Monday, 22 October, 2018

Rat Wipes $190M Off Restaurant Chain's Value

A video of a rat found in a hotpot at a Chinese restaurant angered the nation A video of a rat found in a hotpot at a Chinese restaurant angered the
Jeannette Daniel | 14 September, 2018, 01:56

A simmering pot of hot soup is placed at a dining table and various vegetables and raw meats are then placed in the pot to cook.

An inspection was immediately undertaken at the restaurant but no trace of rats were found.

The woman and her husband were eating at the popular chain Xiabu Xiabu on September 6 when she discovered the dead rat in the hotpot, South China Morning Post reported.

The well-known chain, Xiabu Xiabu, was closed for an investigation by health officials after the incident occurred and stock hit the lowest level in nearly a year after news spread, the BBC reports. Video circulated widely on social media in China, to the shock and disgust of viewers, shows the man in the eastern city of Weifang fishing the boiled rodent out of the murky broth with chopsticks.

After the rat report surfaced, the local market supervision bureau dispatched personnel to check the restaurant.

On 11 September, the company's share price hit its lowest level since October previous year.

More news: Liverpool need Bayern's mentality to win titles - Shaqiri

By September 11th, the company's stock price had dropped by over 12 percent, causing it to lose 1.3 billion yuan ($190 million) in market value. The company's shares recovered somewhat on Wednesday, gaining around three per cent.

"Xiabu Xiabu has always been one of my favourite restaurants, I thought they were quite clean as well".

The rat was found in hot pot broth.

Xiabu Xiabu released a statement on Saturday night saying that it valued food security and would make improvements.

"We have set up a task force to carry out an in-depth investigation into this incident, and will also invite third-party authorities to help us clarify the truth", she wrote in an email.

Though hotpot has gained in popularity in recent years, customers across China have complained about questionable hygiene standards at hotpot chains, particularly over restaurants reusing hotpot broth with new customers.

Recommended

David Wright had a flair for the dramatic from the very start David Wright had a flair for the dramatic from the very start He earned $20 million this season, a portion of which the Mets have recouped via insurance while he's been on the disabled list. According to WFAN's Mike Francesa, the Mets will activate the veteran third baseman for their last homestand of the season.

NASA considers letting corporations put brand names on rockets NASA considers letting corporations put brand names on rockets They can feed off one another and exacerbate effects on the human body", the statement added. Radiation is not only stealthy, but considered one of the most menacing of the five hazards.

Tottenham's Dele Alli and Hugo Lloris ruled out of Liverpool clash Tottenham's Dele Alli and Hugo Lloris ruled out of Liverpool clash Harry Winks is closing in on a first start since February, having been sidelined by an ankle injury last season and undergone surgery in the summer. "It is a chronic injury".

Canada Ready to Allow US Dairy Access in NAFTA Talks Canada Ready to Allow US Dairy Access in NAFTA Talks Foreign Affairs Minister Chrystia Freeland told reporters gathered in Washington where she is meeting now with U.S. Representatives from both sides have expressed their preference to keep a NAFTA deal intact.

Tom Brady on Jalen Ramsey opinion: 'I never want to suck' Tom Brady on Jalen Ramsey opinion: 'I never want to suck' Ramsey said recently that he thinks the biggest reason for the Jaguars losing that game was that they became too conservative. So Gronk, how do you feel about those things that Ramsey said? I'm sure I'm going to have opportunities to go versus him.

Fracking helped make the USA the world's oil king Fracking helped make the USA  the world's oil king The EIA estimated that USA crude production has risen to 10.9 million barrels-per-day and could average at 11.5 million next year. In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades.

Read Jeff Bezos' full statement about his $2 billion Day One fund Read Jeff Bezos' full statement about his $2 billion Day One fund "We'll use the same set of principals that have driven Amazon ", wrote Bezos of the preschool management. Jeff Bezos's net worth is about $150 billion, so this campaign represents a little over 1% of that.

Grant Hill opens up at Basketball of Hall of Fame ceremony Grant Hill opens up at Basketball of Hall of Fame ceremony He said: "I would come out on the floor thinking I was early and he was already out there and Reggie had a Superman shirt on". Thompson was the first-ever draft pick in the WNBA, a four-time champion in that league and a two-time Olympic gold medalist.

Hurricane Florence Rocks Wooden Pier in Nags Head Hurricane Florence Rocks Wooden Pier in Nags Head Watching the scene unfold from space, German Alexander Gerst, an astronaut on board the ISS, tweeted photos of the enormous storm. National Guard soldiers from the state, North Carolina and Virginia are mobilizing to prepare for hurricane recovery efforts.

‘Chilling Adventures Of Sabrina’ Looks Scary AF - Watch The Creepy Teaser! ‘Chilling Adventures Of Sabrina’ Looks Scary AF - Watch The Creepy Teaser! Sabrina the Teenage Witch is coming back to TV, but in a very, very, very, very, very different light than when we last saw her. As the weather outside turns colder, there's nearly nothing that'll get you in a fall mood more quickly than this trailer.

Tennis umpires reportedly mulling boycotting Serena Williams matches after US Open flap Tennis umpires reportedly mulling boycotting Serena Williams matches after US Open flap In sports, stuff happens and how an athlete copes with that stuff can determine whether he or she ends up with a championship. When a man does the same, he's "outspoken" and there are no repercussions. " More voices are needed to do the same".

New Assassin's Creed Odyssey trailer showcases the newly introduced dialogue choices New Assassin's Creed Odyssey trailer showcases the newly introduced dialogue choices Assassin's Creed Odyssey promises to be an ambitious action role-playing game that places choice at the center of the experience. You can pick the Guided mode that will reflect the map markers at all times and give you quest objectives automatically.

China welcomes USA trade talks offer as new tariffs loom China welcomes USA  trade talks offer as new tariffs loom The two chambers of commerce on Thursday urged the USA and Chinese governments to resume negotiations. The trade war has already contributed to sell-offs in China's stock markets and currency.

Spotify's latest update triples download limit for offline listening Spotify's latest update triples download limit for offline listening If you use the service but still prefer the old-school method of listening to music, then you may have encountered this odd limit. Spotify users accustomed to amassing a wealthy horde of downloaded music will have ample reason to rejoice.

Top Euro court: UK's former snooping regime breached human rights Top Euro court: UK's former snooping regime breached human rights It comes after United States whistleblower Edward Snowden disclosed British surveillance and intelligence-sharing practices. The ruling cited a "lack of oversight of the entire selection process" and "the absence of any real safeguards".