Business

Tesla's next generation smaller car to operate mostly autonomously-Musk

Tesla Chief Executive Elon Musk on Tuesday said that the next generation small car the company is working on would operate mostly in autonomous mode, similar to a promise he made in 2020.

March 8, 2023 8:17 am
 

Business

S&P cuts Nissan credit rating to junk status

Nissan Motor Co Ltd’s (7201.T) credit rating was cut to junk status by S&P Global Ratings on Tuesday, which said the Japanese automaker’s earnings will remain weaker than previously assumed, given the prospect of another tough year in 2023.

March 8, 2023 7:21 am
 

Business

Bargain Box upgrades Labasa store

Business retail, Bargain Box Fiji has upgraded its outlet in Labasa into a premium store.

March 7, 2023 4:17 pm
 

Business

China says if US does not change path towards it there will 'surely be conflict'

China’s foreign minister blamed the U.S. for rising tensions between Washington and Beijing and said if the U.S. does not change its path no amount of guardrails can prevent derailment and there will “surely be conflict and confrontation”.

March 7, 2023 4:00 pm
 

Business

California to not do business with Walgreens over abortion pills issue, Governor says

California will not do business with Walgreens Boots Alliance Inc (WBA.O), state Governor Gavin Newsom said in a tweet on Monday, days after the pharmacy chain said it would not dispense abortion pills in some Republican-dominated states.

March 7, 2023 3:42 pm
 

Business

Paramount Global mulls sale of majority stake in BET

Paramount Global (PARA.O) is mulling the possible sale of a majority stake in BET Media Group, which includes the BET cable network, BET Studios and VH1, a source with knowledge of the matter told Reuters.

March 7, 2023 3:23 pm
 

Business

Twitter's lead EU regulator concerned over blue tick roll-out

Twitter’s lead European Union privacy regulator said she was concerned that the Elon Musk-owned U.S. firm had launched its Twitter Blue subscription service in the region without consulting her office, despite a pledge to do so.

March 7, 2023 2:37 pm
 

Business

Push to give Biden new powers to ban TikTok moves ahead in Congress

Two U.S. senators said on Monday their efforts to tackle foreign technology threats were advancing and they will on Tuesday unveil legislation aimed at granting President Joe Biden’s administration new powers to ban Chinese-owned video app TikTok and other apps that could pose security risks.

March 7, 2023 1:20 pm
 

Business

Massive drop in coconut industry production

The coconut industry is only producing 2,400 tonnes of copra to date compared to the 12000 tonnes of copra produced in previous years.

March 7, 2023 12:27 pm
 

Business

Diversification is crucial says Daunabuna

Permanent Secretary for Tourism Salaseini Daunabuna says diversification and inclusivity are crucial in the tourism sector.

March 7, 2023 11:55 am
 

Business

China sets out economic, political, military vision

A look at the day ahead in Asian markets from Jamie McGeever.

March 6, 2023 3:41 pm
 

Business

Chinese companies hang onto dollars, hedge to prepare for volatile yuan

Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a fall in the value of the yuan, according to executives, bankers and data analysed by Reuters.

March 6, 2023 2:38 pm

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