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Quartz Daily Brief—Europe edition—Tablet wars, US jobs, Sriracha moguls, latte price discriminationWhat to watch for today
Updated July 21, 20224 min read
What to watch for today
What to watch for today
What to watch for today
What to watch for today
An enterprising Thai noodlemaker wants to take advantage of Europe’s recent economic struggles to gain more market share for his company’s products. Thai President Foods, maker of the popular Mama line of instant noodles, is looking to acquire a $9.7 million noodle plant—in Hungary.
A Lao Airlines plane carrying 47 people crashed into the Mekong River yesterday, with all passengers and crew presumed dead. The state-run airline’s ATR 72-600 twin-engine turboprop was en route from the capital of Vientiane to the southern city of Pakse, a popular tourist destination.
What to watch for today
What to watch for today
Two people have been killed and several wounded in nine small bomb blasts in Myanmar since Friday, including an American tourist who was injured by an improvised explosive device left in the bathroom of her luxury hotel. No one has claimed responsibility for the attacks, which have raised new doubts about Myanmar’s stability at a time when foreign investments are pouring in and the country is taking on a major role in regional diplomacy after decades of isolation.
What to watch for today
What to watch for today
What to watch for today
Thailand’s Charoen Sirivadhanabhakdi, whose brewing empire helped him build a $10.6 billion fortune, is reportedly pursuing a far more whimsical venture. The country’s third-richest man wants to build an indoor snow park in steamy Bangkok.
Today’s print edition of the International Herald Tribune is a journalistic artifact. That’s because the paper is being re-christened the International New York Times, starting tomorrow.
Last month, Thailand proposed a plan to woo a special kind of tourist: Shoppers who splash out on expensive goods. The government would cut taxes on some imported luxury products—like designer clothes and high-end watches—to entice even more of the deep-pocketed, big-spending Chinese tourists who are flooding into the country.
A generous car-buying incentive program has hit a major pothole in Thailand, which touts itself as the Detroit of Southeast Asia—presumably referring to the auto manufacturing, not crushing levels of government debt—in the latest in a string of questionable stimulus programs.