Business

US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals

A U.S. federal lawsuit to block JetBlue Airways Corp’s (JBLU.O) purchase of Spirit Airlines (SAVE.N).

March 8, 2023 2:22 pm
 

Business

Walmart to invest nearly $1.5 bln in Mexico and Central America in 2023

Walmart’s unit in Mexico and Central America, known as Walmex (WALMEX.MX), plans to boost spending in the region 27% from last year to total around 27 billion pesos ($1.49 billion) in 2023, it said on Tuesday.

March 8, 2023 2:18 pm
 

Business

Nvidia, AMD grapple with latest U.S. curbs on China's Inspur

Nvidia Corp (NVDA.O), Advanced Micro Devices Inc (AMD.O) and other tech firms are scrambling to assess whether they must halt sales to units of China’s Inspur Group Ltd after its addition to a U.S. export blacklist last week.

March 8, 2023 12:35 pm
 

Business

PM meets Fiji Water owners

Prime Minister Sitiveni Rabuka took time to meet the owners of Fiji Water while on his way back to Fiji following the Our Ocean Conference in Panama.

March 8, 2023 12:05 pm
 

Business

EU, UK, Swiss probe suspected fragrance cartel, Givaudan confirms cooperation

Swiss fragrance and flavour maker Givaudan (GIVN.S) said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients.

March 8, 2023 11:56 am
 

Business

Musk says Twitter could be cash flow-positive next quarter

Twitter Chief Executive Elon Musk said on Tuesday that the company had “a shot” at being cash flow-positive next quarter, as the social media platform has been aggressively cutting costs.

March 8, 2023 10:45 am
 

Business

Dollar jumps as Powell flags higher terminal rate

The dollar hit a three-month month high against a basket of currencies on Tuesday.

March 8, 2023 9:34 am
 

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

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