Business

Elon Musk says Twitter's cash flow still negative as ad revenue drops 50%

Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said, falling short of his expectation in March that Twitter could reach cash flow positive by June.

July 16, 2023 8:37 am
 

Business

LTA Board meets Western bus operators

The Land Transport Authority Board met with the Western Bus Operators in light of the high number of bus incidents and accidents.

July 16, 2023 7:45 am
 

Business

Members vote in favour of industrial action

Members of the Construction and Energy Timber Workers Union of Fiji (CETWUF) have successfully collected votes in a secret strike ballot from their members around the country.

July 15, 2023 4:43 pm
 

Business

Nokia misses second-quarter expectations

Finnish telecom gear group Nokia reported second-quarter sales of 5.7 billion euros ($6.4 billion), a comparable operating profit margin of 11%, and lowered its full-year outlook.

July 15, 2023 10:33 am
 

Business

Disney seeks to toss district lawsuit in DeSantis feud

Walt Disney Co asked a Florida judge to dismiss a lawsuit by a state oversight board as part of the entertainment giant’s effort to pursue its case against Governor Ron DeSantis, the latest development in a year-long feud.

July 15, 2023 9:24 am
 

Business

Elon Musk says xAI will examine universe

Elon Musk on Friday said the purpose of his new artificial intelligence company, xAI, will be to “understand the universe.”

July 15, 2023 8:40 am
 

Business

Study to revive the rail system

The government and the Opposition has agreed that the railway system is a cheaper mode of transporting canes to the various mills.

July 15, 2023 7:45 am
 

Business

Liquor amendment bill passed

The Liquor (Amendment) Bill 2023 has been passed in the parliament.

July 14, 2023 2:28 pm
 

Business

FIU records $252m worth of suspected transactions

The estimated value of transactions suspected to be tainted and linked to predicate criminal offences and tax evasion last year was $252 million.

July 14, 2023 2:18 pm
 

Business

FNPF appoints new Chief Investment Officer

The Fiji National Provident Fund has appointed Naibuka Saune as its Chief Investment Officer.

July 14, 2023 12:25 pm
 

Business

Microsoft-Activision faces blow to bid to buy Call of Duty maker

US regulator the Federal Trade Commission has moved to appeal against a decision.

July 14, 2023 11:31 am
 

Business

Twitter to offer ad revenue share to select content creators

Twitter said that select content creators on the social media platform will be eligible to get a part of the advertising revenue the company earns.

July 14, 2023 10:30 am

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