Vodafone customers were left angry as the telecom operator suffers a major outage, leaving some customers unable to work

The telecom operator took to Twitter to confirm it was experiencing a nationwide outage that left many customers frustrated with the provider

Vodafone said the outage of 4G networks forced some devices to switch back to 3G intermittently, which was blocking the network

A Vodafone customer said the outage was impacting his livelihood as he worked as an Uber driver and couldn’t connect with any potential customers

The outage comes just hours after Facebook and Instagram crashed this morning, with millions of Australian users without access to the sites

About an hour after confirming the outage, Vodafone informed customers that the problem had been identified and was working to resolve it

Unfortunately for those affected, the company warned that customers will continue to experience connectivity and speed issues throughout the afternoon as services return to normal

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free daily newsletter Fully Briefed

(Bloomberg) – China is driving growth in Asia’s plant-based protein market as health-conscious consumers embrace a range of new products, according to Archer-Daniels-Midland Co, one of the world’s largest agricultural traders. Absorption of locally sourced vegetable protein has generally been faster in China than in other parts of the world, and the industry is rapidly moving beyond hamburger analogues, according to ADM Asia-Pacific President Leo Liu Alternatives to shrimp and shellfish, plant-based cheeses and ready-to-eat protein snacks are increasingly popular, he said.“There is growing awareness and interest in vegetable protein as an alternative to meat,” Shanghai-based Liu said in an interview. The Chinese are experimenting with plant-based options as they seek diets that are high in protein, sustainable, convenient and meet food safety standards, he said.ADM – one of the Big Four agricultural traders along with Cargill Inc, Bunge Ltd, and Louis Dreyfus Co – already has large operations across China and will invest more in alternative proteins there, Liu said. plants will reach $ 14.5 billion in 2025 compared to less than $ 10 billion in 2018 Growing interest in plant proteins is in line with Beijing’s growing attention to the environment and food security Self-sufficiency featured prominently in China’s latest five-year plan after the country’s pig herd was devastated by African swine fever and the trade war with the US as well as the Covid-19 pandemic have highlighted the fragility of supply chains Diversifying protein intake to plant sources could help China cope with future meat shortages, Bloombe analysts say rg Intelligence Alvin Tai and Ashley Kim in a report released in February Reducing meat consumption is also part of China’s strategy to reduce its carbon intensity by more than 65% from 2005 levels by 2030, they said.The growing number of Chinese flexitarians – mostly vegetarians but occasionally eating meat or fish – is helping boost alternative food startups across the country, Liu said. “Consumers are letting go of the calorie obsession to focus on the intrinsic value of food” Many China-based companies will continue to expand their production capacities as the popularity of plant-based meat continues to rise Fitch Solutions said in a March 31 noteOmniFoods distributes ground pork substitute in Hong Kong and mainland company Whole Perfect Food sells vegan bacon Chinese startups Zhenmeat and Starfield Food & Science Technology, meanwhile, have sought funding to develop their own meat substitutes global food companies are also looking to take part in the action Cargill launched a plant-based meat products brand called PlantEver which sold direct to Chinese consumers last year, while the pioneer of the Industry Beyond Meat Inc opened its first manufacturing facility outside the US near Shanghai this week Livekindly Collective, a group of alternative protein brands led by a former Unilever Plc executive, also plans to expand into China ADM, which claims to be now the largest supplier of plant-based proteins in the world, has been diversifying for years born to move away from the bulk crop trade and shift to higher margin food manufacturing The company expects its nutrition unit, which contains its plant protein business, to grow as large, if not larger, than its traditional crop buying and shipping business by 2050.See also: Beyond Meat Has an Old Enemy in China – Tofu: David Fickling One of the biggest potential hurdles for the industry in China is competition from existing and cheaper soy products such as tofu, said Liu“Although it will take some time to educate consumers about the new generation of plant-based foods, the demand for plant-based foods in China will have enormous market potential once the perception begins to change. and the taste and flavor of plant-based foods keep improving, ”he said (Updates with Fitch Solutions comment in 8th paragraph) For more posts like this please visit us at bloomberg Subscribe now to stay ahead with the most trusted source of business news © 2021 Bloomberg LP

Palleon Pharmaceuticals today announced the presentation of data supporting the role of hypersialylation in immune leakage in metastatic melanoma

Nimbus Therapeutics today announced the presentation of data from the Company’s HPK1 inhibitor program in a poster at the AACR Annual Meeting

From a cross-legged Ronald McDonald to a martini glass filled with olives, classic neon signs fill Let There Be Neon, a Lower Manhattan boutique that makes all of its signs in-house When electricity powers a tube filled with inert neon gas, the tube lights up, explains Jeff Friedman, owner of Let There Be Neon since 1990 The 325-square-meter (3,500-square-foot) boutique was founded by light artist, painter and documentary filmmaker Rudy Stern in 1972, and Friedman began working there five years later.

(Bloomberg) – Producer prices in China rose the most since July 2018 as commodity prices rose, a worrying sign for policymakers looking for stable inflation and adding to the risks The producer price index rose 44% in March from a year earlier after rising 17% in February, the National Bureau of Statistics said on Friday, above the 3 Median estimate of 6% in a Bloomberg survey to economists The consumer price index rose 04% from a year earlier after falling for two consecutive months After months of deflation, producer prices have started to recover this year as prices of oil, copper and agricultural products were recovering This drew the attention of key policy makers, the Financial Stability and Development Committee chaired by Vice Premier Liu He calling to efforts to stabilize prices this week The authorities should “closely monitor the prices of raw materials”, according to a statement released Thursday evening after the committee meetingAs the world’s largest exporter, rising prices in China threaten to further worsen global inflation and worsen financial markets Inflation risks are already on the rise due to a stronger economic recovery global, massive fiscal stimulus in the US and skyrocketing shipping costs “Our study found that China’s PPI has a strong positive correlation with US CPI,” said Raymond Yeung, Chief Economist for Greater China in the Australian and New Zealand Banking Group “Higher-than-expected PPI data could impact people’s judgment of inflationary pressure in the US and globally, and this impact should not be underestimated” CSI 300 Index slipped 13% in Shanghai morning trading sessions, liquor makers contributing the most to the loss Shanghai copper futures fell slightly, while structural steel fell by 9? Bloomberg Economics says Under Chinese inflation in March, there was a telling divergence – commodity prices were the main drivers, while those linked to household demand were relatively stable There are two implications: Industrial firms stand to gain from higher factor exit prices, and consumers are not quite getting back on their feet- David Qu, economist Click here to read the full report Emerging Profits Data on inflation show that consumption is still subdued, giving the central bank a reason not to tighten monetary policy any time soon, according to Yeung of ANZ. consumption, politics could start to tighten, “he saidConsumer price deflation in recent months was mostly driven by falling pork prices, a key part of the CPI basket As prices are set to rebound, the slow recovery in household spending means that the inflation likely to remain subdued Consumer staples, which exclude volatile energy and food costs, rose 03% in March from a year earlier, as food prices fell 07 % in March compared to a year ago “The recovery in manufacturing is rapid, but the speed of the rebound in consumption is far from ideal,” said Zhou Hao, senior emerging markets economist at Commerzbank AG in Singapore “The recovery of the services sector is not ideal either, but the manufacturing sector is exceptionally good, which means that the manufacturing sector will continue to drive economic growth in the future, while services will be a drag,” he said, adding that the growth rate of the PPI could reach more than 7% in the next two to three months For Chinese companies, higher factory prices mean higher profits and more high debt repayment capacity, with industrial profits surging in the first two months of the year from the same period in 2020, recent data shows However, the purchase prices of industrial companies rose even faster than the price of finished goods in March, which could weigh on profits if this continues.(Updates with comments from economists) For more articles like this, please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2021 Bloomberg LP

A fire at an offshore oil production platform operated by CNOOC Ltd in northern China left three people missing, financial publication Caixin said on Thursday Monday’s accident at the Penglai 19-3 oil field in Bohai Bay followed an oil spill while drilling a well, forcing the operator to evacuate workers from the site, Caixin added. CNOOC, China’s largest offshore oil and gas producer, has a 51% stake in the Penglai project, with the remainder held by the Chinese subsidiary of US oil giant ConocoPhillips

(Bloomberg) – China Huarong Asset Management Co steps up efforts to rekindle investor confidence after lingering questions about the bad debt manager’s financial health caused his dollar bonds to drop to record levels -mail to Bloomberg Questions on Friday, the crown corporation said it had made its debt payments “on time” and its operations were “normal”The comments came a day after people familiar with the matter said China Huarong had prepared a plan to boost profitability that would avoid the need for debt restructuring or government recapitalization.As the prices of several of China Huarong’s bonds rebounded on Thursday, securities continue to trade at historically depressed levels as investors seek clarity on the company’s finances and overhaul plan The sale, which has spread to some of China Huarong’s peers, has become the latest test of investor confidence in Chinese state-owned borrowers after a record increase in defaults last year“Too Big to Fail seems to be an outdated concept in China,” said Deng Hao, CEO of Beijing GEC Asset Management For a giant and complex entity like China Huarong, it is risky to assume that the risk of default is low just because the finance ministry is the major shareholder in the company, he said. His company does not own Huarong bonds or shares What the company is: China Huarong is one of four public entities created by the Chinese government in 1999 to help clean up a banking system riddled with bad debt It is listed in Hong Kong after $ 2.5 billion IPO in 2015 The company was left in shock in 2018 after former president Lai Xiaomin was charged with bribery and ultimately found guilty of receiving $ 179 billion ($ 273 million dollars) of illicit payments Under his leadership, China Huarong expanded into areas such as securities trading, trusts and other investments, deviating from the original mandate of eliminating bad debt. Lai was sentenced to death in January, then executed China Huarong began cutting non-core assets amid regulatory pressure to return to its roots Net profit fell 92% in first half of 2020 from a year earlier , the value of some assets that fell as a result of the Covid-19 pandemic The market value of the company has fallen to around $ 5 billion, from $ 15 billion when it was listed China trading in Huarong’s stocks and structured products was halted in Hong Kong on April 1, when the company said its 2020 financial results were delayed because its auditor needed more time to complete a deal questioners submitted an overhaul plan to regulators and received initial positive feedback, according to people familiar with the matter who asked not to be identified discussing information p riveted China Huarong is still in the process of determining the value of its holdings in some onshore and offshore units and finalizing those to be sold, which is part of the reason why it has delayed the release of 2020 results, the sources said. The company is also awaiting final approvals from Chinese authorities As China Huarong’s debt recouped some losses after Bloomberg announced details of the overhaul plan on Thursday, yield spreads on comparable T-bills on several dollar bonds were heading. towards record closing highs on Friday, a sign of lingering investor skepticism The company’s 2030 bond is listed at around 401 basis points, up from 208 basis points at the end of last month, according to prices compiled by BloombergA few yuan bonds from Huarong Securities Co, a unit of China Huarong, also plunged to record lows this week in the onshore market, prompting the brokerage to issue a statement reassuring investors that its environment Why it matters: China Huarong is deeply embedded in the country’s financial markets A corporate restructuring would be the most publicized reorganization of a Chinese public financial institution in recent years Failure to report annual profits on time has fueled speculation that the company may have issues unknown to its investors Uncertainty Over Planned China Huarong Overhaul May Increase Refinancing Risks For The Company And Its Subsidiaries Investors Pay Close Attention To Any Sign Of Government Intervention After Chinese Authorities Recently Begun To Recall Financial Support state-owned enterprises State-owned enterprises defaulted on a record 815 billion yuan of domestic bonds last year, according to data compiled by Fitch Ratings, although most of these companies are affiliated with local or regional governments. China Huarong shareholder is the country’s finance ministry What the company says: In a brief appeal organized after the earnings delay announcement, China Huarong executives, including Vice Chairman Wang Wenjie, told investors that the business was operating normally They said it was inappropriate to publish a financial report r unaudited which could not faithfully reflect its financial performanceManagement also underlined the good outlook for the distressed asset sector due to an expected increase in demand for dissolution of financial risk and pointed out opportunities in areas such as mergers and reorganizations, corporate restructurings. bankruptcy cases and mezzanine investments The company did not specify its plans in its brief statement to Bloomberg on Friday What the rating companies say: Fitch Ratings maintained its A rating and stable outlook on China Huarong in its latest rating report released in June The rating “reflects government ownership and very high level of control, indicating strong ties between the company and its sponsor, ”said FitchMoody’s Investors Service maintained its A3 rating in a credit advisory issued in December The very high level of government support assumption takes into consideration its ownership structure and strategic importance, Moody’s analysts said in the reportFitch declined to comment when contacted by Bloomberg via email, and a Moody’s analyst was not immediately available to comment What traders look next: China Huarong bonds are now the focus of concern La company and its subsidiaries have some $ 42 billion in offshore and local bonds outstanding, 41% of which will mature by the end of next year, according to data compiled by Bloomberg Offshore bondholders could bear the brunt of the fallout if China Huarong faces repayment difficulties because dollar bonds account for around $ 22 billion of its banknotes in circulation Investors are closely monitoring the progress of China’s financial plans Huarong and any gesture of potential central government support for the company They are also watching for signs that investor angst is spreading across the broader credit market, as well as signs that Chinese banks may change their lending policies to China Huarong.Another thing: Huarong said to plan asset sales, avoid debt restructuring China sentences former finance chief to death for corruption China Huarong’s credit risk escalates as bonds extend the loss graphic after ninth paragraph) For more articles like this, please visit us at bloombergSubscribe now to stay ahead with the most trusted source of business news © 2021 Bloomberg LP

Former headmistress of ultra-Orthodox Jewish school accused of child sexual abuse will remain in custody ahead of her preliminary hearing in September after appearing in Australian court on Friday

Samuel William Davidson was addicted to alcohol and drugs when his ute hit the children in February last year

Former Australian Open champion Abraham Ancer was given a two-stroke penalty at the Masters after his club hit the sand before hitting a shot from a bunker on the greensideHis score was adjusted by Augusta National to a three over par 75 out of a 73

(Bloomberg) – Chinese fintech firm Linklogis Inc rose 11% in its Hong Kong debut, with Tencent Holdings Ltd. backed company set to launch a recent round of disappointing announcements in the city Its shares reduced the gain to 81% as of 11:29 am local time Linklogis valued its $ 1.02 billion initial public offering near the midpoint of an indicative range of HK $ 17.58 per share, while the retail portion of its offering was 985 times underwritten by local investors Its performance comes after a series of disappointing announcements in Hong Kong Fintech company Bairong Inc fell 16% on its first day of trading last week, offering the worst debut in three years, while the Video streaming service Bilibili Inc also dropped This is the second over $ 1 billion IPO to launch in Hong Kong this year after Kuaishou Technology, which climbed 161% when it debuted in FebruaryHowever, while Linklogis’ median pricing and ties to Tencent made it attractive, institutional demand was not particularly strong, said Steven Leung, executive director of UOB Kay Hian (Hong Kong) Ltd. the season of selection to the icing on the cake, where people are hesitant to buy names without strong investors and solid companies“The Shenzhen-based company offers digital services to facilitate supply chain finance transactions in China Although its prospectus shows that the company has not made a profit in the past three years, revenues grew by 47% last year after rising 83% in 2019Chinese FinTech firms are having a particularly difficult year after Beijing suddenly shut down Ant Group Co’s IPO last year, signaling broader crackdowns on the industry Regulators are inspecting companies ranging from online lending payments and insurance technologies, making investors wary when it comes to supporting companies in the industryFor more articles like this, please visit us at BloombergSubscribe now to stay ahead with the most trusted source of business news © 2021 Bloomberg LP

(Bloomberg) – Toshiba Corp has reappointed Satoshi Tsunakawa, currently the company’s chairman, as chief executive to deal with its largest shareholder Effissimo Capital Management, people familiar with the matter sayThe council approved the decision at a meeting on Wednesday, the people said, asking not to be identified as the case is private The move will give Tsunakawa a more central role as the tech icon navigates a wave of deal negotiations CVC Capital Partners has made a takeover offer from Toshiba’s public shareholders, the company revealed this week The preliminary proposal is of 5,000 yen per share, or about 228 trillion yen ($ 7 billion), Bloomberg News reported, Tsunakawa became chairman of the conglomerate in June 2016 and led the company’s restructuring efforts after its large-scale accounting scandal before moving on. the relay to Nobuaki Kurumatani in 2018 Tsunakawa stepped down as executive representative last year The Singapore-based Effissimo fund has stepped up pressure on Toshiba in recent months, including forcing the company to hold an extraordinary general meeting of shareholders in March. Toshiba shareholders approved the company’s request for an independent inquiry into director appointments at last year’s annual meeting of shareholders – despite opposition from Toshiba managementThis vote was seen as a blow to Kurumatani Effissimo hired lawyers to investigate these appointments Toshiba spokesperson declined to comment For more articles like this please visit us at Bloomberg Subscribe now to stay tops with most trusted source of business news © 2021 Bloomberg LP

Jacinda Ardern’s government urged to end months of misery for migrant Kiwis and reunite families separated by COVID-19 For Daniel Bredenkamp, ​​a mechanic who moved from South Africa within weeks leading up to the pandemic, that would mean seeing his wife and two children for the first time in 16 months

After fears over blood clots halted AstraZeneca vaccine rollout, Prime Minister Scott Morrison said Pfizer’s announcement was “very good news” Source: ABC News 

Apr08 – Mainland Chinese Family Quietly Builds Presence in Hong Kong It’s Acquiring Plots of Land as Local Newspaper Shawna Kwan Reports on “Bloomberg Markets: Asia”

Angelo Barrera’s father struggled to breathe from Covid-19 as he was driven to the Philippine capital in search of a hospital bed After five hours, he signed up for a waiting list, but died before I could enter

New South Wales is not deterred by new federal vaccine deployment plans, Health Minister Brad Hazzard saidM Hazzard told reporters on Friday he had no major concerns about changes to the national immunization schedule, although state deployment to health workers has temporarily ceased

The latest US mass shooting seized the town of Bryan, Texas on Thursday when a gunman opened fire at his workplace, Kent Moore Cabinets, about 100 miles north -west HoustonHe killed one and injured six others before being taken into custody Four of the injured are in critical condition, according to a tweet from local law enforcement Bryan Police Chief Eric Buske said said they had not identified the suspect or a possible motive, but confirmed he worked in the furniture manufacturing industry”We are processing the crime scene to preserve all the evidence we need to preserve We are also working to notify next of kin And we always interview witnesses who have yet to be interviewed” Texas Gov. Greg Abbott, said a state soldier was among those injured in the shooting and said the state would help prosecute the shooterThe violent explosion is the latest in a series of deadly mass shootings across the US since mid-March Eight have been killed in Atlanta-area spas, 10 in a Colorado supermarket and four in a shopping complex in California, including a 9-year-old boyHours before filming in Texas, US President Joe Biden’s administration proposed limited measures to tackle gun violence

South Korean oil tanker held for months by Iran amid billion dollar dispute held in Seoul has been released and taken on board, just hours before further talks between Tehran and world powers on his tattered nuclear dealCom data showed MT Hankuk Chemi was leaving Bandar Abbas early Friday

Fremantle rookie Josh Treacy called a meeting with coach Justin Longmuir on Friday morning for a heart-to-heart chat, and he left as a future AFL rookieTreacy was locked up for making his AFL debut in the first round before a WAFL suspension in a practice match crushed those plans

Vodafone network failure

News from around the world – UA – Vodafone suffers a network failure

Source: https://au.finance.yahoo.com/news/vodafone-suffers-network-outage-025541650.html