Business ► - Page 26

The inauguration of the Viking Link cable route, connecting the UK and Denmark, represents a significant achievement in European connectivity. (Photo: Energinet)

3 min read

Business Denmark U.K.

UK and Denmark unveil ambitious Viking Link project to power homes and cut emissions

Post Date 01/16/2024

In a landmark move to combat climate change and enhance energy security, the UK and Denmark have initiated a groundbreaking joint venture known as the [more…]

Japan's KDDI revealed its plans to aid in the construction of Manila's inaugural subway by building telecommunications and fare collection systems. (Photo: Rail Professional)

2 min read

Business Japan Philippines

KDDI to spearhead telecommunications and fare collection systems for Manila’s first subway

Post Date 01/16/2024

In a bid to alleviate traffic congestion and reduce air pollution in Manila, Japanese telecommunications giant KDDI has announced its involvement in the development of [more…]

Maybank Singapore has achieved a significant milestone by becoming the inaugural foreign bank to provide fixed deposit services for CPF funds. (Photo: MayBank)

3 min read

Business Malaysia Singapore

Maybank Singapore makes history, launches fixed CPF deposits

Post Date 01/16/2024

Once upon a time in Singapore, where the Central Provident Fund (CPF) was the cornerstone of retirement planning, a new opportunity arose for CPF members. [more…]

JDE Peet’s has announced the successful completion of its acquisition of the Brazilian coffee and tea business from JAV Group. (Photo: Daily Coffee News)

2 min read

Brazil Business Netherlands

JDE Peet’s expands its Brazilian empire with Maratá acquisition

Post Date 01/12/2024

JDE Peet’s, a global powerhouse in the coffee and tea industry, has cemented its dominance in Brazil with the successful acquisition of Maratá’s coffee and [more…]

On Friday, Citigroup's CFO Mark Mason announced that the company plans to lay off 20,000 employees over the next two years, following its report of a $1.8 billion net loss for the fourth quarter of 2023 (Photo: Jim Dyson | Getty Images)

2 min read

Business U.S.

Citigroup announces massive layoffs following fourth quarter loss

Post Date 01/12/2024

Citigroup’s CFO Mark Mason announced on Friday that the company plans to lay off 20,000 employees over the next two years. This decision comes after [more…]

The CEO of Boeing has stated that the company is "acknowledging our mistake" in response to the door blowout incident on an Alaska Airlines flight. (Photo: NDTV World)

3 min read

Business U.S.

Boeing’s safety and supply woes rattle airlines, prompting calls for action

Post Date 01/10/2024

A recent incident involving a cabin blowout at 16,000 feet and the subsequent grounding of over 170 Boeing jets has reignited concerns among airlines over [more…]

Supply chain hurdles for Chinese ecommerce giants' such as PDD's Temu in South Korea as business booms. (Photo: Shutterstock)

3 min read

Business China South Korea

Chinese e-commerce giants’ growing influence in South Korea

Post Date 01/09/2024

China’s e-commerce giants are rapidly expanding their presence in South Korea, capturing the attention of millions of Korean shoppers with their competitive prices and wide [more…]

Dec. 22, 2023 - Bristol Myers has agreed to purchase Karuna for $14 billion in cash, acquiring a promising experimental schizophrenia drug to fuel future growth. (Photo: Karuna Therapeutics)

2 min read

Business U.S.

Bristol Myers Squibb’s $14 billion acquisition of Karuna Therapeutics is a strategic step to strengthen its drug portfolio

Post Date 12/22/2023

In a significant strategic move, Bristol Myers Squibb (BMS) has announced its acquisition of Karuna Therapeutics for a staggering $14 billion in cash. This acquisition [more…]

According to flight data, Juneyao Airlines was slated to receive the wide-body 787 Dreamliner, marking the first direct Boeing delivery to a Chinese airline since late 2019. (Photo: Juneyao Airlines)

3 min read

Business China U.S.

Boeing resumes direct 787 Dreamliner deliveries to Chinese airlines, opening path for 737 Max

Post Date 12/21/2023

In a significant development for Boeing, the aerospace giant has handed over a 787 Dreamliner directly to a Chinese airline for the first time since [more…]

Uber will raise the minimum wage for its drivers in France as part of a broader agreement with ride-hailing companies and driver representatives in the country. (Photo: Getty Images)

3 min read

Business France U.S.

Uber’s decision to increase minimum wages for drivers in France marks a significant advancement in gig workers’ rights

Post Date 12/20/2023

Uber Technologies has announced plans to increase the minimum wage for its drivers in France, signaling a significant development in the ongoing debate over gig [more…]