TAIPEI: Taiwan’s parliament passed a proposal Wednesday (Jul 22) to rebrand the island’s largest airline to avoid confusion with carriers on the Chinese mainland. China Airlines (CAL) is frequently mistaken for Air China – the mainland’s national carrier – and there have long been calls to rename it or make […]
Business
SINGAPORE: Residents of Singapore are being encouraged to take a local holiday – dubbed a “Singapoliday” – and rediscover their home country while supporting local business through a S$45 million marketing campaign over the next nine months by the Singapore Tourism Board (STB) and other agencies. “The campaign will offer […]
Investors have pushed shares of Microsoft Corp up almost 30 percent since the start of the year, betting that the pandemic-induced shift to more remote computing will boost its business. REUTERS: Investors have pushed shares of Microsoft Corp up almost 30 percent since the start of the year, betting that […]
BANGKOK: Thailand’s rice exporters association has slashed its forecast for 2020 exports to 6.5 million tonnes, the lowest volume in two decades, owing to drought and a strong baht currency, its executives said on Wednesday (Jul 22). The industry group’s latest forecast for Thailand, the world’s second-largest rice exporter last […]
Tesla Inc’s rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how. FRANKFURT/BEIJING/DETROIT: Tesla Inc’s rapid rise to become the world’s most valuable carmaker […]
BRUSSELS: European Union leaders clinched a deal on Tuesday (Jul 21) for a huge stimulus package which the European Commission has said will make fighting climate change central to Europe’s economic recovery from the COVID-19 pandemic. Climate advocates said the final deal – a €1.074 trillion EU budget for 2021-27, […]
SEOUL: South Korea on Wednesday (Jul 22) scaled back plans to impose capital gains taxes on stock investments in response to complaints by retail investors, but said it will hike taxes for top earners as part of changes in its annual tax code revision. It comes after retail investors took […]
SINGAPORE: A risk management framework for business events of up to 50 attendees has been developed by the Singapore Tourism Board (STB), and it will be trialed with two pilot events before gradually scaling up to other events. Business-to-business (B2B) events such as meetings, conventions, exhibitions and trade shows have […]
SYDNEY: Hong Kong’s Cathay Pacific Airways said on Wednesday (Jul 22) it had reached agreement with Airbus to delay the delivery of A350s and A321neos and was in advanced talks with Boeing about deferring its 777-9 orders. The airline said the A350s due to arrive in 2020 and 2021 were […]
LONDON: Royal Bank of Scotland has hired climate change expert Nicholas Stern to help shape its sustainability strategy as the state-backed lender prepares to rebrand as NatWest Group. RBS Chief Executive Alison Rose has made helping to tackle climate change a big part of her strategy to rebuild its brand […]