McDonald’s Sells China Operations

US fast-food giant McDonald’s will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and the Carlyle Group, it was announced Monday. The deal is part of an international turnaround plan by the Golden Arches as it struggles with sluggish growth at […]

Chinese Silk Road – One Belt One Road

Time for a long trip along the new silk road. China sent its first freight train to London earlier this week in what is one of the world’s longest train rides. The train left Yiwu West Railway Station in Zhejiang province Sunday and is headed for the British capital. The trip will take two and […]

$632K For A Single Tuna

A sushi chain boss paid $632,000 for a 466-pound bluefin tuna at auction on Thursday. The 74.2 million yen winning bid for the prized but imperiled species was the second highest ever after a record 155.4 million yen bid in 2013 at the annual New Year auction at the famed Tsukiji market. Kiyomura Corp. owner […]