BUSINESS & FINANCE

BUSINESS & FINANCE

BUSINESS & FINANCE

• Amid weak panel prices, Foxconn drops plan to acquire Sharp’s LCD factory in Japan

  On Feb. 12, reports citing Nikkei Asia said Sharp announced on Tuesday (local time) that the planned...

• Malaysia’s unemployment rate holds steady in December last year as female labour force participation hits a record high

  (Kuala Lumpur, 11th) Malaysia’s Department of Statistics reported that the number of unemployed fell...

• Kering swings from profit to loss last year as revenue declines across its three major brands

  (Paris, 11th) French luxury group Kering swung to a net loss of €29 million last year, compared with...

• A crypto storm shakes up the global rich list, turning the rankings upside down!

  (Washington, 11th) As crypto prices keep sliding, Coinbase CEO Brian Armstrong has fallen out of the...

• Price hikes fail to drive listeners away as Spotify delivers strong results

  (Stockholm, 11th) Spotify delivered a surprise earnings beat as its price-hike strategy paid off. On...

• Consumers tighten spending as U.S. retail sales post zero growth in December last year

  (Washington, 11th) U.S. retail sales unexpectedly stalled in December, showing zero month-on-month g...

• Hostile bid for Warner heats up again as Paramount increases the breakup fee!

  (New York, 11th) Paramount Skydance has intensified its hostile takeover bid for Warner Bros. Discov...

• Coca-Cola reverses decision, retains full ownership of Costa Coffee

  (New York, 11th) Coca-Cola said it will retain 100% ownership of the UK coffee chain Costa Coffee, w...