Business News

Costco-Instacart JV tests free one-hour medicine delivery service; competition with Walmart, Amazon intensifies

A number of retailers like Amazon and Walmart times have been exploring the prescription-delivery market of late

Nov 7, 2019

By R. Ghosh

Tesla China readying more charging stations as Chinese made Model 3 set to shake up market

The electric carmaker plans to convert its showrooms in China as Tesla Centers that will serve as showrooms, delivery centers as well as service centers.

Nov 7, 2019

By R. Ghosh

Lufthansa cancels 1,300 flights as German court approves strike; Here's what passengers can do now

UFO, the primary union initiating this strike, has been long demanding a hike of 1.8% in salaries for Lufthansa staff.

Nov 7, 2019

By R. Ghosh

Lufthansa to initiate talks with cabin crew unions to avoid strike, gives alternate choice to passengers

The airline is offering passengers due to travel on Thursday and Friday a chance to rebook their travel for free

Nov 6, 2019

By R. Ghosh

Thanksgiving travel boom in US to unlock massive $159 billion spending on air tickets and hotels this year

45% US citizens, which amounts to 114 million adults, will spend an average $1,393 on flight tickets, hotels and eating out.

Nov 6, 2019

By R. Ghosh

China box office to overtake US in 2020; Video streaming giants give US theaters stiff competition

China's domestic box-office revenues are expected to jump to a whopping $15.5 billion in 2020.

Nov 6, 2019

By R. Ghosh

Netflix

Singapore-based FinTech firm Thunes to provide payment services across ASEAN on CALISTA(TM)

Through the Thunes' payment network, both payer and payee in a transaction through CALISTA(TM) can now be updated of the status, including facilitating payments on the same day

Nov 5, 2019

By IBTimes SG Desk

McDonald's Global HR head resigns following CEO Steve Easterbrook's departure

The fast food giant on Monday announced that its global chief people officer David Fairhurst too has left the company

Nov 5, 2019

By R. Ghosh

Lufthansa cancels 35 flights on Sunday as strike enters fifth day

UFO 'hits' Lufthansa: Passengers brace for tough week as two-day strike to disrupt services

All flights departing from and arriving into Germany are likely to get delayed or cancelled owing to the upcoming strike.

Nov 5, 2019

By R. Ghosh

Singapore is the direct beneficiary of the Hong Kong unrest, gets more investments

Singapore is reaping the financial benefits of the Hong Kong unrest as investors are moving their money out from the city.

Nov 5, 2019

By Vinod DSouza

McDonald's stock tumbles after CEO is fired for misconduct with employee

McDonald's stock falls sharply and insiders predict it might go further down, all thanks to the firing of their CEO Steve Easterbrook for having an affair with an employee.

Nov 4, 2019

By Vinod DSouza

McDonald's CEO Steve Easterbrook fired over relationship with employee

McDonald's recent decision to oust Easterbrook comes amid growing strict amendments in company policies against employees engaging in relationships since the #MeToo movement.

Nov 4, 2019

By Pritha Mallick