MELBOURNE : Australia has rolled out a series of grants to critical minerals companies hoping to speed up development of a battery chemical industry and will soon announce details of a national industry strategy, its resources minister said on Thursday. Australia is pushing to reap more value from its mineral […]
Business
NEW YORK : Bankers are beefing up risk management, monitoring and emergency procedures around the use of social media after an internet-fueled run toppled Silicon Valley Bank two months ago and sparked turmoil in the industry. In board rooms across the United States, executives are devising programs and plans to […]
LONDON : Japanese businesses have committed to invest almost 18 billion pounds ($23 billion) in Britain ahead of a meeting with Prime Minister Rishi Sunak on Thursday, including funding for offshore wind power and other clean energy projects. Sunak is in Japan for a Group of Seven leaders’ summit and […]
HANOI: Vietnam on Thursday raised its average retail electricity price by 3 per cent, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast Asian country has been easing since the beginning of the year, with April consumer prices rising 2.81 per […]
French IT consulting group Capgemini on Thursday reported a weaker revenue growth in the first quarter of 2023 versus the same period of last year, citing a tense economic environment with clients adopting a “wait-and-see attitude”. The company’s revenue reached 5.73 billion euros ($6.35 billion) over the period, 10.9 per […]
SEOUL: Samsung Electronics on Thursday (Apr 27) reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business. The South Korean company – one of the world’s largest makers of memory chips and smartphones – said […]
SINGAPORE: Singapore’s United Overseas Bank (UOB) reported on Thursday (Apr 27) a 74 per cent surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The lender’s core profit, which excludes one-off expenses, rose to a record […]
NEW YORK: On the 31st floor of what was once a towering office building in downtown Manhattan, construction workers lay down steel bracing for what will soon anchor a host of residential amenities: a catering station, lounge, fire pit and gas grills. The building, empty since 2021, is being converted […]
HANOI : Apple supplier Quanta Computer plans to set up a factory in northern Vietnam, the Vietnamese government said. The company, a MacBook contract manufacturer, on Friday signed an agreement with the authorities of Nam Dinh province, 90 km (56 miles) south of Hanoi, to construct the facility at an […]
BOCA CHICA, Texas : Elon Musk’s SpaceX made final preparations early on Monday to launch its powerful new Starship rocket system to space for the first time, on a brief but highly anticipated uncrewed test flight from the Gulf Coast of Texas. The two-stage rocketship, standing taller than the Statue […]