump auto tariffs
-
Rising odds asteroid that briefly threatened Earth will hit Moon
-
Is the Switch 2 worth the price? Reviews are mixed
-
Countries eye trade talks as Trump tariff blitz roils markets
-
AI could impact 40 percent of jobs worldwide: UN
-
US trade partners eye talks after Trump tariff blitz
-
Dollar, stocks sink as gold hits high on Trump tariffs
-
Trump tariff blitz sparks retaliation threats, economic fears
-
Lessons and liquids: buried alive in Myanmar's earthquake
-
Nintendo Switch 2 sparks excitement despite high price
-
Sri Lanka's crackdown on dogs for India PM's visit sparks protest
-
China vows 'countermeasures' to sweeping new US tariffs
-
Trump jolts allies, foes and markets with tariff blitz
-
How Trump's 'liberation day' tariffs will impact China
-
Europe hits out at Trump tariffs, keeps door open for talks
-
Australia sweats through hottest 12 months on record: official data
-
South African artist champions hyenas in 'eco-queer' quest
-
Taiwan says US tariffs 'highly unreasonable'
-
Trump escalates trade war with sweeping global tariffs
-
China says opposes new US tariffs, vows 'countermeasures'
-
Quake-hit Myanmar's junta chief to head to Bangkok summit
-
New Spielberg, Nolan films teased at CinemaCon
-
Shiny and deadly, unexploded munitions a threat to Gaza children
-
Stocks tank, havens rally as Trump tariffs fan trade war

Chinese food delivery giant slumps on new fee-cut measures
Shares of Chinese food delivery giant Meituan slumped Friday as Beijing released new guidelines instructing internet platforms to lower fees for struggling eateries.
The guidelines, published by China's top economic planner, aim to support a service sector hit especially hard by restrictions to curb the spread of Covid-19.
Shares in Meituan, which has hundreds of millions of users in China, plunged almost 15 percent in Hong Kong when markets closed Friday.
Earlier this week, a State Council meeting pledged to scale up support for sectors such as catering, retail and tourism, including temporary tax breaks, the official Xinhua news agency reported.
And internet companies, including those doing food delivery, should be guided to further cut service fees, helping merchants bring down operating costs, according to the latest document from the National Development and Reform Commission.
"Internet platform companies shall be guided to give preferential service fees to catering firms... where medium- or high-risk areas in the pandemic are located," the NDRC added.
Beijing has embarked on a sweeping regulatory crackdown in the past year or so, clipping the wings of several major internet firms and leaving investors jittery.
Meituan shares have dropped nearly 60 percent in the last year, according to Bloomberg News.
China's economic growth also slowed dramatically in the second half of 2021, raising concerns about the impact of a strict zero-Covid approach that has left borders mostly closed to the outside world and impacted on supply chains.
L.Peeters--CPN