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Business News

Spotty report card on climate for top asset managers

Paris - The world's top 30 fund managers, collectively holding $50 trillion in assets, get mixed marks on steering the global economy into alignment with Paris climate targets, according to a report released Thursday.

Security concerns block Chinese bid for Australian builder

Sydney - A Chinese company's bid for an Australia-based building contractor has been abandoned after the Australian government signalled it would block the purchase over national security concerns.

Afghan dairy entrepreneur walks political tightrope to stay afloat

Kandahar - Brightly coloured milk bottles whizz off the production line at the Milko factory in Afghanistan's Kandahar province, the result of entrepreneur Ghami Mia treading a careful line with both the Taliban and government officials.

How many restaurants are remaining resilient during COVID-19? Special

Globally, 2020 was an incredibly challenging time for restaurants with all of the shutdowns. In the U.S., however, there are some signs of hope. Across the nation, levels have only marginally declined, although individual states vary considerably.

Doubling down on user experience in healthcare

Just as the coronavirus pandemic has disrupted healthcare, so has healthcare responded in kind. This is through an expansion in telehealth services, although there is further innovation to come.

5G will help to foster in improved AI technology for firms Special

Businesses have not made the most of 5G deployment in 2020, not least due to the considerable disruption from the coronavirus. In 2021, there will be more opportunities to use 5G to foster in improved forms of AI.

'Rain checks': Germany's F&B sector in virus curbs survival mode

Berlin - From distilling alcohol for pharmacies to printing takeaway bags and delivering order-in cocktails, Germany's food and beverage sector has been forced to get creative to keep their companies going through coronavirus shutdowns.

Amazon is set to become the world's biggest private employer

Amazon has hired more than 400,000 people globally since January, amounting to more than 1,000 new hires per day, and this does not include the 100,000 seasonal workers added before the start of the holidays, bringing hires to nearly 1,400 per day.

Chatting with Harry Korines: A lifetime in the NY diner business Special

Huntington - Diner owner Harry Korines has a major reason to be proud. This month, he celebrates 40 years with Golden Coach Diner in Huntington on Long Island, New York.

From hummus to high-tech: Israel CEOs seek 'friends', deals in UAE

Dubai - If you had asked Israeli businessman Yehonatan Ben Hamozeg earlier this year where he'd be pitching his palm tree saving technology in October, there was no chance he would have said the United Arab Emirates.

Samsung Electronics chairman Lee Kun-hee dies at 78

Seoul - Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said.

Samsung Electronics chairman Lee Kun-hee dies at 78: company

Seoul - Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday, the company said.Lee, who turned the South Korean firm into a global tech giant, was left bedridden by a heart attack in 2014.

China's super rich got $1.5 trillion richer during pandemic: report

Bejing - China's super wealthy have earned a record $1.5 trillion in 2020, more than the past five years combined, as e-commerce and gaming boomed during pandemic lockdowns, an annual rich list said Tuesday.

SK Hynix in $9 bn deal for Intel's flash memory chip business

Seoul - The world's second-largest chipmaker, South Korea's SK Hynix, announced a record $9 billion deal Tuesday to buy Intel's flash memory chip operation as it seeks to bolster its position against rival behemoth Samsung Electronics.

SK Hynix to buy Intel's NAND memory chip business in $9bn deal

Seoul - The world's second-largest chipmaker, South Korea's SK Hynix, is to buy Intel's flash memory chip operation in a deal worth $9 billion, it said Tuesday, as it seeks to bolster its position against Samsung.

U.S. new jobless claims hit highest level since mid-August

The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.

Ruby Tuesday files for bankruptcy — the latest casualty of virus

Ruby Tuesday Inc., the struggling casual restaurant chain, filed for bankruptcy Wednesday, partly blaming the "unprecedented impact" of the coronavirus pandemic.

Q&A: Consumer and business outlooks since COVID-19 Special

Many businesses are facing uncertainty and across many sectors the outlook is bleak. One reason for this is due to low levels of consumer confidence. But is this so for all sectors, and how will things unfold? An expert from Experian weighs in.

Bottled water billionaire pips Jack Ma to become China's richest

Bejing - A businessman who spun his wealth from bottled water and vaccines has usurped tech tycoon Jack Ma as China's richest man, the Bloomberg Billionaires Index showed Thursday.Nongfu Spring founder Zhong Shanshan's net worth has hit $58.

Beirut businesses crowdfund to rebuild after blast

Beirut - Standing in the gutted ruins of her bar destroyed by Beirut's massive port blast, Lebanese entrepreneur Gizelle Hassoun said she hopes crowdfunding can help save her business from the rubble.

Q&A: B2B holiday marketing during the pandemic Special

The COVID-19 crisis has led to dramatic economic shifts and forced businesses to evolve with changing customer behaviors. This means businesses need to pivot their B2B holiday marketing strategies.

One million Americans file for jobless benefits as economy sinks

The number of Americans who filed for unemployment benefits for the first time came in above 1 million for the 22nd time in 23 weeks as the economy struggles to recover from the coronavirus pandemic.

Spike in demand: stinky durians enjoy online virus boom

Petaling Jaya - When a coronavirus lockdown confined Malaysians to their homes, street traders selling durians moved their pungent produce online -- and have been enjoying an unexpected spike in demand.

Uber keeps Asia HQ in Singapore, ditching Hong Kong move

Fpo - Uber will keep its Asian headquarters in Singapore for now, the ride-hailing giant said Thursday, blaming regulatory uncertainty for thwarting a mooted shift to Hong Kong.

E-bike revolution tempts Ferrari owners

Apo - What better partner for a Cowboy than a Prancing Horse?The Agnelli family's Exor holding company is best known as the owner of Ferrari, the four-wheeled supercar with the stallion logo.

Libya small businesses struggle to rebuild after waves of unrest

Tripoli - Libyan businessman Mahmud al-Sharkassi surveyed the ruins of his factory on the outskirts of war-scarred capital Tripoli, disheartened but determined to get back to work."This used to be the heart of my project.

UK unveils post-Brexit border plans and ad campaign

London - Britain on Monday launched another Brexit advertising blitz and unveiled its first detailed proposals for managing the country's borders after cutting ties with the European Union.

Record debts come due for struggling Canadian energy industry

The Canadian energy industry has borrowed heavily to survive a series of catastrophes and is facing $6 billion in refinancing in the next six months, the Bank of Canada said in May.

Hong Kong businesses back new security law despite fears

Fpo - China's new security law has sent fear coursing through many Hong Kong residents, but the city's commercial community has largely embraced it as a way to get back to doing business.

Women bear the brunt of virus fallout in workplace

London - The reverberating economic shock of the coronavirus crisis has delivered a massive setback for women because so many work in the badly exposed services sector, experts say.
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Wynne in meeting with New Jersey Representative Bill Pascrell and Ways and Means democratic members ...
Wynne in meeting with New Jersey Representative Bill Pascrell and Ways and Means democratic members on NAFTA and how they can work together to strengthen auto manufacturing in North America.
Office of the Premier Kathleen Wynne
Scenes from downtown Denver along the 16th Street Mall.
Scenes from downtown Denver along the 16th Street Mall.
Agriculture giant Cargill is turning to digital technology to tackle the challenge of food security.
Agriculture giant Cargill is turning to digital technology to tackle the challenge of food security.
Photo by Tim Wright on Unsplash
Information booth on the 16th Street Mall  Denver  CO.
Information booth on the 16th Street Mall, Denver, CO.
Jodi Kovitz is pushing for more female talent to get ahead in business and tech.
Jodi Kovitz is pushing for more female talent to get ahead in business and tech.
Digital Journal Staff
Outdoor cafes are the norm along the 16th Street Mall  downtown Denver  CO.
Outdoor cafes are the norm along the 16th Street Mall, downtown Denver, CO.
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Juhan Sonin
What is unique about Denver  CO cow at the 16th Street Mall.
What is unique about Denver, CO cow at the 16th Street Mall.
People playing chess at the 16th Street Mall  downtown Denver  CO.
People playing chess at the 16th Street Mall, downtown Denver, CO.
Toronto Ontario  Canada - June 5  2012. Located in a former Canadian Pacific Rail steam locomotive r...
Toronto Ontario, Canada - June 5, 2012. Located in a former Canadian Pacific Rail steam locomotive roundhouse, Steam Whistle brewery produces an average of 120,000 bottles of their Pilsner beer every day. During June and July their production will double to keep pace with demand. The company is in production 363 days of the year, only closed on Christmas and New Years day. The company produces one beer only - Pilsner - which was selected to fill a gap in the craft beer market that was identified
Rental bicycles abound across the city of Denver  where you can pick them up to ride from place to p...
Rental bicycles abound across the city of Denver, where you can pick them up to ride from place to place, parking them at each kiosk you arrive at.
Offices in a pharmaceutical / healthcare facility (Francis Crick Institute  London).
Offices in a pharmaceutical / healthcare facility (Francis Crick Institute, London).
Mastercard s new logo
Mastercard's new logo
Mastercard/ Business Insider
To realize the promise of industrial IoT  however  companies must combine operational technology wit...
To realize the promise of industrial IoT, however, companies must combine operational technology with enterprise IT
Photo by Andrik Langfield on Unsplash
UK based ARCOL Resistors  is the long established specialists in resistor technology.
UK based ARCOL Resistors, is the long established specialists in resistor technology.
Department for Business, Innovation & Skills
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Jessica Gale photo morgueFile
Corporate real estate is transforming  driving productivity and employee engagement.
Corporate real estate is transforming, driving productivity and employee engagement.
Toronto Ontario  Canada - June 5  2012. Located in a former Canadian Pacific Rail steam locomotive r...
Toronto Ontario, Canada - June 5, 2012. Located in a former Canadian Pacific Rail steam locomotive roundhouse, Steam Whistle brewery produces an average of 120,000 bottles of their Pilsner beer every day. During June and July their production will double to keep pace with demand. The company is in production 363 days of the year, only closed on Christmas and New Years day. The company produces one beer only - Pilsner - which was selected to fill a gap in the craft beer market.
A Sprint retail store located at 7505 SE Tualatin Valley Highway in Hillsboro  Oregon  United States...
A Sprint retail store located at 7505 SE Tualatin Valley Highway in Hillsboro, Oregon, United States.
M.O. Stevens
Informative cow  downtown Denver  CO.
Informative cow, downtown Denver, CO.

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