Business

Ford wins reversal of $105 mln trade secrets verdict

A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets.

May 2, 2023 10:43 am
 

Business

Florida board picked by DeSantis to countersue Disney

An oversight board appointed by Florida Governor Ron DeSantis said it would file a countersuit against Walt Disney Co in state court, according to prepared remarks seen by Reuters.

May 2, 2023 8:23 am
 

Business

Meta plans $7 billion bond issue

Meta Platforms is planning to raise $7 billion in a second bond offering, Bloomberg News reported, citing a person familiar with the matter.

May 2, 2023 7:34 am
 

Business

Manila airport cancels 40 domestic flights after power outage

An unexplained power outage at Manila airport’s Terminal 3 on Monday led to about 40 domestic Cebu Pacific (CEB.PS) flights being cancelled, the airport said.

May 1, 2023 4:29 pm
 

Business

Australia to reveal huge budget rebound, pledge restraint in response

Australia’s Labor government is set to reveal a vast improvement in the budget bottom line next week as its coffers bulge with tax windfalls, yet the outlook will be a sober one as fiscal challenges loom large.

May 1, 2023 2:52 pm
 

Business

Subway comes up with debt plan to clinch $10 billion-plus sale

The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a challenging environment for leveraged buyouts and fetch the company’s asking price of more than $10 billion, people familiar with the matter said.

May 1, 2023 12:23 pm
 

Business

Twitter to allow publishers to charge users on a per article basis starting today

Twitter CEO Elon Musk said that the social media platform will allow media publishers to charge users on a per-article basis with one click.

May 1, 2023 11:20 am
 

Business

Brazil's Lula pledges new minimum wage policy, expanded tax exemption

Brazilian President Luiz Inacio Lula da Silva pledged on Sunday to introduce a new policy of real increases in the minimum wage and announced plans to raise the income tax exemption for lower-income earners.

May 1, 2023 10:03 am
 

Business

Analysis: Inflation, labour crunch prodding Japan's smaller firms to raise pay

Rising inflation and an intensifying labour crunch are prodding smaller local Japanese firms to follow their big counterparts in raising pay, a move that can generate broader wage hikes and encourage the central bank to phase out its massive stimulus.

May 1, 2023 9:48 am
 

Business

Building resilient entrepreneurs is crucial

The Ministry of Trade, Cooperatives, and SMEs continues to embark on financial literacy training.

May 1, 2023 5:43 am
 

Business

Westpac Fiji reports challenges to Fijian economic recovery

The latest quarterly economic review by Westpac Fiji states that while the Fijian economy has recovered and adapted to the COVID-19 pandemic, it still faces challenges and risks.

April 29, 2023 4:13 pm
 

Business

Deal reached in principle to resume Ukraine grain transit with 5 EU countries

The European Commission said on Friday it had reached a deal in principle to allow the transit of Ukrainian grain to resume through five European Union countries that had imposed restrictions.

April 29, 2023 8:33 am

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