Business News

Hong Kong exodus begins: World's 2nd largest jewellery chain Chow Tai Fook closing 15 stores

Chow Tai Fook is only behind Tiffany & Co in terms of market value. The luxury retailer has 86 retail outlets in Hong Kong

Jan 14, 2020

By Jacob J

Why the US-Iran spat does not affect Indonesian rupiah

Despite the rebound in the stock market, analysts argued that investors ignored possible Iran's threat of revenge for the general's demise

Jan 14, 2020

By Yasmin Rasidi

Amazon, Walmart's Flipkart face antitrust probe in India for violating competition rules

The news comes on the same day Walmart fired 56 employees in India in a bid to resurrect its business in that country

Jan 14, 2020

By R. Ghosh

Amazon prime

David Calhoun assumes charge as chief executive, as Boeing's struggles continue

Calhoun has an upheaval task ahead that includes repairing relationship with regulators and bringing back the grounded Boeing 737 Max to service

Jan 14, 2020

By R. Ghosh

UK to ban sale of diesel and petrol cars from 2040

Oil steady as US-Iran conflict eases, trade deal details elusive

Oil prices surged to their highest in almost four months after a US drone strike killed an Iranian commander and Iran retaliated with missiles launched against US bases in Iraq

Jan 14, 2020

By Reuters

Indonesian president sails to South China Sea islands sending strong message to China

Indonesia, UAE sign 11 pacts worth $22.89 billion during UAE Crown Prince Zayed's visit

11 business agreements in energy, oil and gas, petrochemical, port, telecommunication, and research, with a total estimated value worth $ 22.89 billion were inked

Jan 13, 2020

General Motors 'plans' to revive Hummer with an all-electric version

The iconic fuel-guzzling vehicle, which was always targeted by environmentalists, went out of production in 2010

Jan 13, 2020

By R. Ghosh

Fitbit, Garmin and others to be investigated by US for alleged patent violations

The Netherlands-based Philips claims that these wearable devices companies have been infringing on its patents and has called for tariffs or an import ban

Jan 13, 2020

By R. Ghosh

Samsung

Indonesia to summon Chinese ambassador over maritime standoff in Natuna Sea

Japan expresses interest in investment in Indonesia's outer islands and new capital

Japan's investment in Indonesia's outlying islands aims to boost the latter's fishery sector and has nothing to do with the Indonesia-China spat in the Natuna waters

Jan 12, 2020

By Yasmin Rasidi

Boeing's crisis starts hurting its biggest supplier; Spirit to lay off 2,800 workers

Spirit suspended manufacturing components for Boeing from January 1, days after the aircraft maker announced that it will halt production of 737 Max

Jan 12, 2020

By R. Ghosh

Uber says goodbye to Colombia; to stop services after January 31

Uber said that it will take all necessary legal steps to defend its 88,000 drivers drivers and over 2 million riders in Colombia

Jan 12, 2020

By R. Ghosh

Former Indonesian minister Mari Pangestu appointed as World Bank managing director

Mari Elka Pangestu is a well-known economist with an international reputation and ministerial experience

Jan 12, 2020

By Yasmin Rasidi

Airbus net orders rise but lag behind deliveries in 2019

Airbus posted higher airplane orders for 2019 but failed to keep pace with deliveries for the second year in a row after axing its A380 superjumbo program

Jan 11, 2020

By Reuters

LinkedIn joins other tech giants; to open new campus and expand workforce in Dublin

Dublin is fast becoming Europe's new technology hub as foreign businesses have to pay corporate tax as low as 12.5% in Ireland

Jan 11, 2020

By R. Ghosh

Facebook

F-35 warplane costing UK government millions due to tech failure

Singapore gets nod from US government to buy F-35 fighter jets

Last year, Singapore had said that it wants to buy F-35 fighter jets from Lockheed Martin as it planned to replace its aging F-16 fleet

Jan 11, 2020

By R. Ghosh

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