Business News

Subway For Sale? Here's Why Quick-Service Food Chain is a Great Value Target at $10 Billion

The quick-service food chain best known for 'submarine' sandwiches and wraps has been held privately for more than five decades.

Jan 13, 2023

By Jacob J

Singapore joins IEA as SE Asia oil demand set to rise 80% by 2040

US to Become Net Crude Oil Exporter First Time Since 1945; Here's How it Works

According to US government data released in November last year, the country, which has long been known only as the biggest energy consumer in the world, imported only 1.1 million barrels per day of crude oil.

Jan 12, 2023

By Jacob J

FTX Has Recovered $5 Billion in Cash, Liquid Cryptocurrencies and Securities, Says Attorney

Bahams said last week it seized $3.5 billion in FTX digital assets, as its former CEO Sam Bankman-Fried faces a trial in the US.

Jan 11, 2023

By IBTimes APAC Desk

Japanese Clothing Giant Uniqlo Offers 40% Pay Rise; Japan's Low Wage Problem in Focus

The company said there was an urgent need to raise pay, in order to bring the pay package on par with global rates.

Jan 11, 2023

By Jacob J

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs to Cut 3,800 Jobs; Layoffs Begin This Week as Profit Outlook Remains Poor

In September last year, Goldman Sachs had cut about 500 employees. The move had come after the investment bank reported a 48 percent plunge in its second quarter profit.

Jan 9, 2023

By Jacob J

4 Steps To Starting A Business In The Philippines

To start a business in the Philippines you must obtain a business permit. This is a legal requirement and allows the government to regulate business activities.

Jan 9, 2023

By IBT Desk

20 Years Old Entrepreneur Who Scaled More Than 200+ Companies with His Marketing Strategies

Sudheer Miriyalkar said Most marketing and business growth coaches don't generally have an idea of how to scale a business

Jan 8, 2023

By IBT Desk

Austin Rotter Shares 5 New Year's Resolutions for Marketers

Austin Rotter said Visual content is on the rise and is the most popular medium right now. The meteoric ascent of platforms like TikTok and the popularity of short videos on YouTube shorts are a visible example

Jan 8, 2023

By IBT Desk

Oil Price Could Surge to $140 Per Barrel on China Rebound and Russian Supply Loss - Analyst

According to an analyst there is a possibility that crude oil demand would grow by more than 4 million barrels per day in 2023.

Jan 7, 2023

By Jacob J

Amazon Says It Will Cut 18,000 as Jobs 'Economic Uncertainty' Worsens

Amazon has around 300,000 corporate personnel. However, its total staff strength including store workers stand at 1.5 milion.

Jan 5, 2023

By Jacob J

James 'Buster' Coley Dies of Gunshot Wound in Apparent Suicide Attempt

James Buster Coley of the popular Dave & Buster's food and arcade chain died at 72 of an apparent suicide.

Jan 4, 2023

By Nandika Vinal Chand

Crypto Winter: Whopping 70,000 People Lose Millionaire Status Owing to Bitcoin Crash in 2022

At the start of last year, the number of millionaire addresses stood at 99,092.

Jan 4, 2023

By IANS

SPAC Valuations - Sense and Sensibility

A company with strong growth prospects may warrant a higher valuation, even if it is above industry averages

Jan 3, 2023

By IBT Desk

Bitcoin to Rise to $160,000? Some Crazy Predictions Despite Steady Decline

Bitcoin is currently trading at $16,730.75. The biggest cryptocurrency has lost more than 65 percent in market capitalization in the year 2022 alone.

Jan 2, 2023

By IBTimes APAC Desk

Bahamas Seizes $3.5 Billion in FTX Digital Assets as Bankman-Fried Faces Trial in US

Bankman-Fried has been released on a $250 million bond in the US, "the largest-ever pretrial bond", amid his trial for committing fraud and other criminal charges.

Dec 31, 2022

By IANS

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