Business

Oil prices surge, markets narrow odds on Fed hike

Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism.

April 3, 2023 1:14 pm
 

Business

Discussions underway on vaccination policy for PALM Scheme

The Employment Ministry will continue to adhere to the Australian Government’s requirement of full vaccination for Fijians who want to participate in the Pacific Australia Labour Mobility Scheme.

April 3, 2023 12:37 pm
 

Business

Tesla misses delivery estimates for first quarter

Tesla Inc (TSLA.O) on Sunday missed estimates for first-quarter deliveries as a bleak economic outlook and rising competition weighed on the electric automaker’s sales.

April 3, 2023 12:18 pm
 

Business

Ministry to review sandalwood industry

The Ministry of Forestry will review the sandalwood industry.

April 3, 2023 12:18 pm
 

Business

Tourism and civil aviation ministry operating on a $35.2 million budget: Prasad

The government has allocated a budget of $35.2 million for the newly established Ministry of Tourism and Civil Aviation, according to Deputy Prime Minister and Minister for Finance, Professor Biman Prasad.

April 3, 2023 11:37 am
 

Business

McDonald's temporarily shuts US offices, prepares layoff notices

Burger chain McDonald’s Corp (MCD.N) is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported.

April 3, 2023 11:20 am
 

Business

Fiji's chance to secure Ginger market slipping away: Rayalu

Agriculture Minister Vatimi Rayalu has cautioned that Fiji’s hope of securing a lucrative ginger export market in Australia is diminishing.

April 3, 2023 10:05 am
 

Business

Shoddy construction and joinery work still a concern

The Consumer Council of Fiji has noted an increase in complaints pertaining to shoddy joinery and construction work.

April 3, 2023 5:30 am
 

Business

Strong appointed as BPO Council President

Craig Strong has been elected President of the Business Process Outsourcing Council of Fiji.

April 3, 2023 5:01 am
 

Business

Lookout Cafe to boost livelihood

The Lookout Cafe, a joint project by the Rotary Club of Savusavu and Urata Village in Cakaudrove, aims to boost the livelihood of about 60 families.

April 2, 2023 4:38 pm
 

Business

US unveils stricter EV tax credit rules to take effect April 18

The EV battery sourcing guidance issued on Friday triggers new requirements for critical minerals and battery components and takes effect for vehicle purchases starting April 18.

April 1, 2023 11:43 am
 

Business

Oil settles 1% higher on tightening supplies, cooling US inflation

The EV battery sourcing guidance issued on Friday triggers new requirements for critical minerals and battery components and takes effect for vehicle purchases starting April 18.

April 1, 2023 10:47 am

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