MANILA : The Philippines’ Court of Appeals has cleared Japanese pachinko billionaire Kazuo Okada of fraud charges stemming from allegations that he misappropriated US$3.16 million from a casino-resort operator where he was chief executive. The appellate court, in a Dec. 9 ruling that was made public on Monday, reversed a […]
Business
ABUJA : Shares of Airtel Africa hit an all-time high on Wednesday, lifting Nigeria’s main stock index, after the mobile phone company said it will use proceeds of a tower sale to reduce debt. Airtel, the third-biggest listed firm in Nigeria, with a dual listing in London, gained the maximum […]
Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation industry, and could help Stellantis […]
HONG KONG: Hong Kong announced strict new anti-coronavirus controls today, banning flights from eight nations, shuttering bars and gyms and cancelling evening restaurant dining after the Omicron variant was detected within the city. The restrictions are the latest economic blow to an international business hub pursuing a zero-Covid strategy that […]
Burger King will sell vegan nuggets across the UK as part of a pledge to make its menu 50% meat-free by 2030. The fast-food giant said the nuggets, made from soy and plant proteins, had been certified by the Vegan Society. Burger King previously released a plant-based Rebel Whopper burger […]
WASHINGTON: U.S. transportation officials told wireless carriers the government will not seek any further delays in deployment of 5G wireless service beyond Jan. 19 absent any “unforeseen aviation safety issues,” according to a previously unreported letter. U.S. Transportation Secretary Pete Buttigieg and Federal Aviation Administration (FAA) chief Steve Dickson disclosed […]
COX’S BAZAR: Bangladesh authorities have bulldozed more than 3,000 Rohingya-run shops since last month, a government official confirmed today, as struggling refugee families voiced their dismay at the demolitions. About 850,000 members of the stateless Muslim minority are packed into overcrowded displacement camps in Bangladesh, most having fled neighbouring Myanmar […]
Shares in crisis-hit Chinese property developer Evergrande rose on Tuesday after they resumed trading in Hong Kong. The heavily-indebted firm had suspended its shares on Monday pending the release of “inside information”. Evergrande’s shares jumped as much as 10% before trimming gains to close 1.3% higher. The company said its […]
Turkey’s annual inflation rate has soared to a 19-year high, underlining the country’s financial turmoil and alarm over its president’s policies. Prices hit more than 36% December as the cost of transport, food and other staples ate into household budgets. Most central banks raise interest rates to help cool inflation […]
WASHINGTON: Air travel continued to be severely disrupted in the United States on Saturday, with bad weather in parts of the country adding to the impact of a massive spike in Covid-19 infections fuelled by the Omicron variant. The United States had 2,723 cancelled flights, more than half of the […]