Business

Council urged to strengthen its revenue streams

Minister for Local Government Maciu Nalumisa is urging Nadi ratepayers to make efforts to pay their rates to allow the Council to provide a conducive environment for development and business opportunities.

March 24, 2023 4:18 pm
 

Business

Ford sees $3 billion pretax loss in its EV business this year

Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.

March 24, 2023 2:22 pm
 

Business

Snap launches enterprise division to help businesses build AR features

Snap Inc, an owner of photo messaging app Snapchat, launched a new division that will help other companies build augmented reality features for their websites or apps.

March 24, 2023 10:34 am
 

Business

Network fee not the fix for European telecoms financial problems

Meta Platforms voiced its strongest criticism to date of a push by EU telecoms operators to get Big Tech to foot additional network costs, saying this would not solve their financial problems and also ignores tech companies’ hefty investments.

March 24, 2023 9:36 am
 

Business

Zelenskiy tells Europe: Be quicker with military aid or face a long war

Ukrainian President Volodymyr Zelenskiy on Thursday urged Europe to increase and speed up supplies of modern weaponry and impose tougher sanctions on Russia, saying otherwise the war could drag on for years.

March 24, 2023 8:20 am
 

Business

TikTok congressional hearing: CEO Shou Zi Chew grilled by US lawmakers

U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns over the app’s power over Americans.

March 24, 2023 7:06 am
 

Business

Factbox: Warren Buffett's investments in financial firms

Berkshire Hathaway’s Warren Buffett has been in discussions with senior Biden administration officials about the banking crisis, leading some to speculate that Buffett would consider investing in the sector following the collapse of Silicon Valley Bank.

March 24, 2023 6:51 am
 

Business

BlackRock to keep questioning boards on 'material' climate risks

BlackRock Inc, the world’s largest asset manager, said on Thursday it would continue to push companies for details on how they treat “material” climate-related risks, despite criticism from some U.S. politicians for its stance on the energy transition.

March 24, 2023 5:53 am
 

Business

Concerns over artificial price hike

The Fijian Competition and Consumer Commission is stepping up efforts to combat the artificial inflation of prices by small and medium enterprises.

March 23, 2023 4:59 pm
 

Business

TikTok would be tough to ban in the US without a new law

The Biden administration is under pressure to ban the popular Chinese-owned social media app TikTok, but any such move likely hinges on the passage of a new law that bolsters the government’s authority to regulate speech, experts said.

March 23, 2023 2:26 pm
 

Business

First Republic shares fall as Yellen says not considering 'blanket insurance' on bank deposits

First Republic shares fall as Yellen says not considering ‘blanket insurance’ on bank deposits

March 23, 2023 1:37 pm
 

Business

UN warns 'vampiric overconsumption' is draining world's water

The United Nations used its first conference on water security in almost half a century on Wednesday to exhort governments to better manage one of humanity’s shared resources.

March 23, 2023 10:46 am

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