BEIJING: Bottled water giant Nongfu Spring said on Monday (Sep 7) it is aiming to raise more than US$1 billion in a Hong Kong listing, as Beijing cajoles Chinese companies to raise cash at home. Nongfu, which claims to be number one in China’s massive bottled water market, is ubiquitous […]
Business
Finnish telecom firm Nokia has suffered a setback after a source close to the matter confirmed it had lost out to Samsung Electronics on a part of the contract to supply new 5G equipment to Verizon in the United States. STOCKHOLM: Finnish telecom firm Nokia has suffered a setback after […]
Italy’s antitrust authority said on Monday it had opened an inquiry into Google Inc , Apple Inc and Dropbox Inc over cloud computing services. MILAN: Italy’s antitrust authority said on Monday it had opened an inquiry into Google Inc , Apple Inc and Dropbox Inc over cloud computing services. “The […]
SYDNEY: Looking to travel from Beijing to Hangzhou in eastern China? A flight can be had for as low as 180 yuan (US$26): One of a slew of deals fuelling a robust recovery in Chinese passenger levels and which could provide a model for a beleaguered industry globally. Led by […]
NEW YORK: Serena Williams seeks a quarter-final berth at the US Open on Monday as the top men’s seeds look to take advantage of Novak Djokovic’s shock disqualification. Williams goes head-to-head with Greece’s 15th seed Maria Sakkari for a spot in the last eight as she chases a record-equalling 24th […]
The Japanese government has guaranteed most of a loan to Nissan Motor Co from the Development Bank of Japan (DBJ), a source said, taking its guarantee to more than 40per cent of 713 billion yen (US$6.7 billion) in finance for Japan’s No.2 automaker. TOKYO: The Japanese government has guaranteed most […]
SYDNEY: In 2017, the last car Australia built rolled out of a General Motors’ plant in the city of Adelaide, ending seven decades of local automotive history and the belief that the country’s factories could ever compete globally. Three years later, policymakers are once again looking to manufacturing to generate […]
SYDNEY: The Australian Associated Press (AAP) launched a crowdfunding campaign on Monday (Sep 7) as the newswire struggles with financial pressures just a month after it was sold off and relaunched as a non-profit. CEO Emma Cowdroy said AAP was facing aggressive competition from a new rival, NCA, created by […]
U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession. WASHINGTON: U.S. job growth likely slowed further in August as financial assistance from the government ran out, threatening the economy’s recovery from the COVID-19 recession. The […]
SYDNEY: Virgin Australia’s creditors voted on Friday (Sep 4) in favour of the purchase of Australia’s second-biggest airline by US private equity group Bain Capital, administrator Deloitte said, paving the way for a strategic overhaul. The deal will allow the carrier to emerge from voluntary administration, which it had entered […]