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Japanese shares rise on tech boost, economic recovery worries cap gains


By Reuters Staff
2 Min Read
TOKYO, May 25 (Reuters) - Japanese shares rose on Tuesday, as a strong finish on the Nasdaq overnight boosted heavyweight local technology stocks, although gains were capped by continued worries of a sluggish economic recovery because of slow vaccine rollouts in the country.
The Nikkei share average rose 0.58% to 28,528.58 by 0214 GMT, while the broader Topix edged up 0.23% to 1,917.42.
“High-priced stocks have lifted the Japanese market after a strong gain in the major U.S. indexes,” said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ Morgan Stanley Securities.
“But, fundamentally, the market is weighed down on concerns on Japan’s slow response to the pandemic, which has caused a big gap between the economic sentiment in Japan against the U.S. and Europe. The pace of Japan’s vaccine rollouts is still incomparable with these countries.” ....

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FEATURE-In South Africa, a zero-waste food bus hopes to drive away hunger


By Kim Harrisberg, Thomson Reuters Foundation
6 Min Read
Lockdown initiative aims to fight hunger in inner city
Customers urged to reuse containers and reduce waste
JOHANNESBURG, May 24 (Thomson Reuters Foundation) - When Sidney Beukes got his bus driver’s licence, he never imagined himself behind the wheel of a 40-year-old school bus that has been turned into a mobile grocery store serving low-income residents of Johannesburg.
The bus is not an easy drive: there is no power steering and it chugs along. But Beukes said every time a customer climbs aboard to buy groceries they could not afford in the shops, he is reminded of why he would not want to drive anything else. ....

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Britain's Kingfisher raises profit guidance on pandemic DIY boom


By Reuters Staff
1 Min Read
LONDON, May 20 (Reuters) - British home improvement retailer Kingfisher on Thursday raised its first half profit outlook as it continued to benefit from strong demand during the COVID-19 pandemic.
The group, which owns B&Q and Screwfix in the United Kingdom and Castorama and Brico Depot in France and other markets, said it now expected first half adjusted pretax profit to be in the range of 580 million pounds to 600 million pounds ($818-$847 million). ($1 = 0.7087 pounds) (Reporting by James Davey; editing by Michael Holden) ....

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CORRECTED-Taiwan's Gogoro to enter China with battery-sharing partnership


By Reuters Staff
(Corrects to ‘partnership’, not ‘joint venture’, in paragraph 2)
TAIPEI, May 18 (Reuters) - Taiwanese electric scooter vendor Gogoro said on Tuesday it has partnered with two Chinese two-wheel vehicle makers to offer its battery-sharing infrastructure, ramping up efforts to expand its overseas market.
Taipei-based Gogoro, known for its battery distribution network for riders, will build battery-swapping platforms in China in a partnership with Dachangjiang Group and Yadea Group Holdings.
In April, Gogoro announced a similar partnership with India’s Hero MotoCorp to build battery-sharing infrastructure in the world’s largest motorcycle market.
The two Chinese vendors will develop a range of two-wheel vehicles built for Gogoro’s battery-swapping platform, the Taiwanese company said. ....

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