Business

Fiji faces economic fallout from Russia-Ukraine conflict, EU assists

Russia’s invasion of Ukraine continues to have a ripple effect across the world, with Fiji feeling the negative economic impacts as supply chains are disrupted and inflation rises.

February 25, 2023 4:29 pm
 

Business

Singh attends International Sugar Cane Congress in India

Minister of Multi-Ethnic Affairs and Sugar Industry Charan Jeath Singh and his senior officials were part of a weeklong Congress of the

February 25, 2023 4:01 pm
 

Business

Boeing shares fall after new Dreamliner delivery halt

Shares of Boeing Co (BA.N) fell nearly 5% on Friday after the U.S. planemaker temporarily halted deliveries of its 787 Dreamliner jets over a documentation issue related to a fuselage component.

February 25, 2023 3:50 pm
 

Business

Hyundai to divest Alabama subsidiary following child labor revelations

South Korean automaker Hyundai Motor Co (005380.KS) on Friday told shareholders that it would divest its controlling stake in a major Alabama auto parts plant where Reuters last year documented children as young as 12 were working.

February 25, 2023 3:02 pm
 

Business

Meta heats up Big Tech's AI arms race with new language model

Meta Platforms Inc (META.O) said it was releasing to researchers a new large language model, the core software of a new artificial intelligence system, heating up an AI arms race as Big Tech companies rush to integrate the technology into their products and impress investors.

February 25, 2023 1:55 pm
 

Business

Naisoso project set to boost economy with $500m investment

Tourism Capital Partners has launched the $500 million Sorena Naisoso project, aimed at creating economic growth in Fiji.

February 25, 2023 12:34 pm
 

Business

CTO has the potential to help navigate: Kamikamica

The world has changed irrevocably and continues to change at an unprecedented pace, fueled by rapid technological innovation.

February 25, 2023 12:09 pm
 

Business

Air India to hire over 4,200 cabin crew, 900 pilots after record aircraft deal

Tata Group-owned Air India on Friday said it planned to hire over 4,200 cabin crew and 900 pilots in 2023, as part of a major revamp that saw the carrier seal orders for a record 470 jets earlier this month.

February 25, 2023 6:31 am
 

Business

U.S. dollar holds seven-week high after strong inflation data

The dollar held a seven-week peak on Friday, as another round of data showing still-high inflation reinforced expectations that interest rates could stay higher for longer.

February 25, 2023 5:41 am
 

Business

Finance Minister replies to claims by Narube

The Ministry of Finance has clarified that the objective of the medium-term fiscal strategy tabled in Parliament last week was to set the broad fiscal parameters that will guide the formulation of the upcoming budget.

February 24, 2023 11:52 am
 

Business

Hotel bookings look strong: Kumar

The Tanoa Hotel Group did not anticipate the tourism industry to bounce to recover so quickly.

February 24, 2023 11:17 am
 

Business

Netflix cuts prices in some countries to boost subscriptions

Netflix Inc (NFLX.O) said it had reduced the prices of its subscription plans in some countries, as the streaming giant looks to retain subscriber growth amid stiff competition from rivals.

February 24, 2023 7:49 am

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