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
 

Business

FSC announces appointment of board members

The Ministry of Sugar has announced the appointment of four new members to the Board of Directors for Fiji Sugar Corporation and the renewal of an existing board member.

April 29, 2023 8:09 am

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